Gulf International Bank UK Ltd cut its stake in shares of Valero Energy Co. (NYSE:VLO) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 140,943 shares of the oil and gas company’s stock after selling 3,980 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Valero Energy were worth $12,954,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of VLO. Willingdon Wealth Management bought a new position in shares of Valero Energy during the third quarter valued at $100,000. Cable Hill Partners LLC increased its holdings in shares of Valero Energy by 1,015.3% during the third quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after acquiring an additional 1,198 shares in the last quarter. San Francisco Sentry Investment Group CA increased its holdings in shares of Valero Energy by 2,272.1% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock valued at $112,000 after acquiring an additional 1,386 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Valero Energy by 300.6% during the third quarter. Chicago Partners Investment Group LLC now owns 1,863 shares of the oil and gas company’s stock valued at $143,000 after acquiring an additional 1,398 shares in the last quarter. Finally, Fieldpoint Private Securities LLC bought a new position in shares of Valero Energy during the third quarter valued at $160,000. Hedge funds and other institutional investors own 81.34% of the company’s stock.
VLO has been the subject of several analyst reports. JPMorgan Chase & Co. downgraded Valero Energy from an “overweight” rating to a “neutral” rating and raised their price target for the company from $75.00 to $78.00 in a report on Friday, October 6th. Cowen raised their price target on Valero Energy from $70.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, September 28th. Barclays increased their price objective on Valero Energy from $86.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, November 14th. ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, UBS Group reaffirmed a “neutral” rating and set a $80.00 price objective (up from $69.00) on shares of Valero Energy in a research report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. Valero Energy presently has a consensus rating of “Hold” and a consensus price target of $81.41.
Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.08. The business had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period last year, the firm posted $1.24 earnings per share. research analysts anticipate that Valero Energy Co. will post 4.92 earnings per share for the current fiscal year.
In other Valero Energy news, Director Philip J. Pfeiffer sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $81.42, for a total value of $122,130.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen M. Waters sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $78.87, for a total value of $126,192.00. The disclosure for this sale can be found here. Insiders sold 301,287 shares of company stock worth $27,860,150 over the last three months. Insiders own 0.45% of the company’s stock.
Valero Energy 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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