Pittenger & Anderson Inc. grew its position in shares of Valero Energy Corporation (NYSE:VLO) by 45.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,285 shares of the oil and gas company’s stock after purchasing an additional 2,910 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Valero Energy Corporation were worth $626,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Independent Portfolio Consultants Inc. grew its holdings in shares of Valero Energy Corporation by 62.2% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock worth $109,000 after purchasing an additional 619 shares during the last quarter. First Personal Financial Services grew its holdings in shares of Valero Energy Corporation by 13.6% during the second quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 196 shares during the last quarter. Guardian Life Insurance Co. of America grew its holdings in shares of Valero Energy Corporation by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock worth $116,000 after purchasing an additional 11 shares during the last quarter. Ffcm LLC grew its holdings in shares of Valero Energy Corporation by 189.4% during the second quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock worth $128,000 after purchasing an additional 1,231 shares during the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new position in shares of Valero Energy Corporation during the first quarter worth about $127,000. 80.75% of the stock is currently owned by institutional investors.
Valero Energy Corporation (NYSE:VLO) traded up 1.70% during midday trading on Friday, hitting $71.13. 6,859,864 shares of the stock were exchanged. The stock has a market cap of $31.42 billion, a price-to-earnings ratio of 17.56 and a beta of 1.19. Valero Energy Corporation has a 52 week low of $51.17 and a 52 week high of $71.51. The firm’s 50-day moving average is $67.83 and its 200 day moving average is $66.36.
Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.15. The company had revenue of $22.25 billion during the quarter, compared to analyst estimates of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 EPS. Equities research analysts expect that Valero Energy Corporation will post $4.29 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date was Monday, August 7th. Valero Energy Corporation’s dividend payout ratio is currently 69.14%.
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Several equities analysts have issued reports on VLO shares. US Capital Advisors reaffirmed an “overweight” rating on shares of Valero Energy Corporation in a report on Monday, May 22nd. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Valero Energy Corporation in a report on Thursday, May 25th. Morgan Stanley lowered Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $77.00 to $70.00 in a report on Tuesday, May 30th. ValuEngine raised Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Finally, BidaskClub raised Valero Energy Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $72.56.
In other news, Director Stephen M. Waters sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total value of $102,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Kaufman Purcell sold 5,151 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total transaction of $333,166.68. Following the completion of the sale, the director now directly owns 9,866 shares of the company’s stock, valued at $638,132.88. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.
Valero Energy Corporation Profile
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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