Sequoia Financial Advisors LLC boosted its position in shares of Valero Energy Corp. (NYSE:VLO) by 15.4% during the second quarter, Holdings Channel reports. The fund owned 36,057 shares of the company’s stock after buying an additional 4,808 shares during the period. Sequoia Financial Advisors LLC’s holdings in Valero Energy Corp. were worth $1,839,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in VLO. Security National Trust Co. raised 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 worth $119,000 after buying an additional 107 shares during the last quarter. First American Bank bought a new stake in shares of Valero Energy Corp. during the second quarter worth about $205,000. Sand Hill Global Advisors LLC bought a new stake in shares of Valero Energy Corp. during the first quarter worth about $211,000. Financial Architects Inc increased its stake in shares of Valero Energy Corp. by 163.4% in the second quarter. Financial Architects Inc now owns 4,231 shares of the company’s stock worth $216,000 after buying an additional 2,625 shares during the period. Finally, Traynor Capital Management Inc. bought a new stake in shares of Valero Energy Corp. during the second quarter worth about $232,000. Institutional investors own 78.53% of the company’s stock.
Valero Energy Corp. (NYSE:VLO) traded up 0.67% on Monday, hitting $54.15. The stock had a trading volume of 5,476,245 shares. The company’s 50 day moving average price is $54.91 and its 200-day moving average price is $55.10. Valero Energy Corp. has a 12-month low of $46.88 and a 12-month high of $73.88. The company has a market cap of $24.98 billion, a price-to-earnings ratio of 8.70 and a beta of 1.87.
Valero Energy Corp. (NYSE:VLO) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.04. The firm earned $19.58 billion during the quarter, compared to the consensus estimate of $16.79 billion. Valero Energy Corp. had a return on equity of 14.05% and a net margin of 3.89%. Valero Energy Corp.’s revenue for the quarter was down 22.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.66 earnings per share. Equities research analysts anticipate that Valero Energy Corp. will post $3.33 EPS for the current year.
A number of analysts have issued reports on the company. Vetr downgraded Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $57.85 target price for the company. in a research note on Tuesday, July 26th. Zacks Investment Research raised Valero Energy Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 6th. Goldman Sachs Group Inc. reaffirmed a “top pick” rating on shares of Valero Energy Corp. in a research note on Thursday, June 30th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Valero Energy Corp. in a research note on Saturday, July 9th. Finally, Wolfe Research downgraded Valero Energy Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, June 20th. Nine investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $69.71.
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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