HL Financial Services LLC increased its stake in shares of Valero Energy Corp. (NYSE:VLO) by 2.4% during the second quarter, Holdings Channel reports. The firm owned 43,191 shares of the company’s stock after buying an additional 992 shares during the period. HL Financial Services LLC’s holdings in Valero Energy Corp. were worth $2,203,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Security National Trust Co. boosted its position in shares of Valero Energy Corp. by 4.8% in the second quarter. Security National Trust Co. now owns 2,347 shares of the company’s stock valued at $119,000 after buying an additional 107 shares during the period. Sand Hill Global Advisors LLC bought a new position in shares of Valero Energy Corp. during the first quarter valued at $211,000. M&R Capital Management Inc. bought a new position in shares of Valero Energy Corp. during the first quarter valued at $249,000. First American Bank bought a new position in shares of Valero Energy Corp. during the second quarter valued at $205,000. Finally, Brookfield Asset Management Inc. bought a new position in shares of Valero Energy Corp. during the first quarter valued at $259,000. Institutional investors own 78.48% of the company’s stock.
Valero Energy Corp. (NYSE:VLO) traded down 0.14% on Thursday, hitting $55.60. The company’s stock had a trading volume of 4,741,816 shares. Valero Energy Corp. has a 12 month low of $46.88 and a 12 month high of $73.88. The firm has a 50 day moving average of $55.02 and a 200 day moving average of $56.25. The firm has a market cap of $25.65 billion, a price-to-earnings ratio of 8.93 and a beta of 1.97.
Valero Energy Corp. (NYSE:VLO) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. Valero Energy Corp. had a return on equity of 14.05% and a net margin of 3.89%. The company had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $16.79 billion. During the same quarter in the prior year, the business posted $2.66 EPS. The business’s revenue was down 22.0% compared to the same quarter last year. Equities research analysts forecast that Valero Energy Corp. will post $3.33 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Stockholders of record on Thursday, August 11th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date was Tuesday, August 9th. Valero Energy Corp.’s dividend payout ratio is currently 38.77%.
Several brokerages have recently weighed in on VLO. Wells Fargo & Co. reiterated a “buy” rating on shares of Valero Energy Corp. in a research report on Saturday, July 9th. Vetr cut Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $60.89 target price for the company. in a research report on Wednesday, August 3rd. TheStreet cut Valero Energy Corp. to a “hold” rating in a research report on Thursday, May 26th. JPMorgan Chase & Co. restated a “buy” rating on shares of Valero Energy Corp. in a research report on Sunday, June 12th. Finally, Howard Weil reduced their target price on Valero Energy Corp. from $61.00 to $60.00 and set a “sector outperform” rating for the company in a research report on Wednesday, July 27th. Nine investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $69.76.
About Valero Energy Corp.
Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland.
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