Teacher Retirement System of Texas decreased its stake in Valero Energy Corporation (NYSE:VLO) by 11.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 469,919 shares of the oil and gas company’s stock after selling 58,105 shares during the period. Teacher Retirement System of Texas owned 0.10% of Valero Energy Corporation worth $31,151,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Tompkins Financial Corp increased its stake in shares of 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 during the period. Thompson Davis & CO. Inc. bought a new stake in shares of Valero Energy Corporation during the first quarter valued at approximately $127,000. Americafirst Capital Management LLC increased its stake in shares of 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 during the period. WFG Advisors LP increased its stake in shares of Valero Energy Corporation by 766.8% in the fourth quarter. WFG Advisors LP now owns 16,600 shares of the oil and gas company’s stock valued at $155,000 after buying an additional 14,685 shares during the period. Finally, Advantage Investment Management LLC bought a new stake in shares of Valero Energy Corporation during the fourth quarter valued at approximately $167,000. Hedge funds and other institutional investors own 79.03% of the company’s stock.
Valero Energy Corporation (NYSE:VLO) traded up 0.39% during midday trading on Friday, hitting $67.78. The stock had a trading volume of 2,725,709 shares. The stock has a market cap of $30.31 billion, a P/E ratio of 14.82 and a beta of 1.22. The company has a 50-day moving average price of $66.00 and a 200-day moving average price of $66.05. Valero Energy Corporation has a 52 week low of $49.26 and a 52 week high of $71.40. Valero Energy Corporation also saw unusually large options trading on Wednesday. Traders acquired 11,124 put options on the stock. This represents an increase of approximately 433% compared to the average daily volume of 2,087 put options.
Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings results on Tuesday, April 25th. The oil and gas company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.08. The company had revenue of $21.77 billion during the quarter, compared to the consensus estimate of $19.15 billion. Valero Energy Corporation had a return on equity of 8.31% and a net margin of 2.57%. The firm’s quarterly revenue was up 38.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 EPS. Equities analysts expect that Valero Energy Corporation will post $4.09 EPS for the current 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 paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.80 annualized dividend and a dividend yield of 4.13%. Valero Energy Corporation’s payout ratio is 61.54%.
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Several equities analysts have recently weighed in on the stock. BidaskClub raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Citigroup Inc. decreased their target price on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, July 17th. Standpoint Research initiated coverage on shares of Valero Energy Corporation in a research note on Friday, June 30th. They issued an “accumulate” rating and a $84.00 target price for the company. Scotiabank reissued a “buy” rating and issued a $70.00 target price on shares of Valero Energy Corporation in a research note on Monday, March 27th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Valero Energy Corporation in a research note on Wednesday, April 26th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $71.59.
In other 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 completion of the transaction, the director now owns 9,866 shares in the company, valued at approximately $638,132.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by corporate insiders.
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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