Csenge Advisory Group Takes Position in Valero Energy Corporation (VLO)

Csenge Advisory Group bought a new stake in shares of Valero Energy Corporation (NYSE:VLO) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,120 shares of the oil and gas company’s stock, valued at approximately $625,000.

A number of other institutional investors have also made changes to their positions in VLO. Cable Hill Partners LLC raised its stake in Valero Energy Corporation 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 valued at $101,000 after acquiring an additional 1,198 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in 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 valued at $109,000 after acquiring an additional 619 shares in the last quarter. First Personal Financial Services raised its stake in 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 valued at $110,000 after acquiring an additional 196 shares in the last quarter. Guardian Life Insurance Co. of America raised its stake in 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 valued at $116,000 after acquiring an additional 11 shares in the last quarter. Finally, Ffcm LLC raised its stake in 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 valued at $128,000 after acquiring an additional 1,231 shares in the last quarter. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on VLO. Citigroup Inc cut their target price on Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, July 17th. BidaskClub upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Jefferies Group LLC cut Valero Energy Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. US Capital Advisors cut Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Cowen and Company reiterated a “buy” rating and set a $90.00 price target on shares of Valero Energy Corporation in a research report on Friday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $77.19.

In other news, Director Stephen M. Waters sold 1,500 shares of Valero Energy Corporation stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total transaction of $102,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Michael S. Ciskowski sold 53,012 shares of Valero Energy Corporation stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value of $3,863,514.56. Following the transaction, the chief financial officer now owns 67,413 shares in the company, valued at approximately $4,913,059.44. The disclosure for this sale can be found here. Insiders have sold 56,768 shares of company stock worth $4,141,471 in the last quarter. 0.45% of the stock is currently owned by corporate insiders.

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Shares of Valero Energy Corporation (NYSE VLO) traded up $0.17 during mid-day trading on Friday, hitting $80.88. The stock had a trading volume of 3,349,982 shares, compared to its average volume of 3,602,711. The firm has a market cap of $36,035.28, a PE ratio of 17.62, a P/E/G ratio of 1.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.05 and a quick ratio of 1.31.

Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.08. Valero Energy Corporation had a return on equity of 9.93% and a net margin of 2.33%. The business had revenue of $23.56 billion for the quarter, compared to the consensus estimate of $19.42 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. Valero Energy Corporation’s revenue for the quarter was up 19.9% compared to the same quarter last year. sell-side analysts forecast that Valero Energy Corporation will post 4.77 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.46%. Valero Energy Corporation’s dividend payout ratio is 60.48%.

Valero Energy Corporation 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 Corporation (NYSE:VLO)

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