Valero Energy Corporation (VLO) Shares Sold by Bamco Inc. NY
Bamco Inc. NY cut its position in shares of Valero Energy Corporation (NYSE:VLO) by 69.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,100 shares of the oil and gas company’s stock after selling 29,800 shares during the quarter. Bamco Inc. NY’s holdings in Valero Energy Corporation were worth $884,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Waldron LP lifted its stake in shares of Valero Energy Corporation by 45.7% in the 1st quarter. Waldron LP now owns 8,455 shares of the oil and gas company’s stock valued at $560,000 after purchasing an additional 2,650 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Valero Energy Corporation by 17.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 69,253 shares of the oil and gas company’s stock worth $4,591,000 after purchasing an additional 10,410 shares during the period. TFS Capital LLC purchased a new stake in shares of Valero Energy Corporation during the 1st quarter worth about $479,000. Toronto Dominion Bank grew its holdings in shares of Valero Energy Corporation by 60.8% during the 1st quarter. Toronto Dominion Bank now owns 137,266 shares of the oil and gas company’s stock worth $9,099,000 after purchasing an additional 51,921 shares during the period. Finally, Blue Granite Capital LLC increased its position in Valero Energy Corporation by 30.8% during the 1st quarter. Blue Granite Capital LLC now owns 17,000 shares of the oil and gas company’s stock worth $1,127,000 after purchasing an additional 4,000 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.
A number of research analysts have weighed in on the stock. UBS AG reaffirmed a “neutral” rating and set a $80.00 price target (up from $69.00) on shares of Valero Energy Corporation in a research report on Wednesday, September 27th. Cowen and Company increased their price objective on shares of Valero Energy Corporation from $70.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, September 28th. Deutsche Bank AG reissued a “hold” rating and issued a $73.00 price objective (up previously from $65.00) on shares of Valero Energy Corporation in a research report on Wednesday, September 20th. ValuEngine raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub downgraded shares of Valero Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $74.49.
In other Valero Energy Corporation news, Director Stephen M. Waters sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total value of $102,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Michael S. Ciskowski sold 53,012 shares of Valero Energy Corporation stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total value of $3,863,514.56. Following the completion of the transaction, the chief financial officer now directly owns 67,413 shares in the company, valued at $4,913,059.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,168 shares of company stock valued at $4,015,279. 0.45% of the stock is owned by corporate insiders.
Shares of Valero Energy Corporation (NYSE VLO) opened at 77.57 on Wednesday. The company has a 50-day moving average of $70.33 and a 200 day moving average of $67.01. The firm has a market capitalization of $34.26 billion, a PE ratio of 19.15 and a beta of 1.22. Valero Energy Corporation has a 12-month low of $52.64 and a 12-month high of $77.77.
Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.15. The business had revenue of $22.25 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $1.07 earnings per share. On average, analysts predict that Valero Energy Corporation will post $4.36 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Wednesday, August 9th were paid a dividend of $0.70 per share. The ex-dividend date was Monday, August 7th. This represents a $2.80 annualized dividend and a yield of 3.61%. Valero Energy Corporation’s payout ratio is 69.14%.
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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