Rockefeller Capital Management L.P. Sells 29,086 Shares of Valero Energy Co. (NYSE:VLO)

Rockefeller Capital Management L.P. trimmed its position in Valero Energy Co. (NYSE:VLOGet Rating) by 36.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 50,034 shares of the oil and gas company’s stock after selling 29,086 shares during the period. Rockefeller Capital Management L.P.’s holdings in Valero Energy were worth $5,344,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale boosted its stake in shares of Valero Energy by 16.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 110,063 shares of the oil and gas company’s stock valued at $11,982,000 after purchasing an additional 15,605 shares in the last quarter. Parsons Capital Management Inc. RI grew its holdings in Valero Energy by 2.2% during the 3rd quarter. Parsons Capital Management Inc. RI now owns 5,231 shares of the oil and gas company’s stock worth $559,000 after acquiring an additional 115 shares during the last quarter. Avantax Advisory Services Inc. increased its position in Valero Energy by 13.8% in the 3rd quarter. Avantax Advisory Services Inc. now owns 22,091 shares of the oil and gas company’s stock valued at $2,360,000 after acquiring an additional 2,682 shares during the period. MidWestOne Financial Group Inc. raised its stake in shares of Valero Energy by 262.5% during the second quarter. MidWestOne Financial Group Inc. now owns 8,982 shares of the oil and gas company’s stock valued at $954,000 after acquiring an additional 6,504 shares during the last quarter. Finally, Whittier Trust Co. lifted its holdings in shares of Valero Energy by 2.6% during the third quarter. Whittier Trust Co. now owns 242,950 shares of the oil and gas company’s stock worth $25,958,000 after purchasing an additional 6,156 shares during the period. Institutional investors and hedge funds own 79.28% of the company’s stock.

Valero Energy Price Performance

VLO stock opened at $142.73 on Monday. Valero Energy Co. has a 1 year low of $75.04 and a 1 year high of $146.80. The stock has a market capitalization of $55.03 billion, a PE ratio of 6.09, a price-to-earnings-growth ratio of 1.16 and a beta of 1.63. The company’s 50-day moving average is $129.04 and its 200-day moving average is $119.66. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.32 and a quick ratio of 0.93.

Valero Energy (NYSE:VLOGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The oil and gas company reported $7.14 EPS 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 firm had revenue of $44.45 billion during the quarter, compared to analysts’ expectations of $41.16 billion. During the same quarter last year, the firm posted $1.22 earnings per share. The company’s revenue for the quarter was up 50.6% compared to the same quarter last year. Equities research analysts expect that Valero Energy Co. will post 28.09 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th were issued a dividend of $0.98 per share. The ex-dividend date was Wednesday, November 16th. This represents a $3.92 annualized dividend and a yield of 2.75%. Valero Energy’s payout ratio is 16.73%.

Insider Buying and Selling at Valero Energy

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. BMO Capital Markets raised Valero Energy from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $135.00 to $160.00 in a report on Tuesday, January 17th. Mizuho reiterated a “buy” rating and issued a $157.00 target price (up from $150.00) on shares of Valero Energy in a report on Tuesday, January 10th. Wells Fargo & Company raised their price target 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. Raymond James upped their price objective on shares of Valero Energy from $152.00 to $169.00 and gave the company a “strong-buy” rating in a research note on Friday, January 13th. Finally, Morgan Stanley lifted their target price on shares of Valero Energy from $140.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.80.

About Valero Energy

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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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