Valero Energy Corporation (VLO) Position Cut by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP lessened its stake in Valero Energy Corporation (NYSE:VLO) by 1.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,884,884 shares of the oil and gas company’s stock after selling 65,115 shares during the period. Dimensional Fund Advisors LP owned 1.32% of Valero Energy Corporation worth $396,981,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in VLO. Independent Portfolio Consultants Inc. lifted its holdings in Valero Energy Corporation by 62.2% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock valued at $109,000 after acquiring an additional 619 shares during the last quarter. First Personal Financial Services lifted its holdings in Valero Energy Corporation by 13.6% in the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 196 shares during the last quarter. Guardian Life Insurance Co. of America lifted its holdings in Valero Energy Corporation by 0.6% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock valued at $116,000 after acquiring an additional 11 shares during the last quarter. Ffcm LLC lifted its holdings in Valero Energy Corporation by 189.4% in the 2nd quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock valued at $128,000 after acquiring an additional 1,231 shares during the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new stake in Valero Energy Corporation in the 1st quarter valued at about $127,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.
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Valero Energy Corporation (NYSE:VLO) traded up 1.27% during mid-day trading on Friday, hitting $74.29. 3,263,922 shares of the stock were exchanged. The firm has a 50-day moving average price of $68.09 and a 200-day moving average price of $66.42. The stock has a market capitalization of $32.81 billion, a P/E ratio of 18.34 and a beta of 1.19. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $74.36.
Valero Energy Corporation (NYSE:VLO) last released its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. The firm had revenue of $22.25 billion for 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 business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 EPS. Equities analysts predict that Valero Energy Corporation will post $4.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Monday, August 7th. Valero Energy Corporation’s payout ratio is 69.14%.
In other Valero Energy Corporation news, Director Stephen M. Waters sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total value of $102,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Michael S. Ciskowski sold 53,012 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value of $3,863,514.56. Following the completion of the sale, the chief financial officer now owns 67,413 shares in the company, valued at approximately $4,913,059.44. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.
A number of equities research analysts have weighed in on the stock. US Capital Advisors downgraded shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a report on Thursday, August 17th. Deutsche Bank AG reissued a “hold” rating and issued a $73.00 price target (up from $65.00) on shares of Valero Energy Corporation in a report on Wednesday. BidaskClub downgraded shares of Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Scotiabank set a $70.00 price target on shares of Valero Energy Corporation and gave the company a “buy” rating in a report on Monday, June 26th. Finally, Jefferies Group LLC cut their price target on shares of Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $73.09.
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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