Valero Energy Corporation (VLO) Shares Bought by Kwmg LLC
Kwmg LLC raised its stake in Valero Energy Corporation (NYSE:VLO) by 7.8% during the second quarter, Holdings Channel reports. The fund owned 25,059 shares of the oil and gas company’s stock after buying an additional 1,810 shares during the period. Kwmg LLC’s holdings in Valero Energy Corporation were worth $1,690,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Independent Portfolio Consultants Inc. increased its stake 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. Tompkins Financial Corp increased its stake 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. Guardian Life Insurance Co. of America increased its stake 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. acquired a new stake in Valero Energy Corporation during the first quarter valued at approximately $127,000. Finally, Americafirst Capital Management LLC increased its stake 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. Institutional investors own 79.25% of the company’s stock.
Valero Energy Corporation (NYSE:VLO) traded down 1.28% on Thursday, hitting $66.07. The stock had a trading volume of 1,279,780 shares. Valero Energy Corporation has a 12 month low of $51.17 and a 12 month high of $71.40. The stock has a market cap of $29.18 billion, a P/E ratio of 16.31 and a beta of 1.21. The company’s 50 day moving average is $67.50 and its 200-day moving average is $66.16.
Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.15. The company had revenue of $22.25 billion for 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%. Valero Energy Corporation’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.07 earnings per share. Analysts forecast that Valero Energy Corporation will post $4.00 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be given a dividend of $0.70 per share. The ex-dividend date is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a yield of 4.18%. Valero Energy Corporation’s dividend payout ratio is currently 69.14%.
Several equities research analysts recently commented on the company. US Capital Advisors reiterated an “overweight” rating on shares of Valero Energy Corporation in a report on Monday, May 22nd. BidaskClub cut Valero Energy Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Royal Bank Of Canada raised 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. Piper Jaffray Companies reissued a “neutral” rating on shares of Valero Energy Corporation in a research report on Thursday, May 25th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. The stock has an average 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 that occurred 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 transaction, the director now owns 9,866 shares in the company, valued at $638,132.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.45% of the company’s stock.
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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