Valero Energy Corp. (VLO) Stake Boosted by Narwhal Capital Management
Narwhal Capital Management boosted its position in Valero Energy Corp. (NYSE:VLO) by 1.3% during the second quarter, Holdings Channel reports. The fund owned 27,950 shares of the company’s stock after buying an additional 350 shares during the period. Narwhal Capital Management’s holdings in Valero Energy Corp. were worth $1,425,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of VLO. Green Square Capital LLC bought a new position in shares of Valero Energy Corp. during the second quarter worth $3,266,000. PGGM Investments raised its position in shares of Valero Energy Corp. by 9.9% in the second quarter. PGGM Investments now owns 870,398 shares of the company’s stock worth $44,390,000 after buying an additional 78,433 shares in the last quarter. HL Financial Services LLC raised its position in shares of Valero Energy Corp. by 2.4% in the second quarter. HL Financial Services LLC now owns 43,191 shares of the company’s stock worth $2,203,000 after buying an additional 992 shares in the last quarter. Douglas Lane & Associates LLC raised its position in shares of Valero Energy Corp. by 4.5% in the second quarter. Douglas Lane & Associates LLC now owns 593,791 shares of the company’s stock worth $30,283,000 after buying an additional 25,327 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its position in shares of Valero Energy Corp. by 2.1% in the second quarter. Rehmann Capital Advisory Group now owns 7,030 shares of the company’s stock worth $359,000 after buying an additional 147 shares in the last quarter. Institutional investors and hedge funds own 78.48% of the company’s stock.
Valero Energy Corp. (NYSE:VLO) traded up 0.41% during mid-day trading on Wednesday, hitting $55.68. 6,033,433 shares of the stock were exchanged. The company has a 50 day moving average of $54.92 and a 200 day moving average of $56.26. The firm has a market cap of $25.69 billion, a P/E ratio of 8.95 and a beta of 1.97. Valero Energy Corp. has a 12-month low of $46.88 and a 12-month high of $73.88.
Valero Energy Corp. (NYSE:VLO) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.04. The firm had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $16.79 billion. Valero Energy Corp. had a net margin of 3.89% and a return on equity of 14.05%. The company’s revenue was down 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.66 EPS. On average, equities analysts anticipate that Valero Energy Corp. will post $3.33 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 8th. Stockholders of record on Thursday, August 11th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $2.40 annualized dividend and a dividend yield of 4.31%. Valero Energy Corp.’s payout ratio is 38.77%.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Valero Energy Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, September 6th. Vetr upgraded shares of Valero Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $63.15 target price for the company in a research report on Wednesday, August 31st. Jefferies Group assumed coverage on shares of Valero Energy Corp. in a research report on Tuesday, August 23rd. They set a “buy” rating and a $66.00 target price for the company. Piper Jaffray Cos. upped their target price on shares of Valero Energy Corp. from $48.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, August 22nd. Finally, Barclays PLC restated an “overweight” rating and set a $73.00 target price on shares of Valero Energy Corp. in a research report on Thursday, July 28th. Nine investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Valero Energy Corp. has an average rating of “Buy” and a consensus target price of $69.76.
Valero Energy Corp. Company Profile
Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland.
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