United Services Automobile Association cut its position in Valero Energy Corporation (NYSE:VLO) by 6.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 267,101 shares of the oil and gas company’s stock after selling 18,028 shares during the period. United Services Automobile Association owned 0.06% of Valero Energy Corporation worth $17,706,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Tompkins Financial Corp raised its stake in Valero Energy Corporation by 190.3% in the first quarter. Tompkins Financial Corp now owns 1,701 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 1,115 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new stake in Valero Energy Corporation during the first quarter valued at approximately $127,000. Americafirst Capital Management LLC raised its stake in Valero Energy Corporation by 47.6% in the first quarter. Americafirst Capital Management LLC now owns 2,181 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 703 shares in the last quarter. Advantage Investment Management LLC purchased a new stake in Valero Energy Corporation during the fourth quarter valued at approximately $167,000. Finally, Sandy Spring Bank raised its stake in Valero Energy Corporation by 96.9% in the first quarter. Sandy Spring Bank now owns 2,712 shares of the oil and gas company’s stock valued at $179,000 after buying an additional 1,335 shares in the last quarter. 79.18% of the stock is owned by hedge funds and other institutional investors.
Shares of Valero Energy Corporation (VLO) traded down 1.33% on Friday, hitting $66.69. 7,105,643 shares of the company were exchanged. The firm has a market cap of $29.83 billion, a P/E ratio of 16.48 and a beta of 1.22. The company has a 50-day moving average price of $66.91 and a 200 day moving average price of $66.06. Valero Energy Corporation has a 52-week low of $51.16 and a 52-week high of $71.40.
Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. The firm had revenue of $22.25 billion for 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 8.58%. 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 firm posted $1.07 earnings per share. Analysts predict that Valero Energy Corporation will post $4.08 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.20%. Valero Energy Corporation’s dividend payout ratio is currently 69.14%.
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VLO has been the topic of several research analyst reports. Credit Suisse Group reiterated a “hold” rating and issued a $65.00 target price on shares of Valero Energy Corporation in a research report on Wednesday, June 21st. Standpoint Research initiated coverage on shares of Valero Energy Corporation in a research report on Friday, June 30th. They issued an “accumulate” rating and a $84.00 target price on the stock. Scotiabank set a $70.00 price target on shares of Valero Energy Corporation and gave the stock a “buy” rating in a research report on Monday, June 26th. ValuEngine upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Finally, Royal Bank Of Canada boosted their price target on shares of Valero Energy Corporation from $77.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $71.59.
In other news, Director Susan Kaufman Purcell sold 5,151 shares of Valero Energy Corporation stock in a transaction that occurred on Wednesday, June 21st. The shares were 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 in the company, valued at $638,132.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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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