Wealth Enhancement Advisory Services LLC Purchases New Position in Valero Energy Corporation (VLO)
Wealth Enhancement Advisory Services LLC purchased a new position in shares of Valero Energy Corporation (NYSE:VLO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 18,400 shares of the oil and gas company’s stock, valued at approximately $1,421,000.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Valero Energy Corporation by 2,578.1% during 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 acquiring an additional 36,790,343 shares during the period. FMR LLC lifted its position in Valero Energy Corporation by 146.1% during the 2nd quarter. FMR LLC now owns 2,224,590 shares of the oil and gas company’s stock worth $150,071,000 after acquiring an additional 1,320,524 shares during the period. Harbour Capital Advisors LLC lifted its position in Valero Energy Corporation by 6,236.6% during 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 acquiring an additional 1,207,400 shares during the period. Janus Henderson Group PLC lifted its position in Valero Energy Corporation by 1,780.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,127,141 shares of the oil and gas company’s stock worth $76,039,000 after acquiring an additional 1,067,201 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its position in Valero Energy Corporation by 88.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,138,646 shares of the oil and gas company’s stock worth $144,273,000 after acquiring an additional 1,005,206 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.
Shares of Valero Energy Corporation (VLO) traded up 0.03% during trading on Friday, reaching $77.65. The company had a trading volume of 2,291,709 shares. The stock’s 50-day moving average price is $74.12 and its 200-day moving average price is $67.93. The stock has a market capitalization of $34.30 billion, a PE ratio of 19.17 and a beta of 1.22. Valero Energy Corporation has a 12 month low of $54.21 and a 12 month high of $78.64.
Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The company had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. Equities analysts forecast that Valero Energy Corporation will post $4.74 earnings per share for the current fiscal year.
In other news, CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen M. Waters sold 656 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $75.86, for a total transaction of $49,764.16. The disclosure for this sale can be found here. Insiders have sold a total of 55,168 shares of company stock valued at $4,015,279 in the last quarter. Insiders own 0.45% of the company’s stock.
A number of analysts have weighed in on the company. Citigroup Inc. increased their price objective on Valero Energy Corporation from $68.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research cut Valero Energy Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Co reaffirmed an “outperform” rating and set a $87.00 price objective (up from $74.00) on shares of Valero Energy Corporation in a research report on Tuesday. Jefferies Group LLC cut Valero Energy Corporation from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $86.00 price objective (up from $85.00) on shares of Valero Energy Corporation in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the company. Valero Energy Corporation presently has an average rating of “Hold” and a consensus target price of $76.39.
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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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