Valero Energy Corporation (VLO) Shares Sold by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC cut its position in Valero Energy Corporation (NYSE:VLO) by 28.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,015 shares of the oil and gas company’s stock after selling 5,170 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Valero Energy Corporation were worth $1,001,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Willingdon Wealth Management acquired a new position in Valero Energy Corporation in the 3rd quarter valued at $100,000. Cable Hill Partners LLC boosted its holdings in Valero Energy Corporation by 1,015.3% in the 3rd quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 1,198 shares during the period. Independent Portfolio Consultants Inc. boosted its holdings in Valero Energy Corporation by 62.2% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock valued at $109,000 after purchasing an additional 619 shares during the period. First Personal Financial Services boosted its holdings in Valero Energy Corporation by 13.6% in the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 196 shares during the period. Finally, Ffcm LLC boosted its holdings in Valero Energy Corporation by 189.4% in the 2nd quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock valued at $128,000 after purchasing an additional 1,231 shares during the period. Institutional investors and hedge funds own 81.75% of the company’s stock.

In related news, CFO Michael S. Ciskowski sold 53,012 shares of Valero Energy Corporation stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the completion of the transaction, the chief financial officer now directly owns 67,413 shares of the company’s stock, valued at approximately $4,913,059.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen M. Waters sold 1,500 shares of Valero Energy Corporation stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total transaction of $102,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 58,268 shares of company stock valued at $4,263,601 over the last three months. 0.45% of the stock is currently owned by insiders.

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A number of analysts have weighed in on the stock. Piper Jaffray Companies reissued a “hold” rating and issued a $78.00 price target on shares of Valero Energy Corporation in a report on Friday. BidaskClub downgraded shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Citigroup Inc. increased their price target on shares of Valero Energy Corporation from $68.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Jefferies Group LLC downgraded shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Finally, US Capital Advisors downgraded shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $79.28.

Shares of Valero Energy Corporation (NYSE:VLO) traded down $0.79 during mid-day trading on Tuesday, reaching $82.09. 3,163,500 shares of the company traded hands, compared to its average volume of 4,073,770. Valero Energy Corporation has a 12-month low of $60.35 and a 12-month high of $82.92. The company has a market cap of $36,770.00, a P/E ratio of 17.90, a P/E/G ratio of 1.72 and a beta of 1.17. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39.

Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.08. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.87%. The firm had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $19.42 billion. During the same period last year, the firm posted $1.24 EPS. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. equities research analysts predict that Valero Energy Corporation will post 4.83 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Monday, November 20th. Valero Energy Corporation’s dividend payout ratio is currently 60.74%.

Valero Energy Corporation Company Profile

Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.

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

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