E&G Advisors LP increased its position in shares of Valero Energy Co. (NYSE:VLO) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,700 shares of the oil and gas company’s stock after buying an additional 600 shares during the quarter. E&G Advisors LP’s holdings in Valero Energy were worth $577,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the business. Truvestments Capital LLC acquired a new stake in Valero Energy during the 3rd quarter worth approximately $101,000. Honkamp Krueger Financial Services Inc. bought a new position in shares of Valero Energy in the 3rd quarter valued at $135,000. IMS Capital Management bought a new stake in Valero Energy during the 3rd quarter worth $139,000. Reilly Financial Advisors LLC grew its position in Valero Energy by 1,164.4% during the 3rd quarter. Reilly Financial Advisors LLC now owns 1,315 shares of the oil and gas company’s stock worth $150,000 after acquiring an additional 1,211 shares during the last quarter. Finally, Gradient Investments LLC grew its position in Valero Energy by 68.1% during the 3rd quarter. Gradient Investments LLC now owns 1,353 shares of the oil and gas company’s stock worth $154,000 after acquiring an additional 548 shares during the last quarter. Hedge funds and other institutional investors own 78.11% of the company’s stock.
A number of research analysts have recently issued reports on the company. Goldman Sachs Group downgraded Valero Energy from a “neutral” rating to a “sell” rating in a research note on Friday, October 19th. Morgan Stanley decreased their price objective on Valero Energy from $145.00 to $135.00 and set a “buy” rating for the company in a report on Monday, October 29th. Credit Suisse Group raised Valero Energy from a “neutral” rating to an “outperform” rating and reduced their target price for the company from $135.00 to $120.00 in a report on Thursday, November 1st. Mizuho set a $110.00 target price on Valero Energy and gave the company a “hold” rating in a report on Wednesday, November 28th. Finally, Citigroup reduced their price objective on Valero Energy from $134.00 to $132.00 and set a “buy” rating for the company in a report on Tuesday, October 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $117.29.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.95 by $0.06. The company had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $31.82 billion. Valero Energy had a net margin of 3.96% and a return on equity of 11.90%. As a group, sell-side analysts expect that Valero Energy Co. will post 6.17 EPS for the current year.
In other news, Director Randall J. Weisenburger bought 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 11th. The stock was bought at an average price of $72.74 per share, with a total value of $1,818,500.00. Following the completion of the transaction, the director now directly owns 53,717 shares of the company’s stock, valued at approximately $3,907,374.58. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by company insiders.
Valero Energy Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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