Advisor Partners LLC Sells 471 Shares of Valero Energy Co. (VLO)
Advisor Partners LLC trimmed its position in Valero Energy Co. (NYSE:VLO) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,730 shares of the oil and gas company’s stock after selling 471 shares during the period. Advisor Partners LLC’s holdings in Valero Energy were worth $1,419,000 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. Oregon Public Employees Retirement Fund increased its stake in shares of Valero Energy by 4,599.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,491,501 shares of the oil and gas company’s stock valued at $167,000 after acquiring an additional 12,225,706 shares during the last quarter. Norges Bank acquired a new position in shares of Valero Energy during the 4th quarter valued at about $346,427,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Valero Energy during the 4th quarter valued at about $91,065,000. Two Sigma Advisers LP increased its stake in shares of Valero Energy by 130.5% during the 4th quarter. Two Sigma Advisers LP now owns 1,378,059 shares of the oil and gas company’s stock valued at $103,313,000 after acquiring an additional 780,230 shares during the last quarter. Finally, Scout Investments Inc. acquired a new position in shares of Valero Energy during the 1st quarter valued at about $60,786,000. Institutional investors own 79.22% of the company’s stock.
VLO has been the subject of a number of research analyst reports. Macquarie raised shares of Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 price objective for the company in a research note on Friday, January 18th. Goldman Sachs Group raised shares of Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 price objective for the company in a research note on Friday, January 25th. Standpoint Research downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Valero Energy in a research note on Thursday, January 10th. Finally, Wolfe Research raised shares of Valero Energy from a “peer perform” rating to an “outperform” rating in a research note on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. Valero Energy currently has an average rating of “Buy” and a consensus target price of $113.32.
VLO opened at $90.28 on Wednesday. The company has a market cap of $37.87 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17. Valero Energy Co. has a 1 year low of $68.81 and a 1 year high of $126.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.65 and a quick ratio of 1.04.
Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, January 31st. The oil and gas company reported $2.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $1.09. The firm had revenue of $28.73 billion during the quarter, compared to the consensus estimate of $23.26 billion. Valero Energy had a net margin of 2.67% and a return on equity of 13.63%. On average, analysts expect that Valero Energy Co. will post 6.75 earnings per share for the current year.
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.
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