Tokio Marine Asset Management Co. Ltd. Trims Position in Valero Energy Co. (VLO)
Tokio Marine Asset Management Co. Ltd. lessened its position in shares of Valero Energy Co. (NYSE:VLO) by 28.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,940 shares of the oil and gas company’s stock after selling 1,160 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Valero Energy were worth $270,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of VLO. Willingdon Wealth Management purchased a new stake in Valero Energy during the third quarter valued at $100,000. Cable Hill Partners LLC grew its holdings in Valero Energy by 1,015.3% during the third quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 1,198 shares during the period. Parkside Financial Bank & Trust grew its holdings 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 purchasing an additional 799 shares during the period. San Francisco Sentry Investment Group CA grew its holdings 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 purchasing an additional 1,386 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in Valero Energy during the fourth quarter valued at about $135,000. Institutional investors own 81.22% of the company’s stock.
In related news, CFO Michael S. Ciskowski sold 251,530 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $93.29, for a total transaction of $23,465,233.70. Following the completion of the transaction, the chief financial officer now directly owns 309,119 shares of the company’s stock, valued at $28,837,711.51. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Stephen M. Waters sold 1,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $87.23, for a total value of $87,230.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 299,687 shares of company stock valued at $27,733,958. Corporate insiders own 0.45% of the company’s stock.
Valero Energy Co. (VLO) opened at $88.22 on Friday. The firm has a market capitalization of $38,960.00, a PE ratio of 19.14, a PEG ratio of 1.08 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.24. Valero Energy Co. has a one year low of $60.69 and a one year high of $99.95.
Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. The firm had revenue of $26.39 billion during the quarter, compared to analyst estimates of $23.02 billion. Valero Energy had a return on equity of 10.55% and a net margin of 4.33%. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.81 earnings per share. research analysts forecast that Valero Energy Co. will post 7.23 EPS for the current year.
Valero Energy declared that its Board of Directors has approved a share repurchase plan on Tuesday, January 23rd that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the oil and gas company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th will be paid a $0.80 dividend. This is a positive change from Valero Energy’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Monday, February 12th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.63%. Valero Energy’s dividend payout ratio is 60.74%.
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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.
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