Field & Main Bank Cuts Position in Valero Energy Co. (NYSE:VLO)

Field & Main Bank lessened its position in shares of Valero Energy Co. (NYSE:VLO) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,615 shares of the oil and gas company’s stock after selling 210 shares during the quarter. Field & Main Bank’s holdings in Valero Energy were worth $608,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canton Hathaway LLC grew its holdings in Valero Energy by 83.5% during the 3rd quarter. Canton Hathaway LLC now owns 367 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 167 shares in the last quarter. FFT Wealth Management LLC purchased a new position in Valero Energy during the 2nd quarter valued at approximately $28,000. First Horizon Corp grew its holdings in Valero Energy by 222.2% during the 2nd quarter. First Horizon Corp now owns 464 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 320 shares in the last quarter. AGF Investments LLC purchased a new position in Valero Energy during the 2nd quarter valued at approximately $38,000. Finally, Capital Analysts LLC grew its holdings in Valero Energy by 99.3% during the 2nd quarter. Capital Analysts LLC now owns 534 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 266 shares in the last quarter. Institutional investors and hedge funds own 76.96% of the company’s stock.

In other news, CEO Joseph W. Gorder sold 26,750 shares of the business’s stock in a transaction on Monday, October 25th. The stock was sold at an average price of $82.33, for a total value of $2,202,327.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.35% of the company’s stock.

Shares of VLO traded up $0.40 during trading hours on Thursday, hitting $72.95. The company had a trading volume of 3,631,542 shares, compared to its average volume of 3,905,774. The company has a market capitalization of $29.82 billion, a PE ratio of -66.93, a price-to-earnings-growth ratio of 13.77 and a beta of 2.09. The company has a current ratio of 1.31, a quick ratio of 0.88 and a debt-to-equity ratio of 0.70. Valero Energy Co. has a one year low of $51.90 and a one year high of $84.95. The company’s fifty day moving average price is $74.90 and its two-hundred day moving average price is $73.12.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Wednesday, October 20th. The oil and gas company reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.30. The firm had revenue of $29.52 billion during the quarter, compared to analyst estimates of $24.55 billion. Valero Energy had a negative return on equity of 2.31% and a negative net margin of 0.46%. The business’s revenue for the quarter was up 86.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.16) EPS. Analysts forecast that Valero Energy Co. will post 1.25 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 9th. Stockholders of record on Thursday, November 18th will be given a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend is Wednesday, November 17th. Valero Energy’s payout ratio is -359.63%.

A number of brokerages have recently commented on VLO. Royal Bank of Canada lifted their target price on Valero Energy from $91.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, July 30th. Wells Fargo & Company lifted their target price on Valero Energy from $102.00 to $106.00 and gave the stock an “overweight” rating in a report on Monday, November 15th. Morgan Stanley began coverage on Valero Energy in a report on Tuesday, September 7th. They issued an “overweight” rating and a $80.00 target price for the company. Argus raised their price target on Valero Energy from $83.00 to $93.00 and gave the stock a “buy” rating in a research note on Tuesday, October 26th. Finally, Raymond James raised their price target on Valero Energy from $88.00 to $95.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 22nd. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Valero Energy presently has a consensus rating of “Buy” and an average target price of $88.71.

Valero Energy Company Profile

Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. It operates through the following business segments: Refining, Ethanol and Renewable Diesel. The Refining segment comprises of refining operations, associated marketing activities, and logistics assets that support its refining operations.

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

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