First Quadrant L P CA Raises Stake in Valero Energy Corporation (NYSE:VLO)
First Quadrant L P CA boosted its stake in Valero Energy Corporation (NYSE:VLO) by 27.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 488,462 shares of the oil and gas company’s stock after buying an additional 106,539 shares during the period. Valero Energy Corporation accounts for about 0.7% of First Quadrant L P CA’s investment portfolio, making the stock its 21st largest position. First Quadrant L P CA owned approximately 0.11% of Valero Energy Corporation worth $32,952,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of VLO. Tompkins Financial Corp raised its stake in 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 during the last quarter. Independent Portfolio Consultants Inc. raised its stake in Valero Energy Corporation by 62.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 619 shares during the last quarter. Guardian Life Insurance Co. of America raised its stake in Valero Energy Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock valued at $116,000 after buying an additional 11 shares during the last quarter. Thompson Davis & CO. Inc. purchased a new stake in Valero Energy Corporation during the first quarter valued at $127,000. Finally, Americafirst Capital Management LLC raised its stake in 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 during the last quarter. 78.88% of the stock is owned by institutional investors.
Valero Energy Corporation (VLO) traded up 0.31% during mid-day trading on Friday, reaching $64.75. 3,082,623 shares of the company’s stock were exchanged. The firm has a market cap of $28.60 billion, a price-to-earnings ratio of 15.98 and a beta of 1.21. Valero Energy Corporation has a 12 month low of $51.17 and a 12 month high of $71.40. The stock has a 50-day moving average of $67.47 and a 200-day moving average of $66.09.
Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The firm 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 company posted $1.07 EPS. The company’s revenue was up 13.6% on a year-over-year basis. Analysts anticipate that Valero Energy Corporation will post $4.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.32%. The ex-dividend date is Monday, August 7th. Valero Energy Corporation’s dividend payout ratio (DPR) is currently 69.14%.
VLO has been the subject of several recent analyst reports. Standpoint Research initiated coverage on shares of Valero Energy Corporation in a report 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 shares of Valero Energy Corporation and gave the stock a “buy” rating in a report on Monday, June 26th. Jefferies Group LLC raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and raised their price objective for the stock from $65.00 to $80.00 in a report on Thursday, June 22nd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Valero Energy Corporation in a report on Wednesday, April 26th. Finally, ValuEngine raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target 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 that occurred on Wednesday, June 21st. The shares were 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 in the company, valued at approximately $638,132.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.45% of the company’s stock.
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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