Valero Energy Corporation $VLO Shares Sold by Motco

Motco reduced its stake in Valero Energy Corporation (NYSE:VLOFree Report) by 94.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,281 shares of the oil and gas company’s stock after selling 22,532 shares during the period. Motco’s holdings in Valero Energy were worth $209,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Sierra Summit Advisors LLC increased its holdings in Valero Energy by 2,325.2% in the 4th quarter. Sierra Summit Advisors LLC now owns 36,378 shares of the oil and gas company’s stock valued at $5,922,000 after purchasing an additional 34,878 shares during the last quarter. Leonteq Securities AG purchased a new position in shares of Valero Energy during the fourth quarter worth $2,606,000. ABN Amro Investment Solutions acquired a new stake in shares of Valero Energy in the fourth quarter valued at $2,623,000. IFP Advisors Inc grew its stake in shares of Valero Energy by 46.8% in the fourth quarter. IFP Advisors Inc now owns 3,651 shares of the oil and gas company’s stock valued at $594,000 after buying an additional 1,164 shares in the last quarter. Finally, Providence Wealth Advisors LLC raised its holdings in shares of Valero Energy by 0.5% in the 4th quarter. Providence Wealth Advisors LLC now owns 9,610 shares of the oil and gas company’s stock valued at $1,564,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy News Summary

Here are the key news stories impacting Valero Energy this week:

Insider Transactions at Valero Energy

In other Valero Energy news, SVP Eric A. Fisher sold 8,311 shares of Valero Energy stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $227.69, for a total transaction of $1,892,331.59. Following the transaction, the senior vice president owned 42,242 shares of the company’s stock, valued at $9,618,080.98. The trade was a 16.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.36% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. BMO Capital Markets raised their target price on Valero Energy from $230.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Raymond James Financial increased their price target on shares of Valero Energy from $215.00 to $290.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, March 25th. Scotiabank raised their price objective on shares of Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Citigroup lifted their price objective on shares of Valero Energy from $246.00 to $259.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Wells Fargo & Company increased their target price on shares of Valero Energy from $220.00 to $292.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and an average target price of $237.94.

Read Our Latest Stock Report on VLO

Valero Energy Stock Down 5.1%

Shares of NYSE:VLO opened at $240.91 on Friday. The firm has a 50 day simple moving average of $241.58 and a 200-day simple moving average of $204.24. Valero Energy Corporation has a twelve month low of $125.10 and a twelve month high of $263.75. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $71.53 billion, a PE ratio of 17.51, a P/E/G ratio of 0.37 and a beta of 0.58.

Valero Energy (NYSE:VLOGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, topping the consensus estimate of $3.16 by $1.06. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The firm had revenue of $32.38 billion for the quarter, compared to analyst estimates of $31.38 billion. During the same period last year, the business earned $0.89 EPS. Valero Energy’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts predict that Valero Energy Corporation will post 26.51 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Thursday, May 21st will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, May 21st. Valero Energy’s dividend payout ratio (DPR) is currently 34.88%.

About Valero Energy

(Free Report)

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.

Recommended Stories

Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Corporation (NYSE:VLOFree Report).

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

Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.