Personal Capital Advisors Corp raised its stake in Valero Energy Corporation (NYSE:VLO) by 5.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 459,435 shares of the oil and gas company’s stock after buying an additional 22,195 shares during the period. Valero Energy Corporation comprises about 0.7% of Personal Capital Advisors Corp’s portfolio, making the stock its 27th largest position. Personal Capital Advisors Corp owned 0.10% of Valero Energy Corporation worth $30,993,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the company. 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 last quarter. 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 last quarter. 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 last quarter. American International Group Inc. boosted its position in Valero Energy Corporation by 1.4% in the first quarter. American International Group Inc. now owns 7,539,695 shares of the oil and gas company’s stock valued at $499,806,000 after buying an additional 102,794 shares during the last quarter. Finally, APG Asset Management N.V. boosted its position in Valero Energy Corporation by 1.9% in the second quarter. APG Asset Management N.V. now owns 5,103,965 shares of the oil and gas company’s stock valued at $344,313,000 after buying an additional 97,550 shares during the last quarter. Institutional investors own 78.88% of the company’s stock.
Valero Energy Corporation (NYSE VLO) traded up 0.31% during mid-day trading on Friday, hitting $64.75. The stock had a trading volume of 3,082,623 shares. Valero Energy Corporation has a one year low of $51.17 and a one year high of $71.40. The firm’s 50-day moving average is $67.47 and its 200 day moving average is $66.09. The stock has a market cap of $28.60 billion, a PE ratio of 15.98 and a beta of 1.21.
Valero Energy Corporation (NYSE:VLO) last issued its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $22.25 billion during the quarter, compared to analyst estimates of $19.32 billion. During the same quarter last year, the business posted $1.07 EPS. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities research analysts expect that Valero Energy Corporation will post $4.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 9th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Monday, August 7th. Valero Energy Corporation’s payout ratio is presently 69.14%.
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Several equities research analysts have recently commented on VLO shares. US Capital Advisors reissued an “overweight” rating on shares of Valero Energy Corporation in a research note on Monday, May 22nd. BidaskClub lowered Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Valero Energy Corporation in a research note on Thursday, May 25th. Credit Suisse Group reaffirmed a “hold” rating and issued a $65.00 target price on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Finally, Scotiabank set a $70.00 target price on Valero Energy Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $71.59.
In related news, Director Susan Kaufman Purcell sold 5,151 shares of Valero Energy Corporation stock in a transaction 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 approximately $638,132.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.45% of the stock is currently owned by 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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