Parkwood LLC lowered its stake in shares of Valero Energy Corp. (NYSE:VLO) by 19.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 59,576 shares of the company’s stock after selling 14,652 shares during the period. Parkwood LLC’s holdings in Valero Energy Corp. were worth $3,038,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Security National Trust Co. boosted its stake in 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 last quarter. First American Bank bought a new position in Valero Energy Corp. during the second quarter valued at $205,000. Sand Hill Global Advisors LLC bought a new position in Valero Energy Corp. during the first quarter valued at $211,000. M&R Capital Management Inc. bought a new position in Valero Energy Corp. during the first quarter valued at $249,000. Finally, Brookfield Asset Management Inc. bought a new position in Valero Energy Corp. during the first quarter valued at $259,000. Institutional investors and hedge funds own 78.48% of the company’s stock.
Valero Energy Corp. (NYSE:VLO) traded up 0.13% during trading on Friday, reaching $55.67. The company’s stock had a trading volume of 5,392,029 shares. The company has a market cap of $25.68 billion, a PE ratio of 8.95 and a beta of 1.97. Valero Energy Corp. has a 52-week low of $46.88 and a 52-week high of $73.88. The stock has a 50-day moving average price of $55.09 and a 200 day moving average price of $56.20.
Valero Energy Corp. (NYSE:VLO) last released its earnings results on Tuesday, July 26th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 business earned $19.58 billion during the quarter, compared to the consensus estimate of $16.79 billion. During the same period last year, the business posted $2.66 earnings per share. The business’s revenue for the quarter was down 22.0% on a year-over-year basis. On average, analysts expect that Valero Energy Corp. will post $3.33 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Thursday, August 11th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date was Tuesday, August 9th. Valero Energy Corp.’s dividend payout ratio is currently 38.77%.
Several research firms have weighed in on VLO. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Valero Energy Corp. in a research report on Saturday, July 9th. Vetr lowered Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $60.89 price target on the stock. in a research report on Wednesday, August 3rd. Howard Weil lowered their price target on Valero Energy Corp. from $61.00 to $60.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, July 27th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Valero Energy Corp. in a research report on Sunday, June 12th. Finally, Jefferies Group began coverage on Valero Energy Corp. in a research report on Tuesday, August 23rd. They set a “buy” rating and a $66.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target 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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