Riverhead Capital Management LLC grew its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 35.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,112 shares of the oil and gas company’s stock after buying an additional 41,490 shares during the period. Riverhead Capital Management LLC’s holdings in Valero Energy Corporation were worth $10,734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VLO. BlackRock Inc. raised its holdings in shares of Valero Energy Corporation by 2,578.1% during the first quarter. BlackRock Inc. now owns 38,217,393 shares of the oil and gas company’s stock valued at $2,533,433,000 after buying an additional 36,790,343 shares during the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of Valero Energy Corporation by 6,236.6% during the second quarter. Harbour Capital Advisors LLC now owns 1,226,760 shares of the oil and gas company’s stock valued at $18,185,000 after buying an additional 1,207,400 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Valero Energy Corporation by 2.5% during the first quarter. Vanguard Group Inc. now owns 33,405,279 shares of the oil and gas company’s stock valued at $2,214,436,000 after buying an additional 827,661 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Valero Energy Corporation by 133.7% during the first quarter. Stifel Financial Corp now owns 1,340,904 shares of the oil and gas company’s stock valued at $88,895,000 after buying an additional 767,150 shares during the last quarter. Finally, LSV Asset Management raised its holdings in shares of Valero Energy Corporation by 6.3% during the first quarter. LSV Asset Management now owns 8,710,850 shares of the oil and gas company’s stock valued at $577,442,000 after buying an additional 514,850 shares during the last quarter. 80.75% of the stock is currently owned by institutional investors.

Valero Energy Corporation (NYSE:VLO) traded down 0.81% on Monday, reaching $68.98. 888,203 shares of the company’s stock traded hands. The firm has a market capitalization of $30.47 billion, a PE ratio of 17.03 and a beta of 1.19. The firm’s 50 day moving average price is $67.46 and its 200 day moving average price is $66.22. Valero Energy Corporation has a 52-week low of $51.17 and a 52-week 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 (EPS) 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 period in the prior year, the business earned $1.07 earnings per share. Valero Energy Corporation’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts predict that Valero Energy Corporation will post $4.14 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.03%. Valero Energy Corporation’s payout ratio is 69.14%.

A number of equities research analysts have recently weighed in on VLO shares. 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 cut Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $77.00 to $70.00 in a report on Tuesday, May 30th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price target on shares of Valero Energy Corporation in a report on Thursday, August 31st. BidaskClub raised Valero Energy Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, Goldman Sachs Group, Inc. (The) cut Valero Energy Corporation from a “buy” rating to a “neutral” rating and lifted their price target for the company from $65.55 to $73.00 in a report on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. Valero Energy Corporation currently has an average rating of “Buy” and a consensus target price of $72.56.

COPYRIGHT VIOLATION WARNING: “Valero Energy Corporation (VLO) Stake Raised by Riverhead Capital Management LLC” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/09/11/valero-energy-corporation-vlo-stake-raised-by-riverhead-capital-management-llc.html.

In related news, Director Stephen M. Waters sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total value of $102,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Susan Kaufman Purcell sold 5,151 shares of the 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 in the company, valued at $638,132.88. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by corporate 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.

Institutional Ownership by Quarter for Valero Energy Corporation (NYSE:VLO)

Receive News & Stock Ratings for Valero Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy Corporation and related stocks with our FREE daily email newsletter.