Sequoia Financial Advisors LLC Has $3.98 Million Position in Valero Energy Corporation (VLO)
Sequoia Financial Advisors LLC lifted its position in Valero Energy Corporation (NYSE:VLO) by 11.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,979 shares of the oil and gas company’s stock after purchasing an additional 6,124 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Valero Energy Corporation were worth $3,979,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. OLD Republic International Corp acquired a new position in Valero Energy Corporation in the first quarter valued at about $11,435,000. LBA Wealth Management LLC lifted its position in Valero Energy Corporation by 0.6% in the first quarter. LBA Wealth Management LLC now owns 13,198 shares of the oil and gas company’s stock valued at $875,000 after buying an additional 75 shares during the last quarter. Edge Asset Management Inc. lifted its position in Valero Energy Corporation by 26.2% in the first quarter. Edge Asset Management Inc. now owns 254,041 shares of the oil and gas company’s stock valued at $16,840,000 after buying an additional 52,798 shares during the last quarter. Snow Capital Management LP lifted its position in Valero Energy Corporation by 0.5% in the first quarter. Snow Capital Management LP now owns 19,003 shares of the oil and gas company’s stock valued at $1,260,000 after buying an additional 101 shares during the last quarter. Finally, Comerica Securities Inc. lifted its position in Valero Energy Corporation by 113.7% in the first quarter. Comerica Securities Inc. now owns 16,256 shares of the oil and gas company’s stock valued at $1,078,000 after buying an additional 8,648 shares during the last quarter. 80.75% of the stock is owned by hedge funds and other institutional investors.
Shares of Valero Energy Corporation (VLO) opened at 69.20 on Monday. The company has a 50-day moving average of $67.37 and a 200 day moving average of $66.17. Valero Energy Corporation has a one year low of $51.17 and a one year high of $71.40. The firm has a market cap of $30.56 billion, a PE ratio of 17.08 and a beta of 1.19.
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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.15. The business had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $19.32 billion. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 EPS. On average, equities research analysts expect that Valero Energy Corporation will post $4.04 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 9th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.05%. The ex-dividend date is Monday, August 7th. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 69.14%.
In related 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 transaction of $333,166.68. Following the transaction, the director now directly owns 9,866 shares of the company’s stock, valued at approximately $638,132.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.45% of the company’s stock.
A number of research analysts have commented on the stock. ValuEngine raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Friday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $77.00 target price on shares of Valero Energy Corporation in a research report on Thursday. Jefferies Group LLC decreased their target price on shares of Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, August 23rd. BidaskClub cut shares of Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Finally, US Capital Advisors cut shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research report on Thursday, August 17th. One equities research 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. The company currently has an average rating of “Buy” and a consensus target price of $72.56.
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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