Valero Energy Co. (NYSE:VLO) Position Trimmed by Narwhal Capital Management

Narwhal Capital Management lessened its holdings in shares of Valero Energy Co. (NYSE:VLO) by 9.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,208 shares of the oil and gas company’s stock after selling 4,209 shares during the quarter. Narwhal Capital Management’s holdings in Valero Energy were worth $3,528,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in VLO. Millennium Management LLC raised its holdings in shares of Valero Energy by 125.1% in the fourth quarter. Millennium Management LLC now owns 22,233 shares of the oil and gas company’s stock worth $1,667,000 after buying an additional 110,674 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Valero Energy by 9.1% in the first quarter. Valeo Financial Advisors LLC now owns 1,384 shares of the oil and gas company’s stock worth $117,000 after buying an additional 116 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Valero Energy in the first quarter worth $70,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Valero Energy in the first quarter worth $2,423,000. Finally, First Manhattan Co. raised its holdings in shares of Valero Energy by 47.1% in the first quarter. First Manhattan Co. now owns 453 shares of the oil and gas company’s stock worth $38,000 after buying an additional 145 shares during the last quarter. 77.21% of the stock is currently owned by institutional investors.

A number of research firms have issued reports on VLO. Royal Bank of Canada set a $98.00 price target on shares of Valero Energy and gave the stock a “buy” rating in a report on Friday, July 26th. ValuEngine cut shares of Valero Energy from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Morgan Stanley raised their target price on shares of Valero Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Raymond James raised their target price on shares of Valero Energy from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Wells Fargo & Co set a $107.00 target price on shares of Valero Energy and gave the stock a “buy” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $105.47.

Shares of Valero Energy stock traded up $0.09 during trading on Friday, hitting $78.85. 3,311,129 shares of the company’s stock were exchanged, compared to its average volume of 3,120,688. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.42. The firm’s 50-day simple moving average is $82.83. Valero Energy Co. has a 52-week low of $68.81 and a 52-week high of $122.42. The company has a market cap of $32.86 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 1.84 and a beta of 1.48.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $1.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.14. The company had revenue of $28.93 billion for the quarter, compared to analyst estimates of $25.45 billion. Valero Energy had a net margin of 2.27% and a return on equity of 11.31%. The firm’s revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the business earned $2.15 earnings per share. Sell-side analysts forecast that Valero Energy Co. will post 5.34 EPS for the current year.

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

About Valero Energy

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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