Valero Energy Co. (VLO) Shares Sold by FTB Advisors Inc.

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FTB Advisors Inc. reduced its stake in Valero Energy Co. (NYSE:VLO) by 2.9% during the third quarter, HoldingsChannel reports. The fund owned 80,940 shares of the oil and gas company’s stock after selling 2,433 shares during the quarter. FTB Advisors Inc.’s holdings in Valero Energy were worth $9,408,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VLO. Truvestments Capital LLC bought a new position in Valero Energy in the 3rd quarter worth about $101,000. Kiley Juergens Wealth Management LLC bought a new position in Valero Energy in the 2nd quarter worth about $117,000. Kaizen Advisory LLC grew its stake in Valero Energy by 156.8% in the 2nd quarter. Kaizen Advisory LLC now owns 1,063 shares of the oil and gas company’s stock worth $118,000 after acquiring an additional 649 shares in the last quarter. Stelac Advisory Services LLC bought a new position in Valero Energy in the 2nd quarter worth about $125,000. Finally, Reilly Financial Advisors LLC grew its stake in Valero Energy by 1,164.4% in the 3rd quarter. Reilly Financial Advisors LLC now owns 1,315 shares of the oil and gas company’s stock worth $150,000 after acquiring an additional 1,211 shares in the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.

NYSE:VLO opened at $91.28 on Wednesday. Valero Energy Co. has a 52 week low of $80.00 and a 52 week high of $126.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.67 and a quick ratio of 1.10. The company has a market cap of $39.25 billion, a P/E ratio of 18.40, a PEG ratio of 0.75 and a beta of 1.15.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 25th. The oil and gas company reported $2.01 EPS for the quarter, beating the Zacks’ consensus estimate of $1.95 by $0.06. Valero Energy had a net margin of 3.96% and a return on equity of 11.91%. The company had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $31.82 billion. As a group, equities analysts anticipate that Valero Energy Co. will post 6.47 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Tuesday, November 20th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 19th. This represents a $3.20 dividend on an annualized basis and a yield of 3.51%. Valero Energy’s payout ratio is 64.52%.

A number of equities analysts have recently issued reports on the stock. Standpoint Research upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Wells Fargo & Co dropped their price objective on shares of Valero Energy from $141.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Morgan Stanley increased their price objective on shares of Valero Energy from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, July 31st. Goldman Sachs Group downgraded shares of Valero Energy from a “neutral” rating to a “sell” rating in a research note on Friday, October 19th. Finally, Tudor Pickering downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $115.82.

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Valero Energy Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. 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. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

See Also: Dollar Cost Averaging

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

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