Captrust Financial Advisors boosted its holdings in shares of Valero Energy Co. (NYSE:VLO) by 9.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,825 shares of the oil and gas company’s stock after buying an additional 1,245 shares during the quarter. Captrust Financial Advisors’ holdings in Valero Energy were worth $1,363,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp raised its position in Valero Energy by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 11,932,482 shares of the oil and gas company’s stock worth $1,096,715,000 after buying an additional 658,940 shares during the last quarter. Geode Capital Management LLC raised its position in Valero Energy by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 4,853,651 shares of the oil and gas company’s stock worth $445,213,000 after buying an additional 72,930 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Valero Energy by 0.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 3,538,559 shares of the oil and gas company’s stock worth $272,222,000 after buying an additional 25,498 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in Valero Energy during the 4th quarter worth approximately $302,721,000. Finally, Prudential Financial Inc. grew its stake in shares of Valero Energy by 14.5% during the 3rd quarter. Prudential Financial Inc. now owns 3,251,977 shares of the oil and gas company’s stock worth $250,174,000 after purchasing an additional 411,630 shares during the period. 80.10% of the stock is owned by institutional investors.
Shares of Valero Energy Co. (VLO) opened at $93.49 on Wednesday. Valero Energy Co. has a one year low of $60.69 and a one year high of $99.95. The stock has a market cap of $40,500.00, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.13 and a beta of 1.00. The company has a quick ratio of 1.17, a current ratio of 1.74 and a debt-to-equity ratio of 0.38.
The business 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. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.20 dividend on an annualized basis and a yield of 3.42%. This is a boost from Valero Energy’s previous quarterly dividend of $0.70. Valero Energy’s dividend payout ratio (DPR) is currently 64.39%.
Valero Energy declared that its Board of Directors has authorized a share repurchase plan on Tuesday, January 23rd that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the oil and gas company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
A number of brokerages have recently commented on VLO. Piper Jaffray Companies reaffirmed a “hold” rating and set a $78.00 price objective on shares of Valero Energy in a research note on Friday, November 17th. Citigroup raised shares of Valero Energy from a “neutral” rating to a “buy” rating and set a $114.00 price objective on the stock in a research note on Wednesday, February 14th. Standpoint Research cut shares of Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a research note on Thursday, November 16th. Credit Suisse Group began coverage on shares of Valero Energy in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $91.00 price objective on the stock. Finally, Bank of America raised their price objective on shares of Valero Energy from $102.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $92.35.
In related news, CFO Michael S. Ciskowski sold 45,657 shares of Valero Energy stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $88.91, for a total value of $4,059,363.87. Following the sale, the chief financial officer now owns 57,589 shares of the company’s stock, valued at approximately $5,120,237.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael S. Ciskowski sold 251,530 shares of the firm’s stock in a transaction 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 completion of the transaction, 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. 0.45% of the stock is currently owned by company insiders.
COPYRIGHT VIOLATION NOTICE: This piece was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/03/14/captrust-financial-advisors-acquires-1245-shares-of-valero-energy-co-vlo.html.
About Valero Energy
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.
Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.