Pegasus Partners Ltd. Decreases Position in Valero Energy Co. (NYSE:VLO)

Pegasus Partners Ltd. decreased its stake in Valero Energy Co. (NYSE:VLO) by 17.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 15,276 shares of the oil and gas company’s stock after selling 3,119 shares during the quarter. Pegasus Partners Ltd.’s holdings in Valero Energy were worth $1,308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisory Alpha LLC purchased a new position in Valero Energy in the first quarter valued at about $27,000. Archford Capital Strategies LLC boosted its holdings in Valero Energy by 122.7% in the second quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 200 shares during the last quarter. Covenant Multifamily Offices LLC purchased a new position in Valero Energy in the first quarter valued at about $36,000. First Manhattan Co. boosted its holdings in Valero Energy by 47.1% in the first quarter. First Manhattan Co. now owns 453 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 145 shares during the last quarter. Finally, NuWave Investment Management LLC boosted its holdings in Valero Energy by 1,107.7% in the second quarter. NuWave Investment Management LLC now owns 471 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 432 shares during the last quarter. 77.21% of the stock is owned by institutional investors.

VLO has been the subject of a number of analyst reports. Morgan Stanley increased their price target on Valero Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Goldman Sachs Group raised Valero Energy from a “neutral” rating to a “buy” rating and reduced their price target for the company from $96.00 to $92.00 in a report on Thursday, June 6th. Wells Fargo & Co set a $107.00 price target on Valero Energy and gave the company a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. raised Valero Energy from a “neutral” rating to an “overweight” rating and increased their price target for the company from $102.00 to $105.00 in a report on Tuesday, May 14th. Finally, Royal Bank of Canada set a $98.00 price target on Valero Energy and gave the company a “buy” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. Valero Energy currently has an average rating of “Buy” and an average target price of $105.47.

NYSE VLO traded up $0.09 on Friday, hitting $78.85. 3,311,129 shares of the stock traded hands, compared to its average volume of 3,120,688. The company has a 50-day moving average price of $82.83. Valero Energy Co. has a twelve month low of $68.81 and a twelve month high of $122.42. The stock has a market capitalization of $32.86 billion, a P/E ratio of 10.70, a P/E/G ratio of 1.84 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.14. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. The firm had revenue of $28.93 billion for the quarter, compared to analysts’ expectations of $25.45 billion. During the same quarter in the prior year, the firm posted $2.15 earnings per share. Valero Energy’s revenue for the quarter was down 6.7% compared to the same quarter last year. Research analysts expect that Valero Energy Co. will post 5.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 6th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.57%. The ex-dividend date is Monday, August 5th. Valero Energy’s payout ratio is currently 48.85%.

Valero Energy Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.

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

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