Lake Point Wealth Management Invests $117,000 in Valero Energy Co. (VLO)

Lake Point Wealth Management purchased a new position in Valero Energy Co. (NYSE:VLO) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,535 shares of the oil and gas company’s stock, valued at approximately $117,000.

A number of other hedge funds and other institutional investors have also modified their holdings of VLO. WealthPLAN Partners LLC increased its holdings in Valero Energy by 5.7% in the fourth quarter. WealthPLAN Partners LLC now owns 3,791 shares of the oil and gas company’s stock valued at $320,000 after purchasing an additional 203 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Valero Energy in the fourth quarter worth about $91,065,000. Psagot Investment House Ltd. bought a new stake in shares of Valero Energy in the fourth quarter worth about $91,000. EP Wealth Advisors LLC increased its holdings in shares of Valero Energy by 91.7% in the fourth quarter. EP Wealth Advisors LLC now owns 11,190 shares of the oil and gas company’s stock worth $839,000 after acquiring an additional 5,353 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Valero Energy by 5.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 311,217 shares of the oil and gas company’s stock worth $23,332,000 after acquiring an additional 16,880 shares in the last quarter. 79.22% of the stock is currently owned by institutional investors.

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

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, January 31st. The oil and gas company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.03 by $1.09. The company 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%. Equities analysts expect that Valero Energy Co. will post 6.75 EPS for the current year.

Several equities research analysts have issued reports on VLO shares. Argus set a $110.00 price target on Valero Energy and gave the stock a “buy” rating in a report on Tuesday, February 5th. Standpoint Research downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Zacks Investment Research upgraded Valero Energy from a “strong sell” rating to a “hold” rating in a report on Saturday, January 5th. Goldman Sachs Group upgraded Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 price target for the company in a report on Friday, January 25th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Valero Energy in a report on Monday, March 25th. One 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 company presently has a consensus rating of “Buy” and a consensus price target of $113.32.

In other news, Director Stephen M. Waters acquired 500 shares of Valero Energy stock in a transaction dated Wednesday, February 20th. The stock was bought at an average cost 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 through the SEC website. 0.38% of the stock is owned by corporate insiders.

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Valero Energy Company 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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