Valero Energy Corporation (NYSE:VLO) Position Lowered by Parkwood LLC
Parkwood LLC lowered its position in shares of Valero Energy Corporation (NYSE:VLO) by 7.2% during the second quarter, Holdings Channel reports. The firm owned 48,102 shares of the oil and gas company’s stock after selling 3,755 shares during the period. Parkwood LLC’s holdings in Valero Energy Corporation were worth $3,245,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the stock. OLD Republic International Corp acquired a new stake in Valero Energy Corporation during the first quarter worth $11,435,000. LBA Wealth Management LLC boosted its stake in 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 worth $875,000 after buying an additional 75 shares during the period. Edge Asset Management Inc. boosted its stake in Valero Energy Corporation by 26.2% in the first quarter. Edge Asset Management Inc. now owns 254,041 shares of the oil and gas company’s stock worth $16,840,000 after buying an additional 52,798 shares during the period. Rothschild Asset Management Inc. boosted its stake in Valero Energy Corporation by 12.2% in the first quarter. Rothschild Asset Management Inc. now owns 719,354 shares of the oil and gas company’s stock worth $47,686,000 after buying an additional 78,044 shares during the period. Finally, Snow Capital Management LP boosted its stake in Valero Energy Corporation by 0.5% in the first quarter. Snow Capital Management LP now owns 19,003 shares of the oil and gas company’s stock worth $1,260,000 after buying an additional 101 shares during the period. 79.25% of the stock is currently owned by institutional investors.
Valero Energy Corporation (VLO) traded down 1.28% on Thursday, reaching $66.07. 1,279,780 shares of the company’s stock traded hands. Valero Energy Corporation has a 52-week low of $51.17 and a 52-week high of $71.40. The firm’s 50 day moving average price is $67.50 and its 200 day moving average price is $66.16. The firm has a market capitalization of $29.18 billion, a PE ratio of 16.31 and a beta of 1.21.
Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.15. The business had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. Valero Energy Corporation’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 earnings per share. On average, analysts predict that Valero Energy Corporation will post $4.00 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 9th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Monday, August 7th. Valero Energy Corporation’s dividend payout ratio (DPR) is 69.14%.
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VLO has been the topic of a number of recent analyst reports. Credit Suisse Group reaffirmed a “hold” rating and set a $65.00 price target on shares of Valero Energy Corporation in a report on Wednesday, June 21st. Standpoint Research started coverage on shares of Valero Energy Corporation in a research note on Friday, June 30th. They set an “accumulate” rating and a $84.00 price objective on the stock. Scotiabank set a $70.00 price objective on shares of Valero Energy Corporation and gave the company a “buy” rating in a research note on Monday, June 26th. ValuEngine upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, Royal Bank Of Canada raised their price objective on shares of Valero Energy Corporation from $77.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. Valero Energy Corporation presently has an average rating of “Buy” and an average target price of $71.59.
In other Valero Energy Corporation news, Director Susan Kaufman Purcell sold 5,151 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total value of $333,166.68. Following the completion of the sale, the director now owns 9,866 shares of the company’s stock, valued at $638,132.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.45% of the company’s stock.
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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