Valero Energy Corporation (NYSE:VLO) Stake Maintained by Argyle Capital Management Inc.
Argyle Capital Management Inc. maintained its position in Valero Energy Corporation (NYSE:VLO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,921 shares of the oil and gas company’s stock at the end of the second quarter. Argyle Capital Management Inc.’s holdings in Valero Energy Corporation were worth $872,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in VLO. Tompkins Financial Corp boosted 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 worth $109,000 after buying an additional 1,115 shares in the last quarter. Independent Portfolio Consultants Inc. boosted 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 worth $109,000 after buying an additional 619 shares in the last quarter. Guardian Life Insurance Co. of America boosted 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 worth $116,000 after buying an additional 11 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new position in Valero Energy Corporation during the first quarter worth approximately $127,000. Finally, Americafirst Capital Management LLC boosted 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 worth $145,000 after buying an additional 703 shares in the last quarter. 79.25% of the stock is owned by hedge funds and other institutional investors.
Shares of Valero Energy Corporation (NYSE:VLO) opened at 66.93 on Thursday. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $71.40. The stock has a 50 day moving average of $67.52 and a 200 day moving average of $66.16. The company has a market cap of $29.93 billion, a price-to-earnings ratio of 16.54 and a beta of 1.21.
Valero Energy Corporation (NYSE:VLO) last issued its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. The firm had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.58%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 earnings per share. Analysts forecast that Valero Energy Corporation will post $4.00 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 9th will be issued a $0.70 dividend. The ex-dividend date is Monday, August 7th. This represents a $2.80 annualized dividend and a yield of 4.18%. Valero Energy Corporation’s dividend payout ratio (DPR) is 69.14%.
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A number of equities analysts recently commented on VLO shares. 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 target for the company. Scotiabank set a $70.00 price target on shares of Valero Energy Corporation and gave the stock a “buy” rating in a research note on Monday, June 26th. Jefferies Group LLC raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $80.00 in a research note on Thursday, June 22nd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Valero Energy Corporation in a research note on Wednesday, April 26th. Finally, ValuEngine raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. The stock 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 firm’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 transaction of $333,166.68. Following the sale, the director now owns 9,866 shares of the company’s stock, valued at $638,132.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.45% of the stock is 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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