Calamos Advisors LLC lifted its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,565 shares of the oil and gas company’s stock after buying an additional 1,344 shares during the period. Calamos Advisors LLC’s holdings in Valero Energy Corporation were worth $3,681,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Atlantic Trust Group LLC boosted its stake in shares of Valero Energy Corporation by 4.9% during the second quarter. Atlantic Trust Group LLC now owns 13,067 shares of the oil and gas company’s stock worth $881,000 after buying an additional 612 shares during the period. Meiji Yasuda Life Insurance Co boosted its stake in shares of Valero Energy Corporation by 2.5% during the second quarter. Meiji Yasuda Life Insurance Co now owns 28,828 shares of the oil and gas company’s stock worth $1,945,000 after buying an additional 700 shares during the period. Intercontinental Wealth Advisors LLC acquired a new stake in shares of Valero Energy Corporation during the second quarter worth about $405,000. Synovus Financial Corp boosted its stake in shares of Valero Energy Corporation by 9.6% during the second quarter. Synovus Financial Corp now owns 16,508 shares of the oil and gas company’s stock worth $1,116,000 after buying an additional 1,452 shares during the period. Finally, Capital Advisors Inc. OK boosted its stake in shares of Valero Energy Corporation by 10.0% during the second quarter. Capital Advisors Inc. OK now owns 121,682 shares of the oil and gas company’s stock worth $8,209,000 after buying an additional 11,029 shares during the period. Institutional investors and hedge funds own 80.75% of the company’s stock.
In related news, Director Stephen M. Waters sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total value of $102,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan Kaufman Purcell sold 5,151 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 9,866 shares in the company, valued at $638,132.88. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.
Valero Energy Corporation (VLO) traded up 1.8533% during mid-day trading on Friday, hitting $71.2362. 2,381,901 shares of the stock traded hands. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $71.40. The firm has a market cap of $31.46 billion, a PE ratio of 17.5848 and a beta of 1.19. The stock has a 50 day moving average price of $67.73 and a 200 day moving average price of $66.33.
Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $19.32 billion. During the same period in the previous year, the firm earned $1.07 EPS. Valero Energy Corporation’s revenue was up 13.6% on a year-over-year basis. On average, analysts expect that Valero Energy Corporation will post $4.29 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Wednesday, August 9th were issued a $0.70 dividend. The ex-dividend date was Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.00%. Valero Energy Corporation’s payout ratio is currently 69.14%.
Several research analysts recently issued reports on the stock. ValuEngine raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub cut shares of Valero Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada reissued a “buy” rating and set a $77.00 price target on shares of Valero Energy Corporation in a report on Thursday, August 31st. Scotiabank set a $70.00 price target on shares of Valero Energy Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Citigroup Inc. cut their price target on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $72.56.
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Valero Energy Corporation 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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