Cadence Bank NA Purchases New Holdings in Valero Energy Corporation (VLO)

Cadence Bank NA purchased a new position in shares of Valero Energy Corporation (NYSE:VLO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,255 shares of the oil and gas company’s stock, valued at approximately $251,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Independent Portfolio Consultants Inc. raised its holdings in shares of Valero Energy Corporation by 62.2% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock worth $109,000 after acquiring an additional 619 shares during the period. First Personal Financial Services raised its holdings in shares of Valero Energy Corporation by 13.6% during the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 196 shares during the period. Guardian Life Insurance Co. of America raised its holdings in shares of Valero Energy Corporation by 0.6% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock worth $116,000 after acquiring an additional 11 shares during the period. Ffcm LLC raised its holdings in shares of Valero Energy Corporation by 189.4% during the 2nd quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock worth $128,000 after acquiring an additional 1,231 shares during the period. Finally, Manchester Capital Management LLC raised its holdings in shares of Valero Energy Corporation by 16.9% during the 2nd quarter. Manchester Capital Management LLC now owns 2,076 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

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In related news, 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 sale, the chief financial officer now directly owns 67,413 shares in the company, valued at approximately $4,913,059.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Stephen M. Waters sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total value of $102,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,168 shares of company stock worth $4,015,279. Company insiders own 0.45% of the company’s stock.

Several research firms have recently commented on VLO. Jefferies Group LLC lowered Valero Energy Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Zacks Investment Research upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Monday, October 16th. Citigroup Inc. lifted their price target on Valero Energy Corporation from $68.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Wells Fargo & Company reiterated an “outperform” rating and set a $87.00 price target (up previously from $74.00) on shares of Valero Energy Corporation in a report on Tuesday, October 17th. Finally, Macquarie reiterated a “neutral” rating on shares of Valero Energy Corporation in a report on Monday, October 23rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $77.19.

Shares of Valero Energy Corporation (VLO) traded up 0.61% during mid-day trading on Tuesday, reaching $78.88. 1,267,609 shares of the company’s stock were exchanged. The stock has a market cap of $34.84 billion, a price-to-earnings ratio of 19.47 and a beta of 1.21. Valero Energy Corporation has a 52 week low of $57.40 and a 52 week high of $78.95. The stock has a 50 day moving average price of $75.70 and a 200 day moving average price of $68.58.

Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.08. The company had revenue of $23.56 billion for the quarter, compared to the consensus estimate of $19.42 billion. Valero Energy Corporation had a return on equity of 9.93% and a net margin of 2.33%. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period last year, the business posted $1.24 EPS. Equities research analysts predict that Valero Energy Corporation will post $4.81 EPS for the current year.

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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