Creative Financial Designs Inc. ADV Reduces Stock Position in Valero Energy Co. (NYSE:VLO)

Creative Financial Designs Inc. ADV cut its stake in Valero Energy Co. (NYSE:VLOGet Rating) by 33.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 400 shares of the oil and gas company’s stock after selling 200 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Valero Energy were worth $43,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Atria Investments LLC grew its holdings in Valero Energy by 2.9% during the 3rd quarter. Atria Investments LLC now owns 47,168 shares of the oil and gas company’s stock valued at $5,040,000 after buying an additional 1,338 shares in the last quarter. Smith Salley & Associates grew its stake in Valero Energy by 11.9% during the third quarter. Smith Salley & Associates now owns 3,362 shares of the oil and gas company’s stock valued at $359,000 after acquiring an additional 357 shares in the last quarter. Mitchell & Pahl Private Wealth LLC increased its holdings in Valero Energy by 6.1% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 11,774 shares of the oil and gas company’s stock worth $1,258,000 after acquiring an additional 674 shares during the period. Avalon Investment & Advisory increased its holdings in Valero Energy by 0.5% during the 3rd quarter. Avalon Investment & Advisory now owns 166,349 shares of the oil and gas company’s stock worth $17,774,000 after acquiring an additional 896 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Valero Energy by 7.2% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 264,802 shares of the oil and gas company’s stock worth $28,294,000 after acquiring an additional 17,823 shares during the period. 79.28% of the stock is currently owned by institutional investors.

Valero Energy Stock Performance

Valero Energy stock opened at $136.13 on Tuesday. The firm has a fifty day simple moving average of $128.49 and a two-hundred day simple moving average of $118.72. Valero Energy Co. has a twelve month low of $75.04 and a twelve month high of $146.80. The company has a market capitalization of $52.48 billion, a PE ratio of 5.81, a P/E/G ratio of 1.18 and a beta of 1.63. The company has a quick ratio of 0.93, a current ratio of 1.32 and a debt-to-equity ratio of 0.45.

Valero Energy (NYSE:VLOGet Rating) last released its earnings results on Tuesday, October 25th. The oil and gas company reported $7.14 earnings per share for the quarter, beating analysts’ consensus estimates of $7.00 by $0.14. Valero Energy had a return on equity of 43.20% and a net margin of 5.53%. The company had revenue of $44.45 billion during the quarter, compared to analyst estimates of $41.16 billion. During the same quarter in the previous year, the company posted $1.22 EPS. Valero Energy’s revenue for the quarter was up 50.6% on a year-over-year basis. Research analysts expect that Valero Energy Co. will post 27.89 EPS for the current year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Wednesday, November 16th. Valero Energy’s dividend payout ratio is 16.73%.

Insider Buying and Selling

In other Valero Energy news, CEO Joseph W. Gorder sold 37,567 shares of the stock in a transaction on Friday, October 28th. The shares were sold at an average price of $127.00, for a total transaction of $4,771,009.00. Following the completion of the sale, the chief executive officer now owns 569,786 shares of the company’s stock, valued at approximately $72,362,822. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Valero Energy news, CEO Joseph W. Gorder sold 37,567 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $127.00, for a total transaction of $4,771,009.00. Following the completion of the transaction, the chief executive officer now owns 569,786 shares of the company’s stock, valued at approximately $72,362,822. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gary K. Simmons sold 1,750 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $135.16, for a total value of $236,530.00. Following the completion of the sale, the executive vice president now owns 165,299 shares of the company’s stock, valued at approximately $22,341,812.84. The disclosure for this sale can be found here. 0.04% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VLO. Piper Sandler decreased their target price on shares of Valero Energy from $177.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, December 19th. StockNews.com raised shares of Valero Energy from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 10th. Mizuho reaffirmed a “buy” rating and set a $157.00 target price (up previously from $150.00) on shares of Valero Energy in a report on Tuesday, January 10th. Wells Fargo & Company upped their target price on shares of Valero Energy from $137.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 5th. Finally, Jefferies Financial Group initiated coverage on shares of Valero Energy in a report on Wednesday, October 19th. They issued a “buy” rating and a $147.00 price target on the stock. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $141.50.

Valero Energy Company Profile

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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 consists 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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