Park Avenue Securities LLC Buys Shares of 2,655 Valero Energy Corporation (VLO)

Park Avenue Securities LLC bought a new stake in shares of Valero Energy Corporation (NYSE:VLO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,655 shares of the oil and gas company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BKD Wealth Advisors LLC lifted its position in Valero Energy Corporation by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 6,542 shares of the oil and gas company’s stock worth $441,000 after buying an additional 24 shares during the last quarter. Eads & Heald Investment Counsel lifted its position in Valero Energy Corporation by 0.3% in the second quarter. Eads & Heald Investment Counsel now owns 8,420 shares of the oil and gas company’s stock worth $568,000 after buying an additional 25 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its position in Valero Energy Corporation by 0.7% in 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 buying an additional 30 shares during the last quarter. Wetherby Asset Management Inc. lifted its position in Valero Energy Corporation by 0.6% in the second quarter. Wetherby Asset Management Inc. now owns 6,067 shares of the oil and gas company’s stock worth $409,000 after buying an additional 38 shares during the last quarter. Finally, Capital Wealth Planning LLC lifted its position in Valero Energy Corporation by 1.1% in the second quarter. Capital Wealth Planning LLC now owns 4,045 shares of the oil and gas company’s stock worth $273,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 81.75% of the company’s stock.

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In other news, 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 transaction of $3,863,514.56. Following the transaction, the chief financial officer now owns 67,413 shares in the company, valued at $4,913,059.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen M. Waters sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total value of $102,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,268 shares of company stock worth $4,263,601. Insiders own 0.45% of the company’s stock.

A number of analysts recently issued reports on VLO shares. Zacks Investment Research downgraded Valero Energy Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Royal Bank Of Canada restated a “buy” rating and issued a $77.00 price target on shares of Valero Energy Corporation in a research report on Thursday, August 31st. BidaskClub downgraded Valero Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Citigroup Inc. raised 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. Finally, Macquarie reiterated a “neutral” rating on shares of Valero Energy Corporation in a research note on Monday, October 23rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $79.28.

Valero Energy Corporation (VLO) traded down $1.45 during mid-day trading on Thursday, reaching $82.35. The company’s stock had a trading volume of 3,271,700 shares, compared to its average volume of 4,067,806. 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 has a twelve month low of $60.35 and a twelve month high of $84.00. The stock has a market capitalization of $36,669.29, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 1.74 and a beta of 1.17.

Valero Energy Corporation (NYSE:VLO) last released its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $23.56 billion for the quarter, compared to analyst estimates of $19.42 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The business’s revenue was up 19.9% compared to the same quarter last year. equities research analysts forecast that Valero Energy Corporation will post 4.83 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.40%. Valero Energy Corporation’s dividend payout ratio is currently 60.48%.

Valero Energy Corporation 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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