CWM Advisors LLC Grows Position in Valero Energy Co. (NYSE:VLO)

CWM Advisors LLC grew its holdings in Valero Energy Co. (NYSE:VLO) by 40.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,910 shares of the oil and gas company’s stock after buying an additional 1,119 shares during the period. CWM Advisors LLC’s holdings in Valero Energy were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Tortoise Capital Advisors L.L.C. grew its position in Valero Energy by 265.9% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 122,614 shares of the oil and gas company’s stock valued at $13,947,000 after buying an additional 89,107 shares during the period. Westpac Banking Corp grew its holdings in shares of Valero Energy by 4.7% in the third quarter. Westpac Banking Corp now owns 58,587 shares of the oil and gas company’s stock valued at $6,664,000 after purchasing an additional 2,604 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Valero Energy by 5.3% in the third quarter. D.A. Davidson & CO. now owns 17,718 shares of the oil and gas company’s stock valued at $2,016,000 after purchasing an additional 894 shares in the last quarter. Brown Advisory Inc. grew its holdings in Valero Energy by 7.4% during the 3rd quarter. Brown Advisory Inc. now owns 13,375 shares of the oil and gas company’s stock worth $1,522,000 after acquiring an additional 923 shares in the last quarter. Finally, Banco Santander S.A. grew its holdings in Valero Energy by 430.0% during the 3rd quarter. Banco Santander S.A. now owns 10,928 shares of the oil and gas company’s stock worth $1,243,000 after acquiring an additional 8,866 shares in the last quarter. 79.22% of the stock is owned by institutional investors and hedge funds.

In related news, Director Stephen M. Waters bought 500 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were purchased at an average price of $84.97 per share, with a total value of $42,485.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.38% of the company’s stock.

Several analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Valero Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Argus set a $110.00 price objective on shares of Valero Energy and gave the company a “buy” rating in a research note on Tuesday, February 5th. Credit Suisse Group reiterated an “outperform” rating on shares of Valero Energy in a report on Monday, March 25th. Zacks Investment Research raised shares of Valero Energy from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 5th. Finally, Raymond James decreased their price target on shares of Valero Energy from $105.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, December 31st. One investment 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 an average target price of $113.32.

Shares of VLO traded down $1.38 on Friday, reaching $88.04. 2,670,278 shares of the stock traded hands, compared to its average volume of 3,097,336. Valero Energy Co. has a 12 month low of $68.81 and a 12 month high of $126.98. The stock has a market cap of $36.77 billion, a PE ratio of 11.95, a P/E/G ratio of 1.63 and a beta of 1.17. The company has a current ratio of 1.65, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data 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. Valero Energy had a return on equity of 13.63% and a net margin of 2.67%. The company had revenue of $28.73 billion for the quarter, compared to analyst estimates of $23.26 billion. Equities analysts forecast that Valero Energy Co. will post 6.75 earnings per share 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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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

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