Valero Energy Corporation (NYSE:VLO) Stake Boosted by Meeder Asset Management Inc.
Meeder Asset Management Inc. boosted its stake in Valero Energy Corporation (NYSE:VLO) by 7.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,547 shares of the oil and gas company’s stock after buying an additional 5,349 shares during the period. Meeder Asset Management Inc.’s holdings in Valero Energy Corporation were worth $5,008,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. LSV Asset Management boosted its stake in shares of Valero Energy Corporation by 6.3% in the first quarter. LSV Asset Management now owns 8,710,850 shares of the oil and gas company’s stock valued at $577,442,000 after buying an additional 514,850 shares in the last quarter. American International Group Inc. boosted its stake in shares of Valero Energy Corporation by 1.4% in the first quarter. American International Group Inc. now owns 7,539,695 shares of the oil and gas company’s stock worth $499,806,000 after buying an additional 102,794 shares during the period. Norges Bank bought a new stake in shares of Valero Energy Corporation during the fourth quarter worth $370,542,000. APG Asset Management N.V. boosted its stake in shares of Valero Energy Corporation by 4.5% in the first quarter. APG Asset Management N.V. now owns 5,006,415 shares of the oil and gas company’s stock worth $331,875,000 after buying an additional 216,881 shares during the period. Finally, Investec Asset Management LTD boosted its stake in shares of Valero Energy Corporation by 2.8% in the first quarter. Investec Asset Management LTD now owns 3,936,105 shares of the oil and gas company’s stock worth $260,924,000 after buying an additional 106,794 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.
Shares of Valero Energy Corporation (VLO) traded down 0.31% during trading on Tuesday, reaching $67.79. The company’s stock had a trading volume of 3,114,863 shares. The firm has a market capitalization of $30.32 billion, a P/E ratio of 16.75 and a beta of 1.21. The company has a 50 day moving average price of $67.37 and a 200 day moving average price of $66.14. Valero Energy Corporation has a 52 week low of $51.17 and a 52 week high of $71.40.
Valero Energy Corporation (NYSE:VLO) last issued its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $19.32 billion. During the same period in the prior year, the business earned $1.07 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts expect that Valero Energy Corporation will post $4.00 EPS for the current fiscal year.
The company also recently announced 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 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Monday, August 7th. Valero Energy Corporation’s dividend payout ratio is 69.14%.
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VLO has been the subject of a number of analyst reports. Credit Suisse Group restated a “hold” rating and set a $65.00 price objective on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Standpoint Research initiated coverage on Valero Energy Corporation in a research note on Friday, June 30th. They set an “accumulate” rating and a $84.00 price objective for the company. Scotiabank set a $70.00 price objective on Valero Energy Corporation and gave the stock a “buy” rating in a research note on Monday, June 26th. ValuEngine upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, Royal Bank Of Canada increased their price target on Valero Energy Corporation from $77.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. Valero Energy Corporation currently has an average 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 company’s 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 completion of the sale, the director now directly owns 9,866 shares in the company, valued at approximately $638,132.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is currently owned by corporate insiders.
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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