Affinity Investment Advisors LLC Reduces Position in Valero Energy Co. (VLO)

Affinity Investment Advisors LLC lessened its position in shares of Valero Energy Co. (NYSE:VLO) by 8.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 148,777 shares of the oil and gas company’s stock after selling 13,103 shares during the quarter. Valero Energy comprises 1.6% of Affinity Investment Advisors LLC’s investment portfolio, making the stock its 24th biggest holding. Affinity Investment Advisors LLC’s holdings in Valero Energy were worth $13,674,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Willingdon Wealth Management purchased a new position in Valero Energy during the 3rd quarter worth approximately $100,000. Cable Hill Partners LLC grew its stake in Valero Energy 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 worth $101,000 after buying an additional 1,198 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in Valero Energy by 211.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the oil and gas company’s stock worth $108,000 after buying an additional 799 shares during the last quarter. San Francisco Sentry Investment Group CA grew its stake in Valero Energy by 2,272.1% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock worth $112,000 after buying an additional 1,386 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in Valero Energy during the 4th quarter worth approximately $135,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Shares of Valero Energy Co. (NYSE:VLO) opened at $86.77 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $38,320.00, a P/E ratio of 18.82, a PEG ratio of 1.13 and a beta of 0.99. Valero Energy Co. has a 1-year low of $60.69 and a 1-year high of $99.95.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.08 by $0.08. The business had revenue of $26.39 billion during the quarter, compared to analysts’ expectations of $23.02 billion. Valero Energy had a return on equity of 10.55% and a net margin of 4.33%. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period last year, the firm earned $0.81 EPS. sell-side analysts anticipate that Valero Energy Co. will post 7.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th will be issued a $0.80 dividend. This is a boost from Valero Energy’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Monday, February 12th. Valero Energy’s dividend payout ratio (DPR) is currently 60.74%.

Valero Energy announced that its board has approved a stock repurchase plan on Tuesday, January 23rd that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the oil and gas company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

A number of research firms have weighed in on VLO. ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Barclays increased their price objective on Valero Energy from $86.00 to $108.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 14th. Credit Suisse Group began coverage on Valero Energy in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $91.00 price objective for the company. Citigroup increased their price objective on Valero Energy from $68.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, Wells Fargo & Co 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. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. Valero Energy presently has a consensus rating of “Hold” and an average target price of $89.06.

In other news, Director Stephen M. Waters sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $87.23, for a total value of $87,230.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Philip J. Pfeiffer sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $81.42, for a total value of $122,130.00. The disclosure for this sale can be found here. Insiders sold a total of 299,687 shares of company stock valued at $27,733,958 over the last three months. Insiders own 0.45% of the company’s stock.

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

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