First National Trust Co. Increases Holdings in Valero Energy Corporation (VLO)

First National Trust Co. raised its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 7.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,137 shares of the oil and gas company’s stock after buying an additional 3,598 shares during the period. First National Trust Co.’s holdings in Valero Energy Corporation were worth $4,242,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Cable Hill Partners LLC increased its stake in shares of Valero Energy Corporation by 1,015.3% in the third 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 in the last quarter. Independent Portfolio Consultants Inc. increased its stake in shares of Valero Energy Corporation by 62.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock worth $109,000 after purchasing an additional 619 shares in the last quarter. First Personal Financial Services increased its stake in shares of Valero Energy Corporation by 13.6% in the second quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 196 shares in the last quarter. Ffcm LLC increased its stake in shares of Valero Energy Corporation by 189.4% in the second quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock worth $128,000 after purchasing an additional 1,231 shares in the last quarter. Finally, Manchester Capital Management LLC increased its stake in shares of Valero Energy Corporation by 16.9% in the second quarter. Manchester Capital Management LLC now owns 2,076 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 300 shares in the last quarter. 80.81% of the stock is owned by institutional investors and hedge funds.

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VLO has been the subject of a number of analyst reports. Citigroup Inc. reduced their price objective on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, July 17th. BidaskClub cut shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Scotiabank set a $70.00 price objective on shares of Valero Energy Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. US Capital Advisors cut shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, Jefferies Group LLC reduced their price objective on shares of Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $77.19.

Valero Energy Corporation (VLO) traded up $0.09 during trading on Monday, hitting $81.37. 2,473,800 shares of the stock traded hands, compared to its average volume of 4,097,899. The company has a market cap of $35,710.00, a price-to-earnings ratio of 17.58, a PEG ratio of 1.69 and a beta of 1.17. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a 12-month low of $60.35 and a 12-month high of $82.19.

Valero Energy Corporation (NYSE:VLO) last released its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.08. The firm had revenue of $23.56 billion during the quarter, compared to analyst estimates of $19.42 billion. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.87%. The business’s revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the business earned $1.24 EPS. equities analysts forecast that Valero Energy Corporation will post 4.83 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be issued a $0.70 dividend. The ex-dividend date is Monday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.44%. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 60.74%.

In related news, Director Stephen M. Waters sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $78.87, for a total value of $126,192.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the completion of the transaction, the chief financial officer now directly owns 67,413 shares in the company, valued at approximately $4,913,059.44. The disclosure for this sale can be found here. Insiders sold a total of 56,768 shares of company stock valued at $4,141,471 in the last 90 days. Company insiders own 0.45% of the company’s stock.

About Valero Energy Corporation

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.

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

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