Edgestream Partners L.P. Takes Position in Valero Energy Corporation (VLO)

Edgestream Partners L.P. bought a new position in Valero Energy Corporation (NYSE:VLO) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 3,717 shares of the oil and gas company’s stock, valued at approximately $286,000.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its holdings 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 valued at $2,533,433,000 after purchasing an additional 36,790,343 shares during the last quarter. FMR LLC increased its holdings in shares of Valero Energy Corporation by 146.1% in the 2nd quarter. FMR LLC now owns 2,224,590 shares of the oil and gas company’s stock valued at $150,071,000 after acquiring an additional 1,320,524 shares during the period. Harbour Capital Advisors LLC increased its holdings in shares of Valero Energy Corporation by 6,236.6% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,226,760 shares of the oil and gas company’s stock valued at $18,185,000 after acquiring an additional 1,207,400 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Valero Energy Corporation by 1,780.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,127,141 shares of the oil and gas company’s stock valued at $76,039,000 after acquiring an additional 1,067,201 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Valero Energy Corporation by 88.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,138,646 shares of the oil and gas company’s stock valued at $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.

Several equities analysts have issued reports on VLO shares. Royal Bank Of Canada reissued a “buy” rating and issued a $77.00 price objective on shares of Valero Energy Corporation in a research note on Thursday, August 31st. Zacks Investment Research cut shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. BidaskClub cut shares of Valero Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Scotiabank set a $70.00 price target on shares of Valero Energy Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $86.00 price target (up from $85.00) on shares of Valero Energy Corporation in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $77.19.

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In other Valero Energy Corporation news, Director Stephen M. Waters sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total transaction of $102,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total value of $3,863,514.56. Following the sale, the chief financial officer now owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The disclosure for this sale can be found here. Insiders sold a total of 56,768 shares of company stock worth $4,141,471 in the last three months. 0.45% of the stock is currently owned by company insiders.

Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.08. The firm had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $19.42 billion. Valero Energy Corporation had a return on equity of 9.93% and a net margin of 2.33%. Valero Energy Corporation’s revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of Infinity. Valero Energy Corporation’s dividend payout ratio is currently 60.48%.

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.

Institutional Ownership by Quarter for Valero Energy Corporation (NYSE:VLO)

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