Venturi Wealth Management LLC Sells 3,748 Shares of Valero Energy Co. (NYSE:VLO)

Venturi Wealth Management LLC cut its holdings in Valero Energy Co. (NYSE:VLO) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,549 shares of the oil and gas company’s stock after selling 3,748 shares during the period. Valero Energy comprises approximately 1.2% of Venturi Wealth Management LLC’s portfolio, making the stock its 23rd biggest holding. Venturi Wealth Management LLC’s holdings in Valero Energy were worth $9,885,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Mechanics Bank Trust Department purchased a new position in Valero Energy in the third quarter valued at approximately $31,000. Allworth Financial LP lifted its stake in Valero Energy by 70.4% in the fourth quarter. Allworth Financial LP now owns 334 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 138 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in Valero Energy in the third quarter valued at approximately $33,000. Griffin Asset Management Inc. purchased a new position in Valero Energy in the second quarter valued at approximately $34,000. Finally, Executive Wealth Management LLC lifted its stake in Valero Energy by 102.5% in the third quarter. Executive Wealth Management LLC now owns 399 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 202 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

Shares of NYSE:VLO traded down $2.73 during trading on Monday, hitting $86.54. 276,862 shares of the company were exchanged, compared to its average volume of 2,768,795. The company has a market cap of $36.65 billion, a PE ratio of 15.65, a P/E/G ratio of 1.18 and a beta of 1.46. The stock has a 50 day moving average of $93.49 and a 200 day moving average of $88.47. Valero Energy Co. has a 52-week low of $69.44 and a 52-week high of $101.99. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.40 and a quick ratio of 0.88.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.13. Valero Energy had a return on equity of 10.37% and a net margin of 2.12%. The firm had revenue of $27.25 billion for the quarter, compared to the consensus estimate of $25.93 billion. During the same quarter in the prior year, the business posted $2.01 earnings per share. The business’s quarterly revenue was down 11.7% on a year-over-year basis. Sell-side analysts forecast that Valero Energy Co. will post 4.95 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 12th will be given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend is Tuesday, February 11th. This is an increase from Valero Energy’s previous quarterly dividend of $0.90. Valero Energy’s dividend payout ratio (DPR) is 48.85%.

In related news, CEO Joseph W. Gorder sold 21,400 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $95.57, for a total value of $2,045,198.00. Following the sale, the chief executive officer now owns 424,917 shares in the company, valued at $40,609,317.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.38% of the company’s stock.

VLO has been the topic of several research analyst reports. ValuEngine upgraded Valero Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 26th. Barclays started coverage on Valero Energy in a research report on Tuesday, January 14th. They set an “overweight” rating and a $116.00 target price on the stock. Morgan Stanley increased their target price on Valero Energy from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Goldman Sachs Group set a $104.00 target price on Valero Energy and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Co increased their target price on Valero Energy from $108.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $105.75.

Valero Energy Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.

Further Reading: Neutral Rating

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

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