Valero Energy Corp. (VLO) Shares Sold by Macquarie Group Ltd.
Macquarie Group Ltd. cut its position in shares of Valero Energy Corp. (NYSE:VLO) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,613 shares of the company’s stock after selling 7,702 shares during the period. Macquarie Group Ltd. owned 0.06% of Valero Energy Corp. worth $14,005,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in VLO. Vanguard Group Inc. raised its stake in Valero Energy Corp. by 1.8% in the second quarter. Vanguard Group Inc. now owns 32,767,093 shares of the company’s stock worth $1,671,122,000 after buying an additional 565,217 shares during the period. State Street Corp raised its stake in Valero Energy Corp. by 0.7% in the second quarter. State Street Corp now owns 25,603,885 shares of the company’s stock worth $1,305,805,000 after buying an additional 172,622 shares during the period. Bank of New York Mellon Corp raised its stake in Valero Energy Corp. by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 11,867,349 shares of the company’s stock worth $605,236,000 after buying an additional 351,131 shares during the period. BlackRock Fund Advisors raised its stake in Valero Energy Corp. by 5.9% in the second quarter. BlackRock Fund Advisors now owns 7,604,021 shares of the company’s stock worth $387,805,000 after buying an additional 423,704 shares during the period. Finally, LSV Asset Management raised its stake in Valero Energy Corp. by 1.9% in the second quarter. LSV Asset Management now owns 7,433,137 shares of the company’s stock worth $379,089,000 after buying an additional 138,272 shares during the period. 77.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Valero Energy Corp. (NYSE:VLO) traded up 0.45% during midday trading on Tuesday, hitting $64.08. The company had a trading volume of 2,021,239 shares. The stock has a market capitalization of $29.01 billion, a price-to-earnings ratio of 13.59 and a beta of 1.45. Valero Energy Corp. has a one year low of $46.88 and a one year high of $73.70. The stock’s 50-day moving average price is $59.28 and its 200-day moving average price is $54.96.
Valero Energy Corp. (NYSE:VLO) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.31. The business had revenue of $19.65 billion for the quarter, compared to the consensus estimate of $19.49 billion. Valero Energy Corp. had a return on equity of 10.40% and a net margin of 3.01%. The firm’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.79 earnings per share. Analysts predict that Valero Energy Corp. will post $3.71 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, November 22nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Friday, November 18th. Valero Energy Corp.’s payout ratio is presently 50.74%.
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A number of analysts have issued reports on VLO shares. Vetr lowered Valero Energy Corp. from a “buy” rating to a “hold” rating and set a $65.26 target price on the stock. in a report on Thursday, November 10th. Scotiabank reissued a “sector outperform” rating and set a $62.00 price objective (up previously from $58.00) on shares of Valero Energy Corp. in a report on Wednesday, October 26th. Jefferies Group began coverage on Valero Energy Corp. in a report on Tuesday, August 23rd. They set a “buy” rating and a $66.00 price objective on the stock. 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. Finally, Howard Weil lifted their price objective on Valero Energy Corp. from $58.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Wednesday, October 26th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Valero Energy Corp. currently has an average rating of “Buy” and a consensus price target of $68.91.
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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