UMB Bank N A MO decreased its position in shares of Valero Energy Corp. (NYSE:VLO) by 23.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,488 shares of the company’s stock after selling 3,770 shares during the period. UMB Bank N A MO’s holdings in Valero Energy Corp. were worth $637,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Tiemann Investment Advisors LLC increased its stake in shares of Valero Energy Corp. by 3.1% in the first quarter. Tiemann Investment Advisors LLC now owns 4,610 shares of the company’s stock worth $296,000 after buying an additional 140 shares during the last quarter. BTC Capital Management Inc. increased its stake in shares of Valero Energy Corp. by 2.3% in the first quarter. BTC Capital Management Inc. now owns 91,071 shares of the company’s stock valued at $5,846,000 after buying an additional 2,005 shares in the last quarter. Virginia Retirement System acquired a new stake in shares of Valero Energy Corp. during the first quarter valued at $28,235,000. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of Valero Energy Corp. during the first quarter valued at $677,000. Finally, Aperio Group LLC increased its stake in shares of Valero Energy Corp. by 9.3% in the first quarter. Aperio Group LLC now owns 255,568 shares of the company’s stock valued at $16,392,000 after buying an additional 21,826 shares in the last quarter. 78.49% of the stock is currently owned by institutional investors.
Shares of Valero Energy Corp. (NYSE:VLO) traded up 1.34% during mid-day trading on Tuesday, hitting $55.02. The stock had a trading volume of 5,951,975 shares. The company has a market cap of $25.38 billion, a PE ratio of 8.84 and a beta of 1.97. The stock has a 50 day moving average price of $55.13 and a 200-day moving average price of $55.95. 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 announced its earnings results on Tuesday, July 26th. The company reported $1.07 earnings per share (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 analysts’ expectations of $16.79 billion. Valero Energy Corp. had a return on equity of 14.05% and a net margin of 3.89%. The business’s revenue was down 22.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.66 EPS. On average, equities analysts expect that Valero Energy Corp. will post $3.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Thursday, August 11th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.36%. Valero Energy Corp.’s dividend payout ratio (DPR) is presently 38.77%.
Several equities research analysts have weighed in on VLO shares. Barclays PLC reissued an “overweight” rating and issued a $73.00 price target on shares of Valero Energy Corp. in a report on Thursday, July 28th. Scotiabank reissued a “sector outperform” rating and issued a $60.00 price target (down previously from $61.00) on shares of Valero Energy Corp. in a report on Wednesday, July 27th. Goldman Sachs Group Inc. reissued a “top pick” rating on shares of Valero Energy Corp. in a report on Thursday, June 30th. Vetr downgraded Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $57.85 price target for the company. in a report on Tuesday, July 26th. Finally, Piper Jaffray Cos. raised their price target on Valero Energy Corp. from $48.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, August 22nd. 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. Valero Energy Corp. has a consensus rating of “Buy” and an average target price 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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