Legal & General Group Plc Increases Position in Valero Energy Corporation (NYSE:VLO)
Legal & General Group Plc increased its position in Valero Energy Corporation (NYSE:VLO) by 3.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,701,402 shares of the oil and gas company’s stock after buying an additional 95,614 shares during the period. Legal & General Group Plc owned approximately 0.60% of Valero Energy Corporation worth $179,086,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of VLO. LBA Wealth Management LLC increased its stake in Valero Energy Corporation by 0.6% in the first quarter. LBA Wealth Management LLC now owns 13,198 shares of the oil and gas company’s stock worth $875,000 after buying an additional 75 shares in the last quarter. Edge Asset Management Inc. boosted its position in Valero Energy Corporation by 26.2% in the first quarter. Edge Asset Management Inc. now owns 254,041 shares of the oil and gas company’s stock worth $16,840,000 after buying an additional 52,798 shares during the last quarter. Comerica Securities Inc. boosted its position in Valero Energy Corporation by 113.7% in the first quarter. Comerica Securities Inc. now owns 16,256 shares of the oil and gas company’s stock worth $1,078,000 after buying an additional 8,648 shares during the last quarter. Lee Danner & Bass Inc. boosted its position in Valero Energy Corporation by 30.0% in the first quarter. Lee Danner & Bass Inc. now owns 14,529 shares of the oil and gas company’s stock worth $963,000 after buying an additional 3,350 shares during the last quarter. Finally, Parkwood LLC boosted its position in Valero Energy Corporation by 48.6% in the first quarter. Parkwood LLC now owns 51,857 shares of the oil and gas company’s stock worth $3,438,000 after buying an additional 16,966 shares during the last quarter. 79.22% of the stock is owned by hedge funds and other institutional investors.
Valero Energy Corporation (NYSE:VLO) traded up 0.04% during trading on Friday, hitting $68.53. The stock had a trading volume of 3,201,345 shares. Valero Energy Corporation has a 12 month low of $51.17 and a 12 month high of $71.40. The stock has a market cap of $30.65 billion, a price-to-earnings ratio of 16.94 and a beta of 1.21. The stock has a 50 day moving average price of $67.10 and a 200-day moving average price of $66.09.
Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.58% and a net margin of 2.17%. The firm had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $19.32 billion. During the same period in the prior year, the firm posted $1.07 earnings per share. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. On average, equities analysts predict that Valero Energy Corporation will post $4.00 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Monday, August 7th. Valero Energy Corporation’s payout ratio is currently 69.14%.
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A number of equities analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) cut Valero Energy Corporation from a “buy” rating to a “neutral” rating and increased their target price for the stock from $65.55 to $73.00 in a report on Tuesday, May 16th. BidaskClub cut Valero Energy Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Jefferies Group LLC upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating and raised their price objective for the company from $65.00 to $80.00 in a research note on Thursday, June 22nd. Citigroup Inc. dropped their price objective on Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, July 17th. Finally, US Capital Advisors reaffirmed an “overweight” rating on shares of Valero Energy Corporation in a research report on Monday, May 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $71.59.
In related news, Director Susan Kaufman Purcell sold 5,151 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total value of $333,166.68. Following the transaction, the director now owns 9,866 shares of the company’s stock, valued at $638,132.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.45% of the stock is currently owned by company insiders.
Valero Energy Corporation Company Profile
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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