Marathon Trading Investment Management LLC purchased a new position in Valero Energy Co. (NYSE:VLO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,000 shares of the oil and gas company’s stock, valued at approximately $1,011,000. Valero Energy comprises about 0.0% of Marathon Trading Investment Management LLC’s portfolio, making the stock its 25th biggest holding.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Independence Bank of Kentucky purchased a new stake in shares of Valero Energy in the fourth quarter valued at $102,000. Parkside Financial Bank & Trust grew its position in Valero Energy by 211.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the oil and gas company’s stock valued at $108,000 after acquiring an additional 799 shares during the period. Willingdon Wealth Management purchased a new stake in Valero Energy during the third quarter valued at about $100,000. San Francisco Sentry Investment Group CA grew its position in Valero Energy by 2,272.1% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock valued at $112,000 after acquiring an additional 1,386 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Valero Energy during the fourth quarter valued at about $135,000. 80.10% of the stock is owned by institutional investors.
In other Valero Energy news, Director Stephen M. Waters sold 1,000 shares of the company’s 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 SEC, which is available at this hyperlink. Also, CFO Michael S. Ciskowski sold 251,530 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $93.29, for a total value of $23,465,233.70. Following the sale, the chief financial officer now owns 309,119 shares in the company, valued at approximately $28,837,711.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 298,187 shares of company stock worth $27,611,828. Insiders own 0.45% of the company’s stock.
Valero Energy Co. (NYSE:VLO) opened at $94.32 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.74 and a debt-to-equity ratio of 0.38. Valero Energy Co. has a one year low of $60.69 and a one year high of $99.95. The company has a market capitalization of $40,857.16, a PE ratio of 10.21, a P/E/G ratio of 1.13 and a beta of 1.03.
Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.08. Valero Energy had a return on equity of 10.30% and a net margin of 4.33%. The business had revenue of $26.39 billion for the quarter, compared to analysts’ expectations of $23.02 billion. During the same quarter in the previous year, the firm posted $0.81 earnings per share. The company’s revenue was up 27.4% compared to the same quarter last year. analysts forecast that Valero Energy Co. will post 7.16 EPS for the current year.
Valero Energy announced that its Board of Directors has initiated a stock buyback plan on Tuesday, January 23rd that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the oil and gas company to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th were paid a $0.80 dividend. This is a boost from Valero Energy’s previous quarterly dividend of $0.70. The ex-dividend date was Monday, February 12th. This represents a $3.20 annualized dividend and a dividend yield of 3.39%. Valero Energy’s payout ratio is 34.63%.
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Valero Energy 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.
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