IBM Retirement Fund reduced its stake in shares of Valero Energy Co. (NYSE:VLO) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,615 shares of the oil and gas company’s stock after selling 605 shares during the quarter. IBM Retirement Fund’s holdings in Valero Energy were worth $1,068,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VLO. Stifel Financial Corp boosted its stake in Valero Energy by 4,916.0% in the third quarter. Stifel Financial Corp now owns 1,378,101 shares of the oil and gas company’s stock valued at $106,014,000 after buying an additional 1,350,627 shares in the last quarter. Bank of Montreal Can raised its position in Valero Energy by 17.4% in the fourth quarter. Bank of Montreal Can now owns 3,200,849 shares of the oil and gas company’s stock valued at $294,188,000 after purchasing an additional 475,381 shares during the last quarter. Bank of New York Mellon Corp raised its position in Valero Energy by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 11,273,542 shares of the oil and gas company’s stock valued at $867,273,000 after purchasing an additional 469,406 shares during the last quarter. Prudential Financial Inc. raised its position in Valero Energy by 14.5% in the third quarter. Prudential Financial Inc. now owns 3,251,977 shares of the oil and gas company’s stock valued at $250,174,000 after purchasing an additional 411,630 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in Valero Energy in the third quarter valued at about $26,518,000. 81.03% of the stock is currently owned by institutional investors and hedge funds.

VLO has been the subject of several research reports. Zacks Investment Research downgraded Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Scotiabank reiterated a “buy” rating and issued a $84.00 target price on shares of Valero Energy in a research report on Tuesday, November 14th. ValuEngine upgraded Valero Energy from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Standpoint Research downgraded Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 price objective for the company. in a research report on Thursday, November 16th. Finally, Credit Suisse Group initiated coverage on Valero Energy in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $91.00 price objective for the company. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. Valero Energy has an average rating of “Hold” and an average target price of $89.06.

In related news, Director Stephen M. Waters sold 1,000 shares of Valero Energy 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 accessible through this hyperlink. Also, CFO Michael S. Ciskowski sold 251,530 shares of Valero Energy 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 transaction, the chief financial officer now directly owns 309,119 shares in the company, valued at approximately $28,837,711.51. The disclosure for this sale can be found here. Insiders sold 299,687 shares of company stock valued at $27,733,958 in the last three months. Insiders own 0.45% of the company’s stock.

Shares of Valero Energy Co. (VLO) opened at $88.22 on Monday. 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 $38,603.39, a P/E ratio of 17.72, a P/E/G ratio of 1.10 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.08. Valero Energy had a return on equity of 10.55% and a net margin of 4.33%. The firm had revenue of $26.39 billion during the quarter, compared to analysts’ expectations of $23.02 billion. During the same quarter last year, the firm posted $0.81 earnings per share. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. analysts forecast that Valero Energy Co. will post 7.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 13th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Monday, February 12th. This is a boost from Valero Energy’s previous quarterly dividend of $0.70. Valero Energy’s dividend payout ratio (DPR) is 30.30%.

Valero Energy announced that its Board of Directors has approved a share buyback program on Tuesday, January 23rd that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the oil and gas company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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

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