Engineers Gate Manager LP Reduces Position in Valero Energy Corporation (VLO)

Engineers Gate Manager LP lowered its position in Valero Energy Corporation (NYSE:VLO) by 42.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,765 shares of the oil and gas company’s stock after selling 19,832 shares during the period. Engineers Gate Manager LP’s holdings in Valero Energy were worth $2,059,000 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. Willingdon Wealth Management acquired a new position in Valero Energy in the third quarter worth approximately $100,000. Cable Hill Partners LLC increased its holdings in Valero Energy by 1,015.3% in the third quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock worth $101,000 after buying an additional 1,198 shares during the last quarter. First Personal Financial Services increased its holdings in Valero Energy by 13.6% in the second quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock worth $110,000 after buying an additional 196 shares during the last quarter. San Francisco Sentry Investment Group CA increased its holdings in Valero Energy by 2,272.1% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock worth $112,000 after buying an additional 1,386 shares during the last quarter. Finally, Ffcm LLC increased its holdings in Valero Energy by 189.4% in the second quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock worth $128,000 after buying an additional 1,231 shares during the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

A number of equities analysts recently commented on the company. Piper Jaffray Companies restated a “hold” rating and issued a $78.00 price objective on shares of Valero Energy in a report on Friday, November 17th. Citigroup increased their price target on Valero Energy from $68.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Jefferies Group downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Monday, October 16th. US Capital Advisors downgraded Valero Energy from an “overweight” rating to a “hold” rating in a report on Thursday, August 17th. Finally, Cowen reiterated a “buy” rating and set a $90.00 price target on shares of Valero Energy in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $79.28.

In other news, CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen M. Waters sold 656 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $75.86, for a total value of $49,764.16. The disclosure for this sale can be found here. Insiders sold 56,768 shares of company stock valued at $4,161,601 over the last three months. 0.45% of the stock is owned by company insiders.

Valero Energy Corporation (NYSE:VLO) traded up $2.01 on Friday, hitting $87.60. The stock had a trading volume of 3,516,864 shares, compared to its average volume of 3,095,900. Valero Energy Corporation has a 12 month low of $60.69 and a 12 month high of $87.73. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $37,452.55, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.75 and a beta of 1.20.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.08. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The company had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $19.42 billion. During the same period in the prior year, the business earned $1.24 earnings per share. Valero Energy’s revenue for the quarter was up 19.9% compared to the same quarter last year. equities research analysts anticipate that Valero Energy Corporation will post 4.9 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.20%. Valero Energy’s dividend payout ratio is 60.48%.

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Valero Energy 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.

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

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