Hanson & Doremus Investment Management lessened its stake in shares of Valero Energy Co. (NYSE:VLO) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 29,034 shares of the oil and gas company’s stock after selling 715 shares during the period. Valero Energy makes up approximately 0.8% of Hanson & Doremus Investment Management’s holdings, making the stock its 25th largest holding. Hanson & Doremus Investment Management’s holdings in Valero Energy were worth $2,719,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Nuveen Asset Management LLC boosted its stake in Valero Energy by 15,904.0% during the second quarter. Nuveen Asset Management LLC now owns 3,352,516 shares of the oil and gas company’s stock worth $287,009,000 after buying an additional 3,331,568 shares during the period. Boston Partners boosted its stake in Valero Energy by 26.0% during the third quarter. Boston Partners now owns 7,169,172 shares of the oil and gas company’s stock worth $611,881,000 after buying an additional 1,479,616 shares during the period. Invesco Ltd. boosted its stake in Valero Energy by 67.6% during the second quarter. Invesco Ltd. now owns 2,523,796 shares of the oil and gas company’s stock worth $216,062,000 after buying an additional 1,017,717 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Valero Energy by 313.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,267,446 shares of the oil and gas company’s stock worth $108,036,000 after buying an additional 960,653 shares during the period. Finally, BlackRock Inc. boosted its stake in Valero Energy by 2.7% during the second quarter. BlackRock Inc. now owns 34,645,065 shares of the oil and gas company’s stock worth $2,965,964,000 after buying an additional 896,211 shares during the period. Institutional investors own 75.65% of the company’s stock.

In other Valero Energy news, CEO Joseph W. Gorder sold 21,400 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $95.57, for a total value of $2,045,198.00. Following the completion of the transaction, the chief executive officer now directly owns 424,917 shares in the company, valued at $40,609,317.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.38% of the stock is owned by insiders.

A number of brokerages have recently issued reports on VLO. Goldman Sachs Group set a $104.00 target price on shares of Valero Energy and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Co boosted their price objective on shares of Valero Energy from $108.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Barclays assumed coverage on shares of Valero Energy in a research note on Tuesday. They issued an “overweight” rating and a $116.00 target price on the stock. Royal Bank of Canada set a $99.00 target price on shares of Valero Energy and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, ValuEngine raised shares of Valero Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. Valero Energy has a consensus rating of “Buy” and an average target price of $103.02.

VLO stock traded down $0.82 during trading on Thursday, hitting $92.25. 42,796 shares of the company’s stock traded hands, compared to its average volume of 2,612,743. The firm has a market capitalization of $37.89 billion, a P/E ratio of 12.49, a PEG ratio of 1.24 and a beta of 1.46. The business has a fifty day simple moving average of $94.31 and a two-hundred day simple moving average of $88.15. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.42. Valero Energy Co. has a 1 year low of $69.44 and a 1 year high of $101.99.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.13. The business had revenue of $27.25 billion for the quarter, compared to the consensus estimate of $25.93 billion. Valero Energy had a return on equity of 10.37% and a net margin of 2.12%. The business’s revenue was down 11.7% compared to the same quarter last year. During the same period last year, the business posted $2.01 EPS. On average, equities research analysts predict that Valero Energy Co. will post 5.01 EPS for the current fiscal year.

Valero Energy Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.

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

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