Valero Energy Co. (VLO) Position Decreased by Winch Advisory Services LLC
Winch Advisory Services LLC reduced its stake in shares of Valero Energy Co. (NYSE:VLO) by 3.6% during the fourth quarter, HoldingsChannel reports. The firm owned 25,607 shares of the oil and gas company’s stock after selling 946 shares during the period. Valero Energy accounts for about 1.1% of Winch Advisory Services LLC’s portfolio, making the stock its 25th biggest position. Winch Advisory Services LLC’s holdings in Valero Energy were worth $1,920,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in VLO. Strategic Wealth Partners Ltd. increased its stake in Valero Energy by 876.2% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 410 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 368 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new position in Valero Energy in the 4th quarter worth about $46,000. Baystate Wealth Management LLC increased its stake in Valero Energy by 51.4% in the 4th quarter. Baystate Wealth Management LLC now owns 642 shares of the oil and gas company’s stock worth $53,000 after purchasing an additional 218 shares in the last quarter. First Mercantile Trust Co. increased its stake in Valero Energy by 66.0% in the 4th quarter. First Mercantile Trust Co. now owns 780 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 310 shares in the last quarter. Finally, We Are One Seven LLC purchased a new position in Valero Energy in the 4th quarter worth about $63,000. 80.90% of the stock is currently owned by hedge funds and other institutional investors.
VLO has been the topic of a number of analyst reports. Goldman Sachs Group cut Valero Energy from a “neutral” rating to a “sell” rating in a research note on Friday, October 19th. Morgan Stanley dropped their price target on Valero Energy from $145.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Macquarie upgraded Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 price objective for the company in a research report on Friday, January 18th. Mizuho set a $110.00 price objective on Valero Energy and gave the stock a “hold” rating in a research report on Wednesday, November 28th. Finally, Credit Suisse Group upgraded Valero Energy from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $135.00 to $120.00 in a research report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $112.01.
Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, January 31st. The oil and gas company reported $2.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $1.09. The business had revenue of $28.73 billion during the quarter, compared to analyst estimates of $23.26 billion. Valero Energy had a return on equity of 13.60% and a net margin of 2.67%. As a group, equities research analysts predict that Valero Energy Co. will post 7.48 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 5th. Stockholders of record on Wednesday, February 13th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.27%. This is a positive change from Valero Energy’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Tuesday, February 12th. Valero Energy’s payout ratio is currently 43.42%.
In other news, Director Randall J. Weisenburger purchased 25,000 shares of Valero Energy stock in a transaction dated Tuesday, December 11th. The stock was acquired at an average cost of $72.74 per share, for a total transaction of $1,818,500.00. Following the acquisition, the director now directly owns 53,717 shares in the company, valued at $3,907,374.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is owned by insiders.
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Valero Energy Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
Further Reading: What is the Ex-Dividend Date in Investing?
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