First National Trust Co. boosted its stake in shares of Valero Energy Corp. (NYSE:VLO) by 18.5% during the second quarter, Holdings Channel reports. The fund owned 28,249 shares of the company’s stock after buying an additional 4,401 shares during the period. First National Trust Co.’s holdings in Valero Energy Corp. were worth $1,440,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of VLO. JPMorgan Chase & Co. boosted its position in Valero Energy Corp. by 8.2% in the first quarter. JPMorgan Chase & Co. now owns 10,722,227 shares of the company’s stock worth $687,723,000 after buying an additional 813,060 shares in the last quarter. Nikko Asset Management Americas Inc. bought a new position in Valero Energy Corp. during the first quarter worth about $4,063,000. Columbia Partners L L C Investment Management boosted its position in Valero Energy Corp. by 11.8% in the first quarter. Columbia Partners L L C Investment Management now owns 16,345 shares of the company’s stock worth $1,048,000 after buying an additional 1,730 shares in the last quarter. BlackRock Fund Advisors boosted its position in Valero Energy Corp. by 9.3% in the first quarter. BlackRock Fund Advisors now owns 7,180,317 shares of the company’s stock worth $460,546,000 after buying an additional 612,444 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in Valero Energy Corp. by 6.0% in the first quarter. BlackRock Group LTD now owns 5,609,765 shares of the company’s stock worth $359,810,000 after buying an additional 315,847 shares in the last quarter. Institutional investors own 78.49% of the company’s stock.
Shares of Valero Energy Corp. (NYSE:VLO) traded down 0.19% during mid-day trading on Monday, hitting $52.90. 5,172,192 shares of the stock traded hands. The company has a market capitalization of $24.40 billion, a PE ratio of 8.50 and a beta of 1.87. The company’s 50-day moving average price is $55.16 and its 200 day moving average price is $55.69. Valero Energy Corp. has a 1-year low of $46.88 and a 1-year high of $73.88.
Valero Energy Corp. (NYSE:VLO) last issued its earnings results on Tuesday, July 26th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.03 by $0.04. Valero Energy Corp. had a net margin of 3.89% and a return on equity of 14.05%. The company had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $16.79 billion. During the same period in the previous year, the firm earned $2.66 earnings per share. The firm’s revenue for the quarter was down 22.0% on a year-over-year basis. Equities research analysts forecast that Valero Energy Corp. will post $3.33 EPS 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 paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend was Tuesday, August 9th. Valero Energy Corp.’s payout ratio is 38.77%.
VLO has been the subject of a number of research analyst reports. Vetr cut shares of Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $60.89 price objective for the company. in a research report on Wednesday, August 3rd. Scotiabank reiterated a “sector outperform” rating and set a $60.00 price objective (down from $61.00) on shares of Valero Energy Corp. in a research report on Wednesday, July 27th. Jefferies Group initiated coverage on shares of Valero Energy Corp. in a research report on Tuesday, August 23rd. They set a “buy” rating and a $66.00 price objective for the company. Piper Jaffray Cos. upped their price objective on shares of Valero Energy Corp. from $48.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, August 22nd. Finally, Zacks Investment Research upgraded shares of Valero Energy Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 8th. Nine 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 company has a consensus 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.
Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Corp. (NYSE:VLO).
Receive News & Ratings for Valero Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy Corp. and related companies with MarketBeat.com's FREE daily email newsletter.