Barometer Capital Management Inc. Takes $8.70 Million Position in Valero Energy Co. (VLO)

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Barometer Capital Management Inc. bought a new position in Valero Energy Co. (NYSE:VLO) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 102,550 shares of the oil and gas company’s stock, valued at approximately $8,699,000. Valero Energy makes up approximately 1.0% of Barometer Capital Management Inc.’s investment portfolio, making the stock its 29th biggest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Proffitt & Goodson Inc. increased its holdings in Valero Energy by 227.5% in the 1st quarter. Proffitt & Goodson Inc. now owns 5,069 shares of the oil and gas company’s stock valued at $430,000 after purchasing an additional 3,521 shares during the last quarter. Cozad Asset Management Inc. increased its holdings in Valero Energy by 14.1% in the 1st quarter. Cozad Asset Management Inc. now owns 16,552 shares of the oil and gas company’s stock valued at $1,404,000 after purchasing an additional 2,045 shares during the last quarter. Community Bank & Trust Waco Texas increased its holdings in Valero Energy by 5.1% in the 1st quarter. Community Bank & Trust Waco Texas now owns 36,795 shares of the oil and gas company’s stock valued at $3,121,000 after purchasing an additional 1,770 shares during the last quarter. Pennsylvania Trust Co acquired a new stake in Valero Energy in the 1st quarter valued at approximately $4,703,000. Finally, Unison Advisors LLC increased its holdings in Valero Energy by 1.0% in the 1st quarter. Unison Advisors LLC now owns 13,813 shares of the oil and gas company’s stock valued at $1,172,000 after purchasing an additional 139 shares during the last quarter. 79.22% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on VLO shares. Macquarie upgraded shares of Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 price target for the company in a research note on Friday, January 18th. Goldman Sachs Group upgraded shares of Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 price target for the company in a research note on Friday, January 25th. Standpoint Research downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. Piper Jaffray Companies restated an “overweight” rating on shares of Valero Energy in a research note on Thursday, January 10th. Finally, Wolfe Research upgraded 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 given a hold rating and twelve have assigned a buy rating to the company. The stock currently 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 the firm’s stock in a transaction dated Wednesday, February 20th. The stock was acquired at an average cost of $84.97 per share, with a total value of $42,485.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.38% of the stock is currently owned by insiders.

NYSE:VLO opened at $88.04 on Friday. The firm has a market capitalization of $36.77 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 1.59 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.65 and a quick ratio of 1.04. Valero Energy Co. has a 52 week low of $68.81 and a 52 week high of $126.98.

Valero Energy (NYSE:VLO) last released its quarterly earnings data 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. The business had revenue of $28.73 billion during the quarter, compared to analysts’ expectations of $23.26 billion. Valero Energy had a net margin of 2.67% and a return on equity of 13.63%. On average, sell-side analysts anticipate that Valero Energy Co. will post 6.89 earnings per share for the current fiscal year.

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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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