Sawtooth Solutions LLC Purchases 2,691 Shares of Valero Energy Corporation (VLO)
Sawtooth Solutions LLC raised its position in Valero Energy Corporation (NYSE:VLO) by 17.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,169 shares of the oil and gas company’s stock after acquiring an additional 2,691 shares during the period. Sawtooth Solutions LLC’s holdings in Valero Energy Corporation were worth $1,226,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Valero Energy Corporation by 2,578.1% in the 1st quarter. BlackRock Inc. now owns 38,217,393 shares of the oil and gas company’s stock valued at $2,533,433,000 after acquiring an additional 36,790,343 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Valero Energy Corporation by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 33,405,279 shares of the oil and gas company’s stock worth $2,214,436,000 after buying an additional 827,661 shares in the last quarter. LSV Asset Management raised its holdings in shares of Valero Energy Corporation by 6.3% in the 1st quarter. LSV Asset Management now owns 8,710,850 shares of the oil and gas company’s stock worth $577,442,000 after buying an additional 514,850 shares in the last quarter. American International Group Inc. raised its holdings in shares of Valero Energy Corporation by 1.4% in the 1st 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 in the last quarter. Finally, APG Asset Management N.V. raised its holdings in shares of Valero Energy Corporation by 1.9% in the 2nd quarter. APG Asset Management N.V. now owns 5,103,965 shares of the oil and gas company’s stock worth $344,313,000 after buying an additional 97,550 shares in the last quarter. 80.75% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Susan Kaufman Purcell sold 5,151 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were 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 approximately $638,132.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.45% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Credit Suisse Group reaffirmed a “hold” rating and set a $65.00 price target on shares of Valero Energy Corporation in a report on Wednesday, June 21st. Morgan Stanley lowered Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $77.00 to $70.00 in a research report on Tuesday, May 30th. BidaskClub upgraded Valero Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) lowered Valero Energy Corporation from a “buy” rating to a “neutral” rating and raised their price target for the stock from $65.55 to $73.00 in a research report on Tuesday, May 16th. Finally, Scotiabank set a $70.00 price target on Valero Energy Corporation and gave the stock a “buy” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $72.56.
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Shares of Valero Energy Corporation (NYSE VLO) opened at 69.20 on Monday. Valero Energy Corporation has a 52-week low of $51.17 and a 52-week high of $71.40. The firm has a market cap of $30.56 billion, a P/E ratio of 17.08 and a beta of 1.19. The company has a 50 day moving average price of $67.37 and a 200-day moving average price of $66.17.
Valero Energy Corporation (NYSE:VLO) last posted its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $22.25 billion for the quarter, compared to analyst estimates of $19.32 billion. During the same quarter in the prior year, the business posted $1.07 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year. On average, analysts expect that Valero Energy Corporation will post $4.04 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 9th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.05%. Valero Energy Corporation’s dividend payout ratio is presently 69.14%.
Valero Energy Corporation 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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