Boston Partners lessened its holdings in shares of Valero Energy Co. (NYSE:VLO) by 38.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,365 shares of the oil and gas company’s stock after selling 31,782 shares during the quarter. Boston Partners’ holdings in Valero Energy were worth $4,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Willingdon Wealth Management acquired a new stake in Valero Energy during the 3rd quarter worth $100,000. Cable Hill Partners LLC boosted its stake in Valero Energy by 1,015.3% during the 3rd quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock worth $101,000 after purchasing an additional 1,198 shares during the last quarter. San Francisco Sentry Investment Group CA boosted its stake in Valero Energy by 2,272.1% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock worth $112,000 after purchasing an additional 1,386 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Valero Energy during the 4th quarter worth $135,000. Finally, Chicago Partners Investment Group LLC boosted its stake in Valero Energy by 300.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,863 shares of the oil and gas company’s stock worth $143,000 after purchasing an additional 1,398 shares during the last quarter. 81.03% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on VLO shares. ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Barclays boosted their price target on shares of Valero Energy from $86.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, November 14th. Credit Suisse Group started coverage on shares of Valero Energy in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $91.00 price target on the stock. Citigroup boosted their price target on shares of Valero Energy from $68.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $87.00 price target (up previously from $74.00) on shares of Valero Energy in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. Valero Energy currently has an average rating of “Hold” and a consensus target price of $89.06.

In related news, Director Stephen M. Waters sold 1,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $87.23, for a total value of $87,230.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael S. Ciskowski sold 45,657 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $88.91, for a total transaction of $4,059,363.87. Following the completion of the sale, the chief financial officer now owns 57,589 shares in the company, valued at $5,120,237.99. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 298,187 shares of company stock worth $27,611,828. 0.45% of the stock is owned by insiders.

Shares of Valero Energy Co. (NYSE:VLO) opened at $88.84 on Tuesday. The stock has a market cap of $39,240.00, a PE ratio of 19.27, a P/E/G ratio of 1.10 and a beta of 0.99. Valero Energy Co. has a fifty-two week low of $60.69 and a fifty-two week high of $99.95. 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 (NYSE:VLO) last issued its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.08. The firm had revenue of $26.39 billion for the quarter, compared to analyst estimates of $23.02 billion. Valero Energy had a net margin of 4.33% and a return on equity of 10.55%. Valero Energy’s revenue was up 27.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 EPS. equities analysts predict that Valero Energy Co. will post 7.23 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th will be issued a $0.80 dividend. This is a positive change from Valero Energy’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 3.60%. The ex-dividend date is Monday, February 12th. Valero Energy’s payout ratio is 60.74%.

Valero Energy announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, January 23rd that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the oil and gas company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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

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