Thrivent Financial for Lutherans Boosts Position in Valero Energy Co. (NYSE:VLO)

Thrivent Financial for Lutherans grew its holdings in Valero Energy Co. (NYSE:VLO) by 1.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,834 shares of the oil and gas company’s stock after buying an additional 332 shares during the period. Thrivent Financial for Lutherans’ holdings in Valero Energy were worth $1,412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of VLO. Sontag Advisory LLC purchased a new position in shares of Valero Energy during the 4th quarter worth about $25,000. Athena Capital Advisors LLC bought a new stake in Valero Energy during the 4th quarter valued at about $28,000. Strategic Wealth Partners Ltd. lifted its holdings in Valero Energy by 876.2% during 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 in the last quarter. JNBA Financial Advisors raised its holdings in shares of 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 purchasing an additional 252 shares in the last quarter. Finally, PRW Wealth Management LLC bought a new stake in shares of Valero Energy in the 4th quarter valued at about $34,000. 79.21% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on VLO shares. Macquarie raised shares of Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 price target on the stock in a report on Friday, January 18th. Goldman Sachs Group raised shares of Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 price objective for the company in a report on Friday, January 25th. Standpoint Research lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Valero Energy in a research note on Thursday, January 10th. Finally, Wolfe Research raised shares of Valero Energy from a “peer perform” rating to an “outperform” rating in a research note on Friday, March 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $112.75.

In other Valero Energy news, Director Stephen M. Waters bought 500 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were acquired at an average cost of $84.97 per share, with a total value of $42,485.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.38% of the company’s stock.

VLO stock opened at $90.08 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.65. Valero Energy Co. has a twelve month low of $68.81 and a twelve month high of $126.98. The company has a market cap of $37.62 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 1.70 and a beta of 1.17.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The company had revenue of $24.26 billion for the quarter, compared to analysts’ expectations of $24.38 billion. Valero Energy had a net margin of 2.67% and a return on equity of 13.63%. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter last year, the company earned $1.00 earnings per share. As a group, analysts predict that Valero Energy Co. will post 6.63 earnings per share for the current 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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