Bank of Montreal Can reduced its position in Valero Energy Co. (NYSE:VLO) by 7.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,763,856 shares of the oil and gas company’s stock after selling 222,950 shares during the period. Bank of Montreal Can owned approximately 0.65% of Valero Energy worth $314,390,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Pittenger & Anderson Inc. boosted its position in Valero Energy by 131.7% in the 3rd quarter. Pittenger & Anderson Inc. now owns 39,865 shares of the oil and gas company’s stock valued at $4,535,000 after buying an additional 22,660 shares during the last quarter. Gradient Investments LLC boosted its position in Valero Energy by 68.1% in the 3rd quarter. Gradient Investments LLC now owns 1,353 shares of the oil and gas company’s stock valued at $154,000 after buying an additional 548 shares during the last quarter. LFA Lugano Financial Advisors SA boosted its position in Valero Energy by 100.5% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 1,650 shares of the oil and gas company’s stock valued at $188,000 after buying an additional 827 shares during the last quarter. Montecito Bank & Trust boosted its position in Valero Energy by 28.4% in the 3rd quarter. Montecito Bank & Trust now owns 4,910 shares of the oil and gas company’s stock valued at $558,000 after buying an additional 1,085 shares during the last quarter. Finally, Arrow Financial Corp boosted its position in Valero Energy by 95.3% in the 3rd quarter. Arrow Financial Corp now owns 5,522 shares of the oil and gas company’s stock valued at $628,000 after buying an additional 2,695 shares during the last quarter. 78.37% of the stock is owned by institutional investors.
Shares of VLO stock traded up $1.51 during trading hours on Friday, hitting $108.40. 189,259 shares of the company were exchanged, compared to its average volume of 3,284,776. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.67. Valero Energy Co. has a one year low of $75.84 and a one year high of $126.98. The stock has a market capitalization of $48.62 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 1.96 and a beta of 1.03.
Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.17. Valero Energy had a net margin of 4.21% and a return on equity of 12.06%. The firm had revenue of $31.02 billion for the quarter, compared to analysts’ expectations of $26.56 billion. During the same quarter last year, the company posted $1.23 earnings per share. Valero Energy’s revenue was up 39.4% on a year-over-year basis. As a group, research analysts forecast that Valero Energy Co. will post 6.44 EPS for the current year.
In other Valero Energy news, Director Stephen M. Waters sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $116.76, for a total value of $116,760.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.41% of the company’s stock.
VLO has been the subject of a number of analyst reports. ValuEngine cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Citigroup increased their price target on shares of Valero Energy from $125.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. JPMorgan Chase & Co. increased their price target on shares of Valero Energy from $128.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Morgan Stanley increased their price target on shares of Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 31st. Finally, Mizuho initiated coverage on shares of Valero Energy in a research report on Wednesday, August 1st. They set a “neutral” rating and a $125.00 price target on the stock. Fourteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Valero Energy has a consensus rating of “Hold” and a consensus price target of $116.29.
Valero Energy Company 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.
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