Payden & Rygel acquired a new stake in Valero Energy Corporation (NYSE:VLO) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 155,900 shares of the oil and gas company’s stock, valued at approximately $11,993,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Willingdon Wealth Management bought a new position in Valero Energy during the third quarter worth $100,000. Cable Hill Partners LLC boosted its position in Valero Energy by 1,015.3% during 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 during the period. San Francisco Sentry Investment Group CA boosted its position in Valero Energy by 2,272.1% during the third 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 period. First Personal Financial Services boosted its position in Valero Energy by 13.6% during 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 during the period. Finally, Ffcm LLC boosted its position in Valero Energy by 189.4% during 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 during the period. Institutional investors and hedge funds own 81.81% of the company’s stock.
Shares of Valero Energy Corporation (NYSE:VLO) traded up $0.57 during trading on Thursday, hitting $85.54. 1,238,923 shares of the stock were exchanged, compared to its average volume of 4,045,346. Valero Energy Corporation has a 52 week low of $60.69 and a 52 week high of $86.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91. The company has a market capitalization of $37,535.70, a PE ratio of 18.53, a PEG ratio of 1.78 and a beta of 1.20.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.80 annualized dividend and a yield of 3.27%. Valero Energy’s dividend payout ratio is 60.48%.
A number of equities analysts have commented on VLO shares. Wells Fargo & Company reaffirmed an “outperform” rating and set a $87.00 price objective (up from $74.00) on shares of Valero Energy in a research report on Tuesday, October 17th. Deutsche Bank reaffirmed a “hold” rating and set a $73.00 price objective (up from $65.00) on shares of Valero Energy in a research report on Wednesday, September 20th. ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Monday, October 16th. Finally, Jefferies Group reduced their price objective on shares of Valero Energy from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company. Valero Energy presently has a consensus rating of “Hold” and an average price target of $79.28.
In related news, Director Stephen M. Waters sold 1,600 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $78.87, for a total transaction of $126,192.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael S. Ciskowski sold 53,012 shares of the company’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 of the company’s stock, 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 valued at $4,161,601 in the last ninety days. 0.45% of the stock is currently owned by company insiders.
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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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