Private Wealth Advisors Inc. cut its position in shares of Valero Energy Corporation (NYSE:VLO) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,024 shares of the oil and gas company’s stock after selling 304 shares during the period. Private Wealth Advisors Inc.’s holdings in Valero Energy Corporation were worth $1,148,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Valero Energy Corporation by 2,578.1% during 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 stake in Valero Energy Corporation by 2.5% during 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 stake in Valero Energy Corporation by 4.2% during the second quarter. LSV Asset Management now owns 9,076,859 shares of the oil and gas company’s stock valued at $612,324,000 after buying an additional 366,009 shares during the last quarter. American International Group Inc. boosted its stake in Valero Energy Corporation by 1.4% during 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 stake in Valero Energy Corporation by 1.9% during 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. 80.75% of the stock is owned by institutional investors.
Shares of Valero Energy Corporation (VLO) traded up 1.33% during mid-day trading on Friday, reaching $70.87. The company’s stock had a trading volume of 1,645,671 shares. Valero Energy Corporation has a one year low of $51.17 and a one year high of $71.40. The stock has a market cap of $31.30 billion, a P/E ratio of 17.49 and a beta of 1.19. The stock has a 50 day moving average of $67.73 and a 200-day moving average of $66.33.
Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings data 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 net margin of 2.17% and a return on equity of 8.59%. The business had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts expect that Valero Energy Corporation will post $4.29 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Wednesday, August 9th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Monday, August 7th. Valero Energy Corporation’s dividend payout ratio is presently 69.14%.
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Several research firms have recently issued reports on VLO. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Valero Energy Corporation in a research note on Thursday, August 31st. Credit Suisse Group reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Morgan Stanley lowered Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $77.00 to $70.00 in a research note on Tuesday, May 30th. BidaskClub lowered Valero Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Scotiabank set a $70.00 price target on Valero Energy Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $72.56.
In other Valero Energy Corporation news, Director Stephen M. Waters sold 1,500 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total transaction of $102,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan Kaufman Purcell sold 5,151 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total transaction of $333,166.68. Following the transaction, the director now directly owns 9,866 shares of the company’s stock, valued at $638,132.88. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate 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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