Busey Wealth Management Grows Stake in Valero Energy Co. (VLO)

Busey Wealth Management lifted its position in shares of Valero Energy Co. (NYSE:VLO) by 0.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,206 shares of the oil and gas company’s stock after buying an additional 501 shares during the quarter. Busey Wealth Management’s holdings in Valero Energy were worth $4,853,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Sontag Advisory LLC acquired a new position in Valero Energy in the 4th quarter valued at about $25,000. Athena Capital Advisors LLC purchased a new stake in Valero Energy in the 4th quarter valued at about $28,000. Strategic Wealth Partners Ltd. grew its holdings in Valero Energy by 876.2% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 410 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 368 shares during the period. JNBA Financial Advisors grew its holdings in Valero Energy by 126.0% in the 4th quarter. JNBA Financial Advisors now owns 452 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 252 shares during the period. Finally, PRW Wealth Management LLC purchased a new stake in Valero Energy in the 4th quarter valued at about $34,000. 79.22% of the stock is owned by institutional investors and hedge funds.

In related news, Director Stephen M. Waters purchased 500 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was purchased at an average price of $84.97 per share, for a total transaction of $42,485.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.38% of the stock is owned by corporate insiders.

VLO has been the subject of several recent analyst reports. Morgan Stanley lifted their price target on Valero Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Monday. Macquarie upgraded Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 price target for the company in a report on Friday, January 18th. Piper Jaffray Companies restated an “overweight” rating on shares of Valero Energy in a report on Thursday, January 10th. Zacks Investment Research upgraded Valero Energy from a “strong sell” rating to a “hold” rating in a report on Saturday, January 5th. Finally, Argus set a $110.00 price target on Valero Energy and gave the company a “buy” rating in a report on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $113.32.

NYSE VLO traded up $0.67 on Tuesday, reaching $88.32. The company had a trading volume of 2,507,320 shares, compared to its average volume of 3,725,630. The stock has a market cap of $36.92 billion, a PE ratio of 11.98, a P/E/G ratio of 1.61 and a beta of 1.17. Valero Energy Co. has a 1 year low of $68.81 and a 1 year high of $126.98. The company has a quick ratio of 1.04, a current ratio of 1.65 and a debt-to-equity ratio of 0.39.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, January 31st. The oil and gas company reported $2.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $1.09. The firm had revenue of $28.73 billion during the quarter, compared to analysts’ expectations of $23.26 billion. Valero Energy had a return on equity of 13.63% and a net margin of 2.67%. Sell-side analysts anticipate that Valero Energy Co. will post 6.87 EPS for the current fiscal year.

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Valero Energy Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

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

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