Valero Energy Co. (VLO) Stake Boosted by ClariVest Asset Management LLC
ClariVest Asset Management LLC lifted its stake in Valero Energy Co. (NYSE:VLO) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 340,401 shares of the oil and gas company’s stock after purchasing an additional 9,672 shares during the quarter. ClariVest Asset Management LLC owned 0.08% of Valero Energy worth $37,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bailard Inc. raised its position in Valero Energy by 62.1% in the 2nd quarter. Bailard Inc. now owns 4,405 shares of the oil and gas company’s stock worth $488,000 after buying an additional 1,687 shares during the last quarter. Sfmg LLC raised its position in Valero Energy by 23.8% in the 2nd quarter. Sfmg LLC now owns 2,789 shares of the oil and gas company’s stock worth $309,000 after buying an additional 536 shares during the last quarter. PGGM Investments raised its position in Valero Energy by 9.7% in the 2nd quarter. PGGM Investments now owns 584,266 shares of the oil and gas company’s stock worth $64,754,000 after buying an additional 51,866 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Valero Energy by 16.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 297,324 shares of the oil and gas company’s stock worth $32,952,000 after buying an additional 42,100 shares during the last quarter. Finally, Regentatlantic Capital LLC raised its position in Valero Energy by 1.1% in the 2nd quarter. Regentatlantic Capital LLC now owns 123,051 shares of the oil and gas company’s stock worth $13,638,000 after buying an additional 1,301 shares during the last quarter. 78.40% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on the company. ValuEngine lowered Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. Edward Jones raised Valero Energy from a “hold” rating to a “buy” rating in a research report on Thursday, May 10th. Argus boosted their target price on Valero Energy to $130.00 and gave the stock a “buy” rating in a research report on Thursday, May 10th. Credit Suisse Group boosted their target price on Valero Energy from $118.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, June 4th. Finally, Mizuho initiated coverage on Valero Energy in a research note on Wednesday, August 1st. They set a “neutral” rating and a $125.00 price target for the company. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $115.41.
Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.17. The business had revenue of $31.02 billion during the quarter, compared to the consensus estimate of $26.56 billion. Valero Energy had a return on equity of 12.06% and a net margin of 4.21%. The business’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 EPS. sell-side analysts expect that Valero Energy Co. will post 6.63 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Investors of record on Tuesday, August 7th will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, August 6th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.69%. Valero Energy’s dividend payout ratio (DPR) is presently 64.52%.
In related news, Director Stephen M. Waters sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $116.76, for a total transaction of $116,760.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.45% of the company’s stock.
Valero Energy Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
Further Reading: Outstanding Shares, Buying and Selling Stocks
Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.