Sei Investments Co. Raises Position in Valero Energy Corporation (NYSE:VLO)
Sei Investments Co. boosted its stake in Valero Energy Corporation (NYSE:VLO) by 108.0% during the second quarter, Holdings Channel reports. The fund owned 95,923 shares of the oil and gas company’s stock after buying an additional 49,805 shares during the period. Sei Investments Co.’s holdings in Valero Energy Corporation were worth $6,471,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VLO. Tompkins Financial Corp raised its position in 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 last quarter. Independent Portfolio Consultants Inc. raised its position in Valero Energy Corporation by 62.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 619 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in Valero Energy Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock valued at $116,000 after buying an additional 11 shares during the last quarter. Thompson Davis & CO. Inc. purchased a new position in Valero Energy Corporation during the first quarter valued at about $127,000. Finally, Americafirst Capital Management LLC raised its position in 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 last quarter. Hedge funds and other institutional investors own 78.88% of the company’s stock.
Shares of Valero Energy Corporation (VLO) opened at 66.79 on Tuesday. The firm has a market cap of $29.50 billion, a P/E ratio of 16.49 and a beta of 1.21. The company has a 50-day moving average of $67.61 and a 200 day moving average of $66.13. Valero Energy Corporation has a 52-week low of $51.17 and a 52-week high of $71.40.
Valero Energy Corporation (NYSE:VLO) last announced its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.15. The company had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 earnings per share. On average, equities analysts expect that Valero Energy Corporation will post $4.01 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a yield of 4.19%. Valero Energy Corporation’s dividend payout ratio (DPR) is 69.14%.
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Several research firms have issued reports on VLO. BidaskClub upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Citigroup Inc. lowered 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. Royal Bank Of Canada restated a “buy” rating on shares of Valero Energy Corporation in a report on Wednesday, April 26th. Morgan Stanley lowered shares of Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $77.00 to $70.00 in a report on Tuesday, May 30th. Finally, ValuEngine upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average 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 value of $333,166.68. Following the completion of the transaction, the director now owns 9,866 shares in the company, valued at $638,132.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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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