Janus Capital Management LLC raised its stake in Valero Energy Corporation (NYSE:VLO) by 4.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,862 shares of the oil and gas company’s stock after buying an additional 8,814 shares during the period. Janus Capital Management LLC’s holdings in Valero Energy Corporation were worth $13,182,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrature Capital Ltd acquired a new position in Valero Energy Corporation during the fourth quarter valued at $5,913,000. Pegasus Partners Ltd. raised its position in Valero Energy Corporation by 2.4% in the fourth quarter. Pegasus Partners Ltd. now owns 10,669 shares of the oil and gas company’s stock valued at $729,000 after buying an additional 249 shares in the last quarter. Teachers Advisors LLC raised its position in Valero Energy Corporation by 15.9% in the fourth quarter. Teachers Advisors LLC now owns 811,432 shares of the oil and gas company’s stock valued at $55,437,000 after buying an additional 111,195 shares in the last quarter. Kentucky Retirement Systems acquired a new position in Valero Energy Corporation during the fourth quarter valued at $2,244,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Valero Energy Corporation during the fourth quarter valued at $1,001,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.
Valero Energy Corporation (NYSE VLO) opened at 66.15 on Friday. The firm’s 50-day moving average price is $67.59 and its 200-day moving average price is $66.16. Valero Energy Corporation has a 12 month low of $51.17 and a 12 month high of $71.40. The firm has a market cap of $29.22 billion, a P/E ratio of 16.33 and a beta of 1.21.
Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The business had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $19.32 billion. During the same quarter last year, the firm earned $1.07 EPS. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts expect that Valero Energy Corporation will post $4.01 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 9th will be given a $0.70 dividend. The ex-dividend date is Monday, August 7th. This represents a $2.80 annualized dividend and a yield of 4.23%. Valero Energy Corporation’s payout ratio is 69.14%.
VLO has been the topic of several recent analyst reports. Jefferies Group LLC set a $65.00 target price on Valero Energy Corporation and gave the stock a “hold” rating in a report on Wednesday, April 19th. Citigroup Inc. reiterated a “neutral” rating and set a $70.00 target price (up from $69.50) on shares of Valero Energy Corporation in a report on Saturday, April 22nd. Royal Bank Of Canada restated a “buy” rating on shares of Valero Energy Corporation in a report on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) lowered Valero Energy Corporation from a “buy” rating to a “neutral” rating and boosted their price target for the company from $65.55 to $73.00 in a report on Tuesday, May 16th. Finally, US Capital Advisors restated an “overweight” rating on shares of Valero Energy Corporation in a report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $71.59.
In related news, Director Susan Kaufman Purcell sold 5,151 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total value of $333,166.68. Following the transaction, the director now owns 9,866 shares of the company’s stock, valued at approximately $638,132.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.45% of the stock is currently owned by company insiders.
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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