Rehmann Capital Advisory Group grew its position in shares of Valero Energy Co. (NYSE:VLO) by 74.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,891 shares of the oil and gas company’s stock after purchasing an additional 3,795 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Valero Energy were worth $985,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of VLO. FMR LLC increased its holdings in Valero Energy by 71.1% in the second quarter. FMR LLC now owns 16,436,742 shares of the oil and gas company’s stock worth $1,821,684,000 after purchasing an additional 6,831,581 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Valero Energy by 58.3% in the second quarter. Janus Henderson Group PLC now owns 1,757,883 shares of the oil and gas company’s stock worth $194,827,000 after purchasing an additional 647,321 shares in the last quarter. Natixis increased its holdings in shares of Valero Energy by 118.4% during the second quarter. Natixis now owns 1,109,729 shares of the oil and gas company’s stock valued at $122,991,000 after acquiring an additional 601,582 shares in the last quarter. Atalanta Sosnoff Capital LLC increased its holdings in shares of Valero Energy by 3,983.8% during the second quarter. Atalanta Sosnoff Capital LLC now owns 424,710 shares of the oil and gas company’s stock valued at $47,071,000 after acquiring an additional 414,310 shares in the last quarter. Finally, Cornerstone Wealth Management LLC increased its holdings in shares of Valero Energy by 12,113.4% during the second quarter. Cornerstone Wealth Management LLC now owns 327,198 shares of the oil and gas company’s stock valued at $2,995,000 after acquiring an additional 324,519 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors.
In other news, Director Stephen M. Waters sold 1,000 shares of the company’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $116.76, for a total transaction of $116,760.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.41% of the stock is owned by corporate insiders.
Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.17. Valero Energy had a return on equity of 12.06% and a net margin of 4.21%. The business had revenue of $31.02 billion for the quarter, compared to analysts’ expectations of $26.56 billion. During the same quarter in the previous year, the firm earned $1.23 earnings per share. The business’s revenue was up 39.4% on a year-over-year basis. As a group, analysts forecast that Valero Energy Co. will post 6.44 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on VLO shares. Morgan Stanley boosted their price objective on Valero Energy from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Tuesday, July 31st. Standpoint Research upgraded Valero Energy from a “hold” rating to a “buy” rating in a report on Friday. Citigroup boosted their price objective on Valero Energy from $125.00 to $134.00 and gave the company a “buy” rating in a report on Friday, September 7th. ValuEngine downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Finally, Tudor Pickering downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday. Fourteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $116.29.
Valero Energy Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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