Fisher Asset Management LLC Has $7,513,000 Stake in Valero Energy Corp. (VLO)
Fisher Asset Management LLC lowered its stake in Valero Energy Corp. (NYSE:VLO) by 14.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 141,750 shares of the company’s stock after selling 24,636 shares during the period. Fisher Asset Management LLC’s holdings in Valero Energy Corp. were worth $7,513,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the company. Seven Eight Capital LLC acquired a new stake in Valero Energy Corp. during the first quarter valued at about $348,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Valero Energy Corp. by 32.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 33,360 shares of the company’s stock valued at $2,133,000 after buying an additional 8,232 shares in the last quarter. First Republic Investment Management Inc. increased its stake in Valero Energy Corp. by 36.8% in the first quarter. First Republic Investment Management Inc. now owns 138,729 shares of the company’s stock valued at $8,899,000 after buying an additional 37,327 shares in the last quarter. Summit Financial Wealth Advisors LLC acquired a new stake in Valero Energy Corp. during the second quarter valued at about $787,000. Finally, Fulton Bank N.A. increased its stake in Valero Energy Corp. by 11.8% in the second quarter. Fulton Bank N.A. now owns 18,489 shares of the company’s stock valued at $943,000 after buying an additional 1,949 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.
Shares of Valero Energy Corp. (NYSE:VLO) traded down 1.65% during midday trading on Monday, hitting $63.79. The stock had a trading volume of 4,638,419 shares. The stock has a market capitalization of $28.88 billion, a price-to-earnings ratio of 13.53 and a beta of 1.45. The stock has a 50 day moving average price of $59.00 and a 200-day moving average price of $54.91. Valero Energy Corp. has a 52 week low of $46.88 and a 52 week high of $73.70.
Valero Energy Corp. (NYSE:VLO) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.31. Valero Energy Corp. had a net margin of 3.01% and a return on equity of 10.40%. The company earned $19.65 billion during the quarter, compared to analyst estimates of $19.49 billion. During the same period last year, the firm posted $2.79 EPS. Valero Energy Corp.’s revenue for the quarter was down 13.0% compared to the same quarter last year. Equities research analysts anticipate that Valero Energy Corp. will post $3.71 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, November 22nd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Friday, November 18th. Valero Energy Corp.’s dividend payout ratio is presently 50.74%.
Several equities research analysts have issued reports on VLO shares. Vetr downgraded Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $60.89 price objective on the stock. in a report on Wednesday, August 3rd. Piper Jaffray Cos. lifted their price objective on Valero Energy Corp. from $48.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, August 22nd. Jefferies Group started coverage on Valero Energy Corp. in a research report on Tuesday, August 23rd. They issued a “buy” rating and a $66.00 target price for the company. Zacks Investment Research upgraded Valero Energy Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, September 6th. Finally, Citigroup Inc. lifted their target price on Valero Energy Corp. from $58.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, October 19th. Eight investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $69.36.
Valero Energy Corp. Company Profile
Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland.
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