IBM Retirement Fund boosted its position in shares of Valero Energy Corporation (NYSE:VLO) by 108.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,915 shares of the oil and gas company’s stock after buying an additional 5,678 shares during the period. IBM Retirement Fund’s holdings in Valero Energy Corporation were worth $823,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of VLO. OLD Republic International Corp bought a new position in Valero Energy Corporation during the first quarter worth about $11,435,000. LBA Wealth Management LLC boosted its position in Valero Energy Corporation by 0.6% in the first quarter. LBA Wealth Management LLC now owns 13,198 shares of the oil and gas company’s stock worth $875,000 after buying an additional 75 shares in the last quarter. Edge Asset Management Inc. boosted its position in Valero Energy Corporation by 26.2% in the first quarter. Edge Asset Management Inc. now owns 254,041 shares of the oil and gas company’s stock worth $16,840,000 after buying an additional 52,798 shares in the last quarter. Snow Capital Management LP boosted its position in Valero Energy Corporation by 0.5% in the first quarter. Snow Capital Management LP now owns 19,003 shares of the oil and gas company’s stock worth $1,260,000 after buying an additional 101 shares in the last quarter. Finally, Rothschild Asset Management Inc. boosted its position in Valero Energy Corporation by 12.2% in the first quarter. Rothschild Asset Management Inc. now owns 719,354 shares of the oil and gas company’s stock worth $47,686,000 after buying an additional 78,044 shares in the last quarter. 79.25% of the stock is owned by institutional investors.
Shares of Valero Energy Corporation (NYSE VLO) opened at 66.15 on Friday. The firm has a market cap of $29.22 billion, a price-to-earnings ratio of 16.33 and a beta of 1.21. Valero Energy Corporation has a 52-week low of $51.17 and a 52-week high of $71.40. The company’s 50-day moving average is $67.59 and its 200 day moving average is $66.16.
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, topping the Zacks’ consensus estimate of $1.08 by $0.15. The company had revenue of $22.25 billion during 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 quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 EPS. On average, analysts expect that Valero Energy Corporation will post $4.01 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be given a dividend of $0.70 per share. The ex-dividend date is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a yield of 4.23%. Valero Energy Corporation’s payout ratio is currently 69.14%.
A number of research analysts have issued reports on VLO shares. Credit Suisse Group reaffirmed a “hold” rating and issued a $65.00 price target on shares of Valero Energy Corporation in a report on Wednesday, June 21st. Standpoint Research started coverage on shares of Valero Energy Corporation in a report on Friday, June 30th. They issued an “accumulate” rating and a $84.00 price target for the company. Scotiabank set a $70.00 price target on shares of Valero Energy Corporation and gave the stock a “buy” rating in a report on Monday, June 26th. ValuEngine raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Finally, Royal Bank Of Canada raised their price target on shares of Valero Energy Corporation from $77.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $71.59.
In other Valero Energy Corporation news, 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 completion of the transaction, the director now owns 9,866 shares in the company, valued at approximately $638,132.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.45% of the stock is currently owned by corporate insiders.
About Valero Energy Corporation
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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