Brown Advisory Inc. reduced its position in shares of Valero Energy Corp. (NYSE:VLO) by 36.0% during the second quarter, Holdings Channel reports. The firm owned 6,119 shares of the company’s stock after selling 3,441 shares during the period. Brown Advisory Inc.’s holdings in Valero Energy Corp. were worth $312,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of VLO. Landscape Capital Management L.L.C. boosted its stake in Valero Energy Corp. by 149.3% in the first quarter. Landscape Capital Management L.L.C. now owns 16,700 shares of the company’s stock worth $1,071,000 after buying an additional 10,000 shares during the period. Advisor Partners LLC boosted its stake in Valero Energy Corp. by 0.4% in the first quarter. Advisor Partners LLC now owns 8,197 shares of the company’s stock worth $526,000 after buying an additional 36 shares during the period. Shufro Rose & Co. LLC boosted its stake in Valero Energy Corp. by 2.9% in the first quarter. Shufro Rose & Co. LLC now owns 14,200 shares of the company’s stock worth $911,000 after buying an additional 400 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in Valero Energy Corp. during the first quarter worth approximately $85,266,000. Finally, Acrospire Investment Management LLC acquired a new stake in Valero Energy Corp. during the first quarter worth approximately $295,000. Institutional investors and hedge funds own 78.49% of the company’s stock.
Shares of Valero Energy Corp. (NYSE:VLO) traded up 1.29% during midday trading on Wednesday, reaching $54.34. The company’s stock had a trading volume of 857,564 shares. The firm’s 50 day moving average is $55.07 and its 200 day moving average is $55.52. The firm has a market capitalization of $25.07 billion, a price-to-earnings ratio of 8.73 and a beta of 1.87. Valero Energy Corp. has a 52 week low of $46.88 and a 52 week high of $73.88.
Valero Energy Corp. (NYSE:VLO) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.04. The company 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 was down 22.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.66 earnings per share. Equities analysts forecast that Valero Energy Corp. will post $3.33 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Thursday, August 11th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend was Tuesday, August 9th. Valero Energy Corp.’s payout ratio is 38.77%.
A number of analysts have recently commented on the company. Zacks Investment Research upgraded Valero Energy Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 8th. Vetr upgraded Valero Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $63.15 price objective for the company 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 company 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 set a “buy” rating and a $66.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target 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 assigned a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $69.76.
Valero Energy Corp. Company Profile
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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