James Investment Research Inc. reduced its stake in shares of Valero Energy Corporation (NYSE:VLO) by 37.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,359 shares of the oil and gas company’s stock after selling 45,976 shares during the period. James Investment Research Inc.’s holdings in Valero Energy Corporation were worth $5,286,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. OLD Republic International Corp bought a new position in Valero Energy Corporation during the first quarter worth $11,435,000. LBA Wealth Management LLC increased 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. increased 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 increased 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 valued at $1,260,000 after buying an additional 101 shares during the period. Finally, Comerica Securities Inc. increased its position in Valero Energy Corporation by 113.7% in the first quarter. Comerica Securities Inc. now owns 16,256 shares of the oil and gas company’s stock valued at $1,078,000 after buying an additional 8,648 shares during the period. Hedge funds and other institutional investors own 78.88% of the company’s stock.
Valero Energy Corporation (NYSE VLO) opened at 64.75 on Friday. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $71.40. The stock’s 50 day moving average is $67.47 and its 200 day moving average is $66.09. The stock has a market capitalization of $28.60 billion, a PE ratio of 15.98 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 analysts’ consensus estimates of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The business had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $19.32 billion. During the same quarter last year, the business posted $1.07 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities analysts anticipate that Valero Energy Corporation will post $4.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th will be given 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 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. Citigroup Inc. reissued a “neutral” rating and issued a $70.00 price target (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 research report on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) cut shares of Valero Energy Corporation from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $65.55 to $73.00 in a research report on Tuesday, May 16th. US Capital Advisors reiterated an “overweight” rating on shares of Valero Energy Corporation in a research report on Monday, May 22nd. Finally, Piper Jaffray Companies reiterated a “neutral” rating on shares of Valero Energy Corporation in a research report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $71.59.
In related news, Director Susan Kaufman Purcell sold 5,151 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total transaction of $333,166.68. Following the sale, the director now owns 9,866 shares of the company’s stock, valued at $638,132.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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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