HighPoint Advisor Group LLC Has $1.29 Million Position in Valero Energy Corporation (VLO)

HighPoint Advisor Group LLC increased its stake in shares of Valero Energy Corporation (NYSE:VLO) by 134.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,774 shares of the oil and gas company’s stock after acquiring an additional 9,058 shares during the period. HighPoint Advisor Group LLC’s holdings in Valero Energy Corporation were worth $1,287,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. BKD Wealth Advisors LLC grew its holdings in Valero Energy Corporation by 0.4% during the second quarter. BKD Wealth Advisors LLC now owns 6,542 shares of the oil and gas company’s stock worth $441,000 after acquiring an additional 24 shares during the period. Brown Advisory Securities LLC boosted its position in Valero Energy Corporation by 0.7% during the first quarter. Brown Advisory Securities LLC now owns 3,815 shares of the oil and gas company’s stock worth $254,000 after purchasing an additional 25 shares in the last quarter. Eads & Heald Investment Counsel boosted its position in Valero Energy Corporation by 0.3% during the second quarter. Eads & Heald Investment Counsel now owns 8,420 shares of the oil and gas company’s stock worth $568,000 after purchasing an additional 25 shares in the last quarter. Ferguson Wellman Capital Management Inc. boosted its position in Valero Energy Corporation by 0.7% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 4,140 shares of the oil and gas company’s stock worth $279,000 after purchasing an additional 30 shares in the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in Valero Energy Corporation by 0.6% during the second quarter. Wetherby Asset Management Inc. now owns 6,067 shares of the oil and gas company’s stock worth $409,000 after purchasing an additional 38 shares in the last quarter. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Valero Energy Corporation (VLO) traded down $0.70 during trading on Tuesday, reaching $80.67. The company had a trading volume of 2,568,500 shares, compared to its average volume of 4,090,916. Valero Energy Corporation has a 52-week low of $60.35 and a 52-week high of $82.19. The stock has a market capitalization of $35,605.96, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91.

Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.08. Valero Energy Corporation had a return on equity of 9.87% and a net margin of 2.33%. The firm had revenue of $23.56 billion for the quarter, compared to the consensus estimate of $19.42 billion. During the same quarter last year, the business posted $1.24 earnings per share. The firm’s revenue was up 19.9% compared to the same quarter last year. equities analysts predict that Valero Energy Corporation will post 4.83 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given a dividend of $0.70 per share. The ex-dividend date is Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.47%. Valero Energy Corporation’s payout ratio is 60.48%.

In other Valero Energy Corporation news, Director Stephen M. Waters sold 1,600 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $78.87, for a total transaction of $126,192.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total value of $3,863,514.56. Following the sale, the chief financial officer now directly owns 67,413 shares of the company’s stock, valued at approximately $4,913,059.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,768 shares of company stock valued at $4,141,471. 0.45% of the stock is owned by insiders.

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A number of equities analysts have issued reports on the company. Scotiabank reiterated a “buy” rating and set a $84.00 price target on shares of Valero Energy Corporation in a research report on Tuesday. Evercore ISI upgraded Valero Energy Corporation from an “in-line” rating to an “outperform” rating in a research report on Thursday, November 2nd. Jefferies Group LLC downgraded Valero Energy Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Zacks Investment Research upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Monday, October 16th. Finally, Citigroup Inc. increased their price target on Valero Energy Corporation from $68.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company’s stock. Valero Energy Corporation has a consensus rating of “Hold” and a consensus target price of $77.96.

Valero Energy Corporation Company 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.

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

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