Blue Granite Capital LLC Has $1.35 Million Stake in Valero Energy Corporation (VLO)
Blue Granite Capital LLC raised its stake in shares of Valero Energy Corporation (NYSE:VLO) by 17.6% during the second quarter, Holdings Channel reports. The firm owned 20,000 shares of the oil and gas company’s stock after buying an additional 3,000 shares during the period. Blue Granite Capital LLC’s holdings in Valero Energy Corporation were worth $1,349,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the stock. LBA Wealth Management LLC raised its position in shares of Valero Energy Corporation by 0.6% in the first quarter. LBA Wealth Management LLC now owns 13,198 shares of the oil and gas company’s stock valued at $875,000 after buying an additional 75 shares during the period. Lee Danner & Bass Inc. raised its position in shares of Valero Energy Corporation by 30.0% in the first quarter. Lee Danner & Bass Inc. now owns 14,529 shares of the oil and gas company’s stock valued at $963,000 after buying an additional 3,350 shares during the period. Skba Capital Management LLC raised its position in shares of Valero Energy Corporation by 56.2% in the first quarter. Skba Capital Management LLC now owns 221,600 shares of the oil and gas company’s stock valued at $14,690,000 after buying an additional 79,700 shares during the period. Parkwood LLC raised its position in shares of Valero Energy Corporation by 48.6% in the first quarter. Parkwood LLC now owns 51,857 shares of the oil and gas company’s stock valued at $3,438,000 after buying an additional 16,966 shares during the period. Finally, GWM Advisors LLC acquired a new position in shares of Valero Energy Corporation during the first quarter valued at about $249,000. 79.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Valero Energy Corporation (VLO) traded up 1.3106% on Wednesday, reaching $68.3948. The company’s stock had a trading volume of 625,993 shares. The firm has a 50-day moving average price of $65.66 and a 200 day moving average price of $66.03. Valero Energy Corporation has a one year low of $49.26 and a one year high of $71.40. The firm has a market capitalization of $30.59 billion, a PE ratio of 14.9562 and a beta of 1.22.
Valero Energy Corporation (NYSE:VLO) last announced its earnings results on Tuesday, April 25th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.08. The business had revenue of $21.77 billion for the quarter, compared to analysts’ expectations of $19.15 billion. Valero Energy Corporation had a return on equity of 8.31% and a net margin of 2.57%. The business’s revenue for the quarter was up 38.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. On average, analysts anticipate that Valero Energy Corporation will post $4.14 earnings per share for the current fiscal year.
VLO has been the topic of several recent analyst reports. Credit Suisse Group reissued a “hold” rating and issued a $65.00 price target on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Standpoint Research started coverage on Valero Energy Corporation in a research report on Friday, June 30th. They set an “accumulate” rating and a $84.00 target price on the stock. Scotiabank set a $70.00 target price on Valero Energy Corporation and gave the stock a “buy” rating in a research report on Monday, June 26th. ValuEngine raised Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Finally, Royal Bank Of Canada upped their target price on Valero Energy Corporation from $77.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Valero Energy Corporation presently has an average rating of “Buy” and a consensus price target of $71.59.
In other Valero Energy Corporation 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 sale, the director now owns 9,866 shares of the company’s stock, valued at approximately $638,132.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by company 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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