Alpha Windward LLC lessened its stake in Valero Energy Co. (NYSE:VLO) by 11.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,529 shares of the oil and gas company’s stock after selling 1,381 shares during the quarter. Valero Energy comprises about 0.6% of Alpha Windward LLC’s investment portfolio, making the stock its 15th largest holding. Alpha Windward LLC’s holdings in Valero Energy were worth $968,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Willingdon Wealth Management bought a new stake in Valero Energy in the third quarter valued at about $100,000. Cable Hill Partners LLC increased its holdings in shares of Valero Energy by 1,015.3% in the third quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock worth $101,000 after acquiring an additional 1,198 shares in the last quarter. San Francisco Sentry Investment Group CA increased its holdings in shares of Valero Energy by 2,272.1% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock worth $112,000 after acquiring an additional 1,386 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Valero Energy by 300.6% in the third quarter. Chicago Partners Investment Group LLC now owns 1,863 shares of the oil and gas company’s stock worth $143,000 after acquiring an additional 1,398 shares in the last quarter. Finally, Fieldpoint Private Securities LLC bought a new stake in shares of Valero Energy in the third quarter worth about $160,000. Institutional investors and hedge funds own 81.34% of the company’s stock.
In related news, Director Stephen M. Waters sold 1,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $87.23, for a total transaction of $87,230.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philip J. Pfeiffer sold 1,500 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $81.42, for a total value of $122,130.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 301,287 shares of company stock valued at $27,860,150. 0.45% of the stock is owned by corporate insiders.
Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.08. The business had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. Valero Energy’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period last year, the company earned $1.24 earnings per share. analysts anticipate that Valero Energy Co. will post 4.92 EPS for the current year.
Several brokerages have issued reports on VLO. Cowen increased their price target on Valero Energy from $70.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, September 28th. UBS Group restated a “neutral” rating and issued a $80.00 price target (up from $69.00) on shares of Valero Energy in a report on Wednesday, September 27th. Deutsche Bank restated a “hold” rating and issued a $73.00 price target (up from $65.00) on shares of Valero Energy in a report on Wednesday, September 20th. Zacks Investment Research downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Jefferies Group downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. Valero Energy presently has a consensus rating of “Hold” and a consensus target price of $81.41.
Valero Energy 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.
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