Valero Energy Corporation (VLO) Stake Boosted by Motco
Motco raised its position in Valero Energy Corporation (NYSE:VLO) by 11.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,473 shares of the oil and gas company’s stock after buying an additional 6,017 shares during the period. Motco’s holdings in Valero Energy Corporation were worth $3,809,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of Valero Energy Corporation by 2,578.1% in the first quarter. BlackRock Inc. now owns 38,217,393 shares of the oil and gas company’s stock worth $2,533,433,000 after buying an additional 36,790,343 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Valero Energy Corporation by 2.5% in the first quarter. Vanguard Group Inc. now owns 33,405,279 shares of the oil and gas company’s stock worth $2,214,436,000 after buying an additional 827,661 shares during the last quarter. LSV Asset Management increased its position in shares of Valero Energy Corporation by 6.3% in the first quarter. LSV Asset Management now owns 8,710,850 shares of the oil and gas company’s stock worth $577,442,000 after buying an additional 514,850 shares during the last quarter. American International Group Inc. increased its position in shares of Valero Energy Corporation by 1.4% in the first quarter. American International Group Inc. now owns 7,539,695 shares of the oil and gas company’s stock worth $499,806,000 after buying an additional 102,794 shares during the last quarter. Finally, APG Asset Management N.V. increased its position in shares of Valero Energy Corporation by 1.9% in the second quarter. APG Asset Management N.V. now owns 5,103,965 shares of the oil and gas company’s stock worth $344,313,000 after buying an additional 97,550 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of Valero Energy Corporation (VLO) opened at 69.20 on Friday. The firm has a 50-day moving average of $67.37 and a 200 day moving average of $66.17. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $71.40. The stock has a market capitalization of $30.56 billion, a price-to-earnings ratio of 17.08 and a beta of 1.19.
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, beating analysts’ consensus estimates of $1.08 by $0.15. The company had revenue of $22.25 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 earnings per share. Equities analysts forecast that Valero Energy Corporation will post $4.04 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be paid a $0.70 dividend. The ex-dividend date is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a yield of 4.05%. Valero Energy Corporation’s dividend payout ratio is presently 69.14%.
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VLO has been the topic of a number of recent analyst reports. ValuEngine raised Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Friday. US Capital Advisors reissued an “overweight” rating on shares of Valero Energy Corporation in a report on Monday, May 22nd. BidaskClub lowered shares of Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Jefferies Group LLC dropped their price objective on shares of Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, August 23rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $77.00 price objective on shares of Valero Energy Corporation in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $72.56.
In other Valero Energy Corporation news, Director Susan Kaufman Purcell sold 5,151 shares of Valero Energy Corporation stock in a transaction 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 transaction, the director now directly owns 9,866 shares in the company, valued at $638,132.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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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