Valero Energy Co. (VLO) Stake Lowered by Fruth Investment Management

Fruth Investment Management reduced its holdings in Valero Energy Co. (NYSE:VLO) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,750 shares of the oil and gas company’s stock after selling 600 shares during the quarter. Fruth Investment Management’s holdings in Valero Energy were worth $2,090,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VLO. Willingdon Wealth Management purchased a new position in Valero Energy in the 3rd quarter valued at approximately $100,000. Cable Hill Partners LLC increased its stake in Valero Energy by 1,015.3% in the 3rd quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 1,198 shares in the last quarter. San Francisco Sentry Investment Group CA increased its stake in Valero Energy by 2,272.1% in the 3rd 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 purchasing an additional 1,386 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in Valero Energy by 300.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,863 shares of the oil and gas company’s stock valued at $143,000 after purchasing an additional 1,398 shares in the last quarter. Finally, Fieldpoint Private Securities LLC purchased a new position in Valero Energy in the 3rd quarter valued at approximately $160,000. 81.31% of the stock is owned by hedge funds and other institutional investors.

VLO has been the subject of several research analyst reports. Zacks Investment Research raised Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Monday, October 16th. Citigroup raised their price objective on Valero Energy from $68.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Cowen reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Valero Energy in a research note on Friday, November 3rd. Scotiabank reaffirmed a “buy” rating and issued a $84.00 price objective on shares of Valero Energy in a research note on Tuesday, November 14th. Finally, ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $81.41.

Valero Energy Co. (NYSE VLO) traded up $0.26 during trading on Tuesday, reaching $94.48. The company’s stock had a trading volume of 1,813,542 shares, compared to its average volume of 3,016,860. 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 stock has a market capitalization of $41,660.00, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20. Valero Energy Co. has a one year low of $60.69 and a one year high of $94.37.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.08. The company had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. Valero Energy’s revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 earnings per share. research analysts anticipate that Valero Energy Co. will post 5 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.96%. The ex-dividend date was Monday, November 20th. Valero Energy’s payout ratio is 60.74%.

In other news, CFO Michael S. Ciskowski sold 251,530 shares of Valero Energy stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $93.29, for a total value of $23,465,233.70. Following the completion of the sale, the chief financial officer now owns 309,119 shares of the company’s stock, valued at $28,837,711.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Michael S. Ciskowski sold 45,657 shares of Valero Energy stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $88.91, for a total value of $4,059,363.87. Following the completion of the sale, the chief financial officer now directly owns 57,589 shares of the company’s stock, valued at approximately $5,120,237.99. The disclosure for this sale can be found here. Insiders have sold 301,287 shares of company stock valued at $27,860,150 in the last three months. 0.45% of the stock is currently owned by company insiders.

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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.

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

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