Sheaff Brock Investment Advisors LLC Has $392,000 Position in Valero Energy Co. (NYSE:VLO)

Sheaff Brock Investment Advisors LLC decreased its holdings in Valero Energy Co. (NYSE:VLO) by 68.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,231 shares of the oil and gas company’s stock after selling 11,606 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Valero Energy were worth $392,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. FMR LLC boosted its stake in shares of Valero Energy by 71.1% during the 2nd quarter. FMR LLC now owns 16,436,742 shares of the oil and gas company’s stock worth $1,821,684,000 after buying an additional 6,831,581 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Valero Energy by 3.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 96,780 shares of the oil and gas company’s stock valued at $10,726,000 after purchasing an additional 3,070 shares during the period. United Services Automobile Association raised its holdings in shares of Valero Energy by 17.1% in the 2nd quarter. United Services Automobile Association now owns 270,128 shares of the oil and gas company’s stock valued at $29,938,000 after purchasing an additional 39,379 shares during the period. Sound Income Strategies LLC raised its holdings in shares of Valero Energy by 30.8% in the 3rd quarter. Sound Income Strategies LLC now owns 13,208 shares of the oil and gas company’s stock valued at $1,502,000 after purchasing an additional 3,107 shares during the period. Finally, Intl Fcstone Inc. bought a new stake in shares of Valero Energy in the 3rd quarter valued at about $207,000. 80.90% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Randall J. Weisenburger purchased 25,000 shares of the stock in a transaction on Tuesday, December 11th. The shares were purchased at an average cost of $72.74 per share, with a total value of $1,818,500.00. Following the acquisition, the director now directly owns 53,717 shares in the company, valued at $3,907,374.58. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.41% of the stock is owned by corporate insiders.

A number of equities research analysts have recently issued reports on VLO shares. Goldman Sachs Group cut shares of Valero Energy from a “neutral” rating to a “sell” rating in a report on Friday, October 19th. Wells Fargo & Co dropped their target price on shares of Valero Energy from $141.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Raymond James dropped their target price on shares of Valero Energy from $141.00 to $117.00 and set an “outperform” rating on the stock in a report on Friday, October 26th. Morgan Stanley dropped their target price on shares of Valero Energy from $145.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Finally, Credit Suisse Group raised shares of Valero Energy from a “neutral” rating to an “outperform” rating and dropped their target price for the company from $135.00 to $120.00 in a report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. Valero Energy has a consensus rating of “Buy” and a consensus price target of $112.01.

Valero Energy stock opened at $83.46 on Thursday. The stock has a market capitalization of $34.93 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 1.41 and a beta of 1.14. The company has a current ratio of 1.59, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39. Valero Energy Co. has a twelve month low of $68.81 and a twelve month high of $126.98.

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, beating the Thomson Reuters’ consensus estimate of $1.03 by $1.09. The firm had revenue of $28.73 billion for 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 13.60%. As a group, equities analysts forecast that Valero Energy Co. will post 7.48 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 5th. Shareholders of record on Wednesday, February 13th will be issued a $0.90 dividend. This is a boost from Valero Energy’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 4.31%. The ex-dividend date is Tuesday, February 12th. Valero Energy’s dividend payout ratio is currently 43.42%.

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About Valero Energy

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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