Valero Energy Corporation (VLO) Shares Bought by Kempen Capital Management N.V.
Kempen Capital Management N.V. boosted its position in Valero Energy Corporation (NYSE:VLO) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 359,621 shares of the oil and gas company’s stock after purchasing an additional 2,700 shares during the quarter. Valero Energy Corporation comprises 2.3% of Kempen Capital Management N.V.’s investment portfolio, making the stock its 9th biggest position. Kempen Capital Management N.V. owned about 0.08% of Valero Energy Corporation worth $24,260,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of VLO. BlackRock Inc. lifted its stake 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 worth $2,533,433,000 after purchasing an additional 36,790,343 shares in the last quarter. Harbour Capital Advisors LLC lifted its stake in Valero Energy Corporation by 6,236.6% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,226,760 shares of the oil and gas company’s stock worth $18,185,000 after purchasing an additional 1,207,400 shares in the last quarter. Vanguard Group Inc. lifted its stake in 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 purchasing an additional 827,661 shares in the last quarter. Stifel Financial Corp lifted its stake in Valero Energy Corporation by 133.7% in the 1st quarter. Stifel Financial Corp now owns 1,340,904 shares of the oil and gas company’s stock worth $88,895,000 after purchasing an additional 767,150 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in Valero Energy Corporation by 34.0% in the 1st quarter. TIAA CREF Investment Management LLC now owns 1,914,732 shares of the oil and gas company’s stock worth $126,928,000 after purchasing an additional 485,868 shares in the last quarter. Institutional investors and hedge funds own 80.75% of the company’s stock.
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Shares of Valero Energy Corporation (VLO) traded up 1.70% during trading on Friday, reaching $71.13. 6,859,864 shares of the company were exchanged. The company has a market capitalization of $31.42 billion, a price-to-earnings ratio of 17.56 and a beta of 1.19. The stock’s 50 day moving average is $67.83 and its 200 day moving average is $66.36. Valero Energy Corporation has a 1-year low of $51.17 and a 1-year high of $71.51.
Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.15. The company had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. Valero Energy Corporation’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 earnings per share. Equities analysts anticipate that Valero Energy Corporation will post $4.29 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Wednesday, August 9th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Monday, August 7th. Valero Energy Corporation’s payout ratio is 69.14%.
In related news, Director Stephen M. Waters sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total transaction of $102,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Susan Kaufman Purcell sold 5,151 shares of the company’s stock in a transaction 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 sale, the director now directly owns 9,866 shares in the company, valued at approximately $638,132.88. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.
Several analysts have issued reports on VLO shares. Credit Suisse Group reiterated a “hold” rating and issued a $65.00 target price on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Standpoint Research started coverage on shares of Valero Energy Corporation in a research note on Friday, June 30th. They issued an “accumulate” rating and a $84.00 target price on the stock. Scotiabank set a $70.00 target price on shares of Valero Energy Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. ValuEngine upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, BidaskClub cut shares of Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $72.56.
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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