Northern Capital Management LLC increased its stake in Valero Energy Corp. (NYSE:VLO) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,550 shares of the company’s stock after buying an additional 920 shares during the period. Northern Capital Management LLC’s holdings in Valero Energy Corp. were worth $2,425,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Teachers Advisors Inc. increased its stake in shares of Valero Energy Corp. by 4.1% in the first quarter. Teachers Advisors Inc. now owns 755,587 shares of the company’s stock valued at $48,463,000 after buying an additional 29,833 shares during the period. Ngam Advisors L.P. increased its stake in shares of Valero Energy Corp. by 33.6% in the first quarter. Ngam Advisors L.P. now owns 68,899 shares of the company’s stock valued at $4,419,000 after buying an additional 17,336 shares during the period. Morris Capital Advisors LLC bought a new stake in shares of Valero Energy Corp. during the first quarter valued at about $598,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Valero Energy Corp. by 29.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 748,825 shares of the company’s stock valued at $48,030,000 after buying an additional 169,520 shares during the period. Finally, Cornerstone Financial Partners LLC increased its stake in shares of Valero Energy Corp. by 46.0% in the first quarter. Cornerstone Financial Partners LLC now owns 29,746 shares of the company’s stock valued at $1,906,000 after buying an additional 9,368 shares during the period. Institutional investors and hedge funds own 78.49% of the company’s stock.
Shares of Valero Energy Corp. (NYSE:VLO) traded up 2.49% during midday trading on Friday, reaching $53.00. The company had a trading volume of 8,312,390 shares. The stock has a 50-day moving average of $55.17 and a 200 day moving average of $55.91. Valero Energy Corp. has a 52 week low of $46.88 and a 52 week high of $73.88. The firm has a market capitalization of $24.45 billion, a price-to-earnings ratio of 8.52 and a beta of 1.97.
Valero Energy Corp. (NYSE:VLO) last released its earnings results on Tuesday, July 26th. The company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.04. The company had revenue of $19.58 billion for 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 quarterly revenue was down 22.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.66 earnings per share. On average, analysts anticipate that Valero Energy Corp. will post $3.33 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Thursday, August 11th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, August 9th. This represents a $2.40 annualized dividend and a yield of 4.53%. Valero Energy Corp.’s dividend payout ratio (DPR) is presently 38.77%.
Several research firms have weighed in on VLO. Zacks Investment Research raised Valero Energy Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 8th. Vetr raised Valero Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $63.15 price objective on the stock in a research report on Wednesday, August 31st. Piper Jaffray Cos. boosted their price objective on Valero Energy Corp. from $48.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, August 22nd. Jefferies Group began coverage on Valero Energy Corp. in a research report on Tuesday, August 23rd. They issued a “buy” rating and a $66.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Valero Energy Corp. from $57.00 to $59.00 and gave the stock an “overweight” rating in a research report on Friday, June 10th. Nine research 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 company. Valero Energy Corp. 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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