Calamos Advisors LLC lessened its stake in Valero Energy Co. (NYSE:VLO) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,832 shares of the oil and gas company’s stock after selling 2,563 shares during the period. Calamos Advisors LLC’s holdings in Valero Energy were worth $6,602,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Tortoise Capital Advisors L.L.C. increased its holdings in Valero Energy by 265.9% during the 3rd 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 purchasing an additional 89,107 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Valero Energy during the 3rd quarter valued at $8,382,000. EP Wealth Advisors LLC acquired a new stake in Valero Energy during the 3rd quarter valued at $664,000. HBK Sorce Advisory LLC acquired a new stake in Valero Energy during the 3rd quarter valued at $228,000. Finally, Wakefield Asset Management LLLP acquired a new stake in Valero Energy during the 3rd quarter valued at $3,930,000. 79.20% of the stock is currently owned by institutional investors.
In related news, Director Stephen M. Waters purchased 500 shares of Valero Energy stock in a transaction dated Wednesday, February 20th. The shares were acquired at an average cost of $84.97 per share, for a total transaction of $42,485.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is owned by company insiders.
Shares of VLO opened at $88.41 on Friday. The firm has a market capitalization of $37.18 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.62 and a beta of 1.17. 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 52 week low of $68.81 and a 52 week high of $126.98.
Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, January 31st. The oil and gas company reported $2.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $1.09. Valero Energy had a return on equity of 13.63% and a net margin of 2.67%. The business had revenue of $28.73 billion for the quarter, compared to analyst estimates of $23.26 billion. Analysts forecast that Valero Energy Co. will post 6.87 EPS for the current year.
VLO has been the topic of a number of recent research reports. Standpoint Research lowered Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Raymond James decreased their price objective on Valero Energy from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, December 31st. Credit Suisse Group reiterated an “outperform” rating on shares of Valero Energy in a research report on Monday, March 25th. Wolfe Research upgraded Valero Energy from a “peer perform” rating to an “outperform” rating in a research report on Friday, March 8th. Finally, ValuEngine lowered Valero Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, January 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. Valero Energy currently has an average rating of “Buy” and a consensus price target of $113.32.
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: Convertible Shares
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