IFC Holdings Incorporated FL Raises Stake in Valero Energy Corporation (VLO)
IFC Holdings Incorporated FL boosted its stake in Valero Energy Corporation (NYSE:VLO) by 19.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,740 shares of the oil and gas company’s stock after buying an additional 2,560 shares during the period. IFC Holdings Incorporated FL’s holdings in Valero Energy Corporation were worth $1,061,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its stake in Valero Energy Corporation by 3.9% in the second quarter. Teacher Retirement System of Texas now owns 488,107 shares of the oil and gas company’s stock valued at $32,928,000 after buying an additional 18,188 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Valero Energy Corporation by 24.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 224,183 shares of the oil and gas company’s stock valued at $15,157,000 after buying an additional 43,841 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Valero Energy Corporation by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 3,513,061 shares of the oil and gas company’s stock valued at $236,992,000 after buying an additional 116,341 shares during the last quarter. Wetherby Asset Management Inc. boosted its stake in Valero Energy Corporation by 0.6% in the second quarter. Wetherby Asset Management Inc. now owns 6,067 shares of the oil and gas company’s stock valued at $409,000 after buying an additional 38 shares during the last quarter. Finally, Trexquant Investment LP boosted its stake in Valero Energy Corporation by 68.8% in the second quarter. Trexquant Investment LP now owns 13,500 shares of the oil and gas company’s stock valued at $911,000 after buying an additional 5,500 shares during the last quarter. 78.88% of the stock is owned by institutional investors and hedge funds.
Valero Energy Corporation (NYSE:VLO) opened at 64.75 on Monday. Valero Energy Corporation has a 52 week low of $51.17 and a 52 week high of $71.40. The stock has a 50 day moving average price of $67.47 and a 200 day moving average price of $66.09. The company 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 (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The company had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter last year, the business posted $1.07 earnings per share. The firm’s revenue was up 13.6% compared to the same quarter last year. On average, equities analysts forecast that Valero Energy Corporation will post $4.01 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 9th will be given a $0.70 dividend. The ex-dividend date is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.32%. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 69.14%.
VLO has been the topic of a number of recent research reports. BidaskClub lowered Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday. US Capital Advisors lowered Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research note on Thursday. Scotiabank set a $70.00 price objective on Valero Energy Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. Citigroup Inc. lowered 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, 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 on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target 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 sale, the director now owns 9,866 shares in the company, valued at $638,132.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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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