Valero Energy Corporation (VLO) Shares Bought by LSV Asset Management
LSV Asset Management lifted its holdings in Valero Energy Corporation (NYSE:VLO) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,076,859 shares of the oil and gas company’s stock after acquiring an additional 366,009 shares during the period. Valero Energy Corporation makes up approximately 1.1% of LSV Asset Management’s portfolio, making the stock its 11th biggest position. LSV Asset Management owned approximately 2.03% of Valero Energy Corporation worth $612,324,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of VLO. Waldron LP raised its position in shares of Valero Energy Corporation by 45.7% in the 1st quarter. Waldron LP now owns 8,455 shares of the oil and gas company’s stock worth $560,000 after acquiring an additional 2,650 shares in the last quarter. Pegasus Partners Ltd. raised its position in shares of Valero Energy Corporation by 0.8% in the 1st quarter. Pegasus Partners Ltd. now owns 10,758 shares of the oil and gas company’s stock worth $713,000 after acquiring an additional 89 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp raised its position in shares of Valero Energy Corporation by 0.7% in the 1st quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 111,169 shares of the oil and gas company’s stock worth $7,369,000 after acquiring an additional 753 shares in the last quarter. Wetherby Asset Management Inc. raised its position in shares of Valero Energy Corporation by 3.8% in the 1st quarter. Wetherby Asset Management Inc. now owns 6,029 shares of the oil and gas company’s stock worth $400,000 after acquiring an additional 221 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Valero Energy Corporation by 8.6% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 37,742 shares of the oil and gas company’s stock worth $2,501,000 after acquiring an additional 2,977 shares in the last quarter. 80.75% of the stock is owned by hedge funds and other institutional investors.
VLO has been the subject of several research analyst reports. Standpoint Research initiated coverage on Valero Energy Corporation in a research report on Friday, June 30th. They issued an “accumulate” rating and a $84.00 price objective for the company. Citigroup Inc. lowered their price objective on Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, July 17th. BidaskClub raised Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Scotiabank set a $70.00 price objective on Valero Energy Corporation and gave the stock a “buy” rating in a research report on Monday, June 26th. Finally, Jefferies Group LLC raised Valero Energy Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $65.00 to $80.00 in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given 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 (NYSE:VLO) traded up 0.94% during trading on Wednesday, reaching $68.55. The company’s stock had a trading volume of 450,457 shares. The firm has a market cap of $30.28 billion, a PE ratio of 16.92 and a beta of 1.19. 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.
Valero Energy Corporation (NYSE:VLO) last announced its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, beating 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 business had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter last year, the firm earned $1.07 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. Analysts expect that Valero Energy Corporation will post $4.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.12%. 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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In other Valero Energy Corporation news, Director Susan Kaufman Purcell sold 5,151 shares of the firm’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 transaction of $333,166.68. Following the completion of the transaction, the director now owns 9,866 shares of the company’s stock, valued at $638,132.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is currently owned by company insiders.
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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