Valero Energy Co. (VLO) Position Increased by BB&T Securities LLC

BB&T Securities LLC boosted its stake in shares of Valero Energy Co. (NYSE:VLO) by 43.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,583 shares of the oil and gas company’s stock after acquiring an additional 9,943 shares during the quarter. BB&T Securities LLC’s holdings in Valero Energy were worth $2,442,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. FMR LLC raised its stake in Valero Energy by 71.1% during the second quarter. FMR LLC now owns 16,436,742 shares of the oil and gas company’s stock valued at $1,821,684,000 after buying an additional 6,831,581 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Valero Energy by 3.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 96,780 shares of the oil and gas company’s stock worth $10,726,000 after buying an additional 3,070 shares in the last quarter. First Hawaiian Bank bought a new position in Valero Energy in the 3rd quarter valued at about $1,224,000. Andra AP fonden boosted its position in shares of Valero Energy by 2.4% during the 3rd quarter. Andra AP fonden now owns 63,500 shares of the oil and gas company’s stock worth $7,223,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of Valero Energy by 6.9% during the third quarter. Raymond James Trust N.A. now owns 17,025 shares of the oil and gas company’s stock valued at $1,937,000 after acquiring an additional 1,101 shares during the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

Shares of NYSE:VLO opened at $83.46 on Thursday. The company has a market capitalization of $34.93 billion, a P/E ratio of 11.32, a PEG ratio of 1.41 and a beta of 1.14. The company has a current ratio of 1.59, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39. Valero Energy Co. has a 1 year low of $68.81 and a 1 year high of $126.98.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, January 31st. The oil and gas company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $1.09. Valero Energy had a net margin of 2.67% and a return on equity of 13.60%. The business had revenue of $28.73 billion for the quarter, compared to analyst estimates of $23.26 billion. As a group, equities analysts predict that Valero Energy Co. will post 7.48 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 5th. Stockholders of record on Wednesday, February 13th will be paid a dividend of $0.90 per share. This is a boost from Valero Energy’s previous quarterly dividend of $0.80. The ex-dividend date is Tuesday, February 12th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.31%. Valero Energy’s dividend payout ratio (DPR) is presently 43.42%.

VLO has been the subject of a number of research reports. Goldman Sachs Group cut shares of Valero Energy from a “neutral” rating to a “sell” rating in a research note on Friday, October 19th. Morgan Stanley decreased their price objective on Valero Energy from $145.00 to $135.00 and set a “buy” rating for the company in a report on Monday, October 29th. Macquarie upgraded Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 target price on the stock in a research report on Friday, January 18th. Mizuho set a $110.00 price objective on Valero Energy and gave the company a “hold” rating in a research note on Wednesday, November 28th. Finally, Credit Suisse Group upgraded Valero Energy from a “neutral” rating to an “outperform” rating and decreased their price target for the company from $135.00 to $120.00 in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Valero Energy has a consensus rating of “Buy” and an average price target of $112.01.

In other Valero Energy news, Director Randall J. Weisenburger purchased 25,000 shares of the stock in a transaction that occurred on Tuesday, December 11th. The stock was purchased at an average cost of $72.74 per share, with a total value of $1,818,500.00. Following the completion of the acquisition, the director now directly owns 53,717 shares of the company’s stock, valued at approximately $3,907,374.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

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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.

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

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