Valero Energy Corporation (VLO) Shares Bought by Good Life Advisors LLC
Good Life Advisors LLC boosted its stake in shares of Valero Energy Corporation (NYSE:VLO) by 34.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,743 shares of the oil and gas company’s stock after buying an additional 1,477 shares during the period. Good Life Advisors LLC’s holdings in Valero Energy Corporation were worth $375,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Tompkins Financial Corp boosted its position in shares of Valero Energy Corporation by 190.3% in the first quarter. Tompkins Financial Corp now owns 1,701 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 1,115 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new position in shares of Valero Energy Corporation during the first quarter valued at approximately $127,000. Americafirst Capital Management LLC boosted its position in shares of Valero Energy Corporation by 47.6% in the first quarter. Americafirst Capital Management LLC now owns 2,181 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 703 shares in the last quarter. Advantage Investment Management LLC purchased a new position in shares of Valero Energy Corporation during the fourth quarter valued at approximately $167,000. Finally, Sandy Spring Bank boosted its position in shares of Valero Energy Corporation by 96.9% in the first quarter. Sandy Spring Bank now owns 2,712 shares of the oil and gas company’s stock valued at $179,000 after buying an additional 1,335 shares in the last quarter. 79.22% of the stock is owned by institutional investors.
Shares of Valero Energy Corporation (NYSE:VLO) traded up 0.04% during trading on Friday, reaching $68.53. 3,201,106 shares of the company were exchanged. The firm has a market capitalization of $30.65 billion, a P/E ratio of 16.94 and a beta of 1.21. Valero Energy Corporation has a 1-year low of $51.17 and a 1-year high of $71.40. The firm’s 50 day moving average is $67.10 and its 200 day moving average is $66.09.
Valero Energy Corporation (NYSE:VLO) last released its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue was up 13.6% compared to the same quarter last year. On average, equities analysts anticipate that Valero Energy Corporation will post $4.00 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Monday, August 7th. Valero Energy Corporation’s payout ratio is presently 69.14%.
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Several brokerages recently commented on VLO. BidaskClub cut shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. US Capital Advisors reaffirmed an “overweight” rating on shares of Valero Energy Corporation in a research note on Monday, May 22nd. Scotiabank set a $70.00 price objective on shares of Valero Energy Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. Royal Bank Of Canada boosted their price objective on shares of Valero Energy Corporation from $77.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Valero Energy Corporation in a research note on Thursday, May 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $71.59.
In other Valero Energy Corporation news, Director Susan Kaufman Purcell sold 5,151 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 9,866 shares of the company’s stock, valued at $638,132.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.45% of the company’s stock.
About Valero Energy Corporation
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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