LGT Capital Partners LTD. cut its stake in shares of Valero Energy Co. (NYSE:VLO) by 9.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 141,640 shares of the oil and gas company’s stock after selling 14,500 shares during the period. LGT Capital Partners LTD.’s holdings in Valero Energy were worth $12,015,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its stake in Valero Energy by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 18,834 shares of the oil and gas company’s stock valued at $1,412,000 after buying an additional 332 shares during the last quarter. Private Trust Co. NA grew its position in shares of Valero Energy by 26.6% during the 4th quarter. Private Trust Co. NA now owns 3,936 shares of the oil and gas company’s stock valued at $295,000 after acquiring an additional 826 shares during the period. First National Trust Co grew its position in shares of Valero Energy by 11.2% during the 4th quarter. First National Trust Co now owns 102,704 shares of the oil and gas company’s stock valued at $7,699,000 after acquiring an additional 10,323 shares during the period. Sumitomo Life Insurance Co. grew its position in shares of Valero Energy by 2.5% during the 4th quarter. Sumitomo Life Insurance Co. now owns 13,961 shares of the oil and gas company’s stock valued at $1,047,000 after acquiring an additional 337 shares during the period. Finally, Boston Advisors LLC grew its position in shares of Valero Energy by 1.4% during the 4th quarter. Boston Advisors LLC now owns 159,715 shares of the oil and gas company’s stock valued at $11,974,000 after acquiring an additional 2,252 shares during the period. Institutional investors and hedge funds own 79.20% of the company’s stock.
A number of equities research analysts have recently issued reports on VLO shares. Argus set a $110.00 price objective on shares of Valero Energy and gave the company a “buy” rating in a research report on Tuesday, February 5th. Standpoint Research downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Zacks Investment Research raised shares of Valero Energy from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 5th. Goldman Sachs Group raised shares of Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 price objective for the company in a research report on Friday, January 25th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Valero Energy in a research report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. Valero Energy currently has a consensus rating of “Buy” and a consensus target price of $113.32.
Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, January 31st. The oil and gas company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.03 by $1.09. The company had revenue of $28.73 billion during the quarter, compared to the consensus estimate of $23.26 billion. Valero Energy had a net margin of 2.67% and a return on equity of 13.63%. Analysts forecast that Valero Energy Co. will post 6.88 EPS for the current year.
In other news, Director Stephen M. Waters bought 500 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was bought at an average price of $84.97 per share, with a total value of $42,485.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.38% of the company’s stock.
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Valero Energy Company 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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