Spirit of America Management Corp NY boosted its position in Valero Energy Co. (NYSE:VLO) by 3.8% during the 4th quarter, Holdings Channel reports. The firm owned 109,864 shares of the oil and gas company’s stock after purchasing an additional 4,000 shares during the period. Valero Energy comprises about 1.1% of Spirit of America Management Corp NY’s investment portfolio, making the stock its 28th biggest position. Spirit of America Management Corp NY’s holdings in Valero Energy were worth $10,098,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VLO. Optimum Investment Advisors lifted its position in shares of Valero Energy by 1.1% during the 2nd quarter. Optimum Investment Advisors now owns 14,352 shares of the oil and gas company’s stock valued at $968,000 after buying an additional 152 shares in the last quarter. ETRADE Capital Management LLC increased its stake in Valero Energy by 1.8% in the 2nd quarter. ETRADE Capital Management LLC now owns 10,407 shares of the oil and gas company’s stock worth $702,000 after acquiring an additional 184 shares during the last quarter. Cetera Investment Advisers increased its stake in Valero Energy by 6.2% in the 2nd quarter. Cetera Investment Advisers now owns 4,525 shares of the oil and gas company’s stock worth $304,000 after acquiring an additional 265 shares during the last quarter. Bancorpsouth Inc. increased its stake in Valero Energy by 0.6% in the 2nd quarter. Bancorpsouth Inc. now owns 46,789 shares of the oil and gas company’s stock worth $3,157,000 after acquiring an additional 282 shares during the last quarter. Finally, Eaton Vance Management increased its stake in Valero Energy by 2.1% in the 2nd quarter. Eaton Vance Management now owns 13,671 shares of the oil and gas company’s stock worth $922,000 after acquiring an additional 285 shares during the last quarter. 81.34% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Stephen M. Waters sold 1,600 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $78.87, for a total transaction of $126,192.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Michael S. Ciskowski sold 251,530 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $93.29, for a total value of $23,465,233.70. Following the transaction, the chief financial officer now directly owns 309,119 shares in the company, valued at $28,837,711.51. The disclosure for this sale can be found here. Over the last three months, insiders sold 301,287 shares of company stock valued at $27,860,150. Corporate insiders own 0.45% of the company’s stock.

A number of analysts have issued reports on the company. Cowen lifted their price objective on Valero Energy from $70.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, September 28th. UBS Group reiterated a “neutral” rating and issued a $80.00 target price (up from $69.00) on shares of Valero Energy in a report on Wednesday, September 27th. Deutsche Bank reiterated a “hold” rating and issued a $73.00 target price (up from $65.00) on shares of Valero Energy in a report on Wednesday, September 20th. Zacks Investment Research cut Valero Energy from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Jefferies Group cut Valero Energy from a “buy” rating to a “hold” rating in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. Valero Energy presently has a consensus rating of “Hold” and a consensus target price of $81.41.

Valero Energy Co. (VLO) traded down $0.60 on Wednesday, hitting $96.15. The stock had a trading volume of 3,052,400 shares, compared to its average volume of 2,996,620. The company has a market cap of $43,090.00, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39. Valero Energy Co. has a 52-week low of $60.69 and a 52-week high of $97.55.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.08. The firm had revenue of $23.56 billion during the quarter, compared to analyst estimates of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 EPS. research analysts forecast that Valero Energy Co. will post 4.92 earnings per share for the current fiscal year.

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Valero Energy Company Profile

Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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