Valero Energy Co. (VLO) Shares Bought by Pegasus Partners Ltd.
Pegasus Partners Ltd. lifted its holdings in shares of Valero Energy Co. (NYSE:VLO) by 34.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,208 shares of the oil and gas company’s stock after buying an additional 3,880 shares during the period. Pegasus Partners Ltd.’s holdings in Valero Energy were worth $1,398,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of VLO. Willingdon Wealth Management acquired a new position in shares of Valero Energy during the 3rd quarter worth $100,000. Cable Hill Partners LLC raised its holdings in shares of Valero Energy by 1,015.3% during the 3rd quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock worth $101,000 after buying an additional 1,198 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Valero Energy by 211.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the oil and gas company’s stock worth $108,000 after buying an additional 799 shares in the last quarter. San Francisco Sentry Investment Group CA raised its holdings in shares of Valero Energy by 2,272.1% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock worth $112,000 after buying an additional 1,386 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Valero Energy during the 4th quarter worth $135,000. 81.03% of the stock is owned by institutional investors.
A number of equities analysts have recently commented on the company. Citigroup boosted their price target on Valero Energy from $76.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Bank of America upped their target price on Valero Energy from $102.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $98.00 target price on shares of Valero Energy in a report on Monday, January 22nd. Cowen reaffirmed a “buy” rating and issued a $100.00 target price on shares of Valero Energy in a report on Thursday, February 1st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $110.00 target price on shares of Valero Energy in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company’s stock. Valero Energy presently has an average rating of “Hold” and a consensus target price of $89.06.
Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.08 by $0.08. Valero Energy had a return on equity of 10.55% and a net margin of 4.33%. The company had revenue of $26.39 billion for the quarter, compared to analyst estimates of $23.02 billion. During the same quarter in the prior year, the company earned $0.81 EPS. The firm’s revenue for the quarter was up 27.4% compared to the same quarter last year. research analysts forecast that Valero Energy Co. will post 7.19 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th will be given a dividend of $0.80 per share. This is a positive change from Valero Energy’s previous quarterly dividend of $0.70. The ex-dividend date is Monday, February 12th. This represents a $3.20 annualized dividend and a dividend yield of 3.58%. Valero Energy’s dividend payout ratio is presently 34.63%.
Valero Energy declared that its Board of Directors has initiated a stock repurchase program on Tuesday, January 23rd that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the oil and gas company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
In other Valero Energy news, Director Stephen M. Waters sold 1,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $87.23, for a total value of $87,230.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael S. Ciskowski sold 45,657 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $88.91, for a total value of $4,059,363.87. Following the completion of the transaction, the chief financial officer now owns 57,589 shares in the company, valued at approximately $5,120,237.99. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 298,187 shares of company stock worth $27,611,828. 0.45% of the stock is owned by corporate insiders.
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Valero Energy 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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