Valero Energy Co. (VLO) Shares Bought by Spectrum Management Group Inc.

Spectrum Management Group Inc. grew its holdings in Valero Energy Co. (NYSE:VLO) by 3.2% during the 1st quarter, Holdings Channel reports. The firm owned 28,455 shares of the oil and gas company’s stock after acquiring an additional 895 shares during the quarter. Valero Energy comprises about 0.7% of Spectrum Management Group Inc.’s investment portfolio, making the stock its 28th biggest position. Spectrum Management Group Inc.’s holdings in Valero Energy were worth $2,414,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of VLO. Sontag Advisory LLC acquired a new stake in Valero Energy during the fourth quarter worth about $25,000. Athena Capital Advisors LLC acquired a new stake in Valero Energy during the fourth quarter worth about $28,000. Strategic Wealth Partners Ltd. grew its position in Valero Energy by 876.2% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 410 shares of the oil and gas company’s stock worth $33,000 after buying an additional 368 shares in the last quarter. JNBA Financial Advisors grew its position in Valero Energy by 126.0% during the fourth quarter. JNBA Financial Advisors now owns 452 shares of the oil and gas company’s stock worth $34,000 after buying an additional 252 shares in the last quarter. Finally, PRW Wealth Management LLC acquired a new stake in Valero Energy during the fourth quarter worth about $34,000. 79.22% of the stock is currently owned by institutional investors.

In other Valero Energy news, Director Stephen M. Waters purchased 500 shares of the business’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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is owned by company insiders.

VLO traded down $0.17 during midday trading on Tuesday, reaching $87.48. 41,876 shares of the company’s stock were exchanged, compared to its average volume of 3,170,540. The stock has a market cap of $36.92 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 1.61 and a beta of 1.17. 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 Co. has a one year low of $68.81 and a one year high of $126.98.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, January 31st. The oil and gas company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 2.67% and a return on equity of 13.63%. Equities research analysts expect that Valero Energy Co. will post 6.87 EPS for the current fiscal year.

VLO has been the topic of a number of recent research reports. Macquarie raised Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 target price on the stock in a research report on Friday, January 18th. Goldman Sachs Group raised Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 target price on the stock in a research report on Friday, January 25th. Standpoint Research downgraded Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Piper Jaffray Companies reissued an “overweight” rating on shares of Valero Energy in a research report on Thursday, January 10th. Finally, Wolfe Research raised Valero Energy from a “peer perform” rating to an “outperform” rating in a research report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $113.32.

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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.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

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

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