Capstone Asset Management Co. cut its stake in Valero Energy Corporation (NYSE:VLO) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 189,246 shares of the oil and gas company’s stock after selling 2,251 shares during the period. Capstone Asset Management Co.’s holdings in Valero Energy Corporation were worth $12,767,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in VLO. BlackRock Inc. boosted its position in Valero Energy Corporation by 2,578.1% in the first quarter. BlackRock Inc. now owns 38,217,393 shares of the oil and gas company’s stock valued at $2,533,433,000 after buying an additional 36,790,343 shares during the period. Vanguard Group Inc. boosted its position in Valero Energy Corporation by 2.5% in the first quarter. Vanguard Group Inc. now owns 33,405,279 shares of the oil and gas company’s stock valued at $2,214,436,000 after buying an additional 827,661 shares during the period. Stifel Financial Corp boosted its position in Valero Energy Corporation by 133.7% in the first quarter. Stifel Financial Corp now owns 1,340,904 shares of the oil and gas company’s stock valued at $88,895,000 after buying an additional 767,150 shares during the period. LSV Asset Management boosted its position in Valero Energy Corporation by 6.3% in the first quarter. LSV Asset Management now owns 8,710,850 shares of the oil and gas company’s stock valued at $577,442,000 after buying an additional 514,850 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in Valero Energy Corporation by 34.0% in the first quarter. TIAA CREF Investment Management LLC now owns 1,914,732 shares of the oil and gas company’s stock valued at $126,928,000 after buying an additional 485,868 shares during the period. Institutional investors and hedge funds own 78.88% of the company’s stock.
Shares of Valero Energy Corporation (VLO) traded up 0.31% during trading on Friday, reaching $64.75. The company had a trading volume of 3,082,623 shares. The firm has a 50-day moving average of $67.47 and a 200-day moving average of $66.09. The company has a market cap of $28.60 billion, a P/E ratio of 15.98 and a beta of 1.21. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $71.40.
Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.15. The business had revenue of $22.25 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 earnings per share. On average, equities research analysts anticipate that Valero Energy Corporation will post $4.01 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 9th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Monday, August 7th. Valero Energy Corporation’s dividend payout ratio is currently 69.14%.
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Several research analysts recently commented on VLO shares. Credit Suisse Group reiterated a “hold” rating and issued a $65.00 price target on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Morgan Stanley cut Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $77.00 to $70.00 in a research note on Tuesday, May 30th. Citigroup Inc. reissued a “neutral” rating and issued a $70.00 price objective (up from $69.50) on shares of Valero Energy Corporation in a report on Saturday, April 22nd. BidaskClub raised Valero Energy Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, Goldman Sachs Group, Inc. (The) lowered Valero Energy Corporation from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $65.55 to $73.00 in a report on Tuesday, May 16th. One equities 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 stock. 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 that occurred on Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total value of $333,166.68. Following the completion of the sale, the director now owns 9,866 shares of the company’s stock, valued at $638,132.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.45% of the company’s stock.
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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