First Citizens Bank & Trust Co. lessened its holdings in Valero Energy Co. (NYSE:VLO) by 29.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,665 shares of the oil and gas company’s stock after selling 15,559 shares during the period. First Citizens Bank & Trust Co.’s holdings in Valero Energy were worth $3,461,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Putnam FL Investment Management Co. purchased a new stake in Valero Energy during the 3rd quarter worth approximately $1,910,000. Prudential Financial Inc. increased its stake in Valero Energy by 14.5% during the 3rd quarter. Prudential Financial Inc. now owns 3,251,977 shares of the oil and gas company’s stock worth $250,174,000 after buying an additional 411,630 shares in the last quarter. Clinton Group Inc. increased its stake in Valero Energy by 42.3% during the 2nd quarter. Clinton Group Inc. now owns 34,022 shares of the oil and gas company’s stock worth $2,295,000 after buying an additional 10,112 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Valero Energy by 2.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 366,000 shares of the oil and gas company’s stock worth $28,275,000 after buying an additional 7,200 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Valero Energy by 2.8% during the 2nd quarter. BlackRock Inc. now owns 39,298,010 shares of the oil and gas company’s stock worth $2,651,044,000 after buying an additional 1,080,617 shares in the last quarter. Hedge funds and other institutional investors own 81.31% of the company’s stock.
In related news, Director Philip J. Pfeiffer sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $81.42, for a total value of $122,130.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen M. Waters sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were 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 valued at $27,860,150 over the last 90 days. Company insiders own 0.45% of the company’s stock.
Valero Energy Co. (VLO) traded up $0.11 during mid-day trading on Wednesday, hitting $94.21. The stock had a trading volume of 1,553,991 shares, compared to its average volume of 3,161,533. 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 $41,670.00, a price-to-earnings ratio of 20.44, a PEG ratio of 1.47 and a beta of 1.20. Valero Energy Co. has a 1-year low of $60.69 and a 1-year high of $94.96.
Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.08. The business had revenue of $23.56 billion during the quarter, compared to analyst estimates 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 was up 19.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 earnings per share. equities research analysts forecast 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. Stockholders of record on Tuesday, November 21st were given a $0.70 dividend. The ex-dividend date was Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.97%. Valero Energy’s dividend payout ratio (DPR) is presently 60.74%.
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About Valero Energy
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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