11,512 Shares in Valero Energy Co. (VLO) Acquired by Strategic Advisors LLC
Strategic Advisors LLC acquired a new position in shares of Valero Energy Co. (NYSE:VLO) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,512 shares of the oil and gas company’s stock, valued at approximately $977,000.
Other hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its holdings in shares of Valero Energy by 4,599.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,491,501 shares of the oil and gas company’s stock valued at $167,000 after acquiring an additional 12,225,706 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Valero Energy by 10.3% in the 3rd quarter. AQR Capital Management LLC now owns 8,371,097 shares of the oil and gas company’s stock valued at $952,212,000 after acquiring an additional 781,426 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Valero Energy by 3.3% in the 4th quarter. Northern Trust Corp now owns 6,386,167 shares of the oil and gas company’s stock valued at $478,771,000 after acquiring an additional 202,230 shares during the last quarter. Norges Bank bought a new stake in shares of Valero Energy in the 4th quarter valued at approximately $346,427,000. Finally, Morgan Stanley increased its holdings in shares of Valero Energy by 14.2% in the 3rd quarter. Morgan Stanley now owns 3,545,018 shares of the oil and gas company’s stock valued at $403,246,000 after acquiring an additional 441,925 shares during the last quarter. Institutional investors own 79.20% of the company’s stock.
In related news, Director Stephen M. Waters bought 500 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were purchased at an average cost of $84.97 per share, with a total value of $42,485.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by company insiders.
Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, January 31st. The oil and gas company reported $2.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $1.09. Valero Energy had a return on equity of 13.63% and a net margin of 2.67%. The firm had revenue of $28.73 billion for the quarter, compared to analyst estimates of $23.26 billion. Equities research analysts expect that Valero Energy Co. will post 6.87 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on VLO shares. Macquarie upgraded Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 price target for the company in a report on Friday, January 18th. Goldman Sachs Group upgraded Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 price target for the company in a report on Friday, January 25th. Standpoint Research downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Piper Jaffray Companies reiterated an “overweight” rating on shares of Valero Energy in a report on Thursday, January 10th. Finally, Wolfe Research upgraded Valero Energy from a “peer perform” rating to an “outperform” rating in a report on Friday, March 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $113.32.
About Valero Energy
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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