Valero Energy Corporation (VLO) Holdings Raised by Cypress Capital Management LLC

Cypress Capital Management LLC boosted its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 33.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,412 shares of the oil and gas company’s stock after acquiring an additional 2,090 shares during the quarter. Cypress Capital Management LLC’s holdings in Valero Energy Corporation were worth $567,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of VLO. Independent Portfolio Consultants Inc. increased its stake in 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 acquiring an additional 619 shares during the last quarter. First Personal Financial Services increased its stake in 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 acquiring an additional 196 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in 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 acquiring an additional 11 shares during the last quarter. Ffcm LLC increased its stake in 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 acquiring an additional 1,231 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in Valero Energy Corporation by 16.9% during the second quarter. Manchester Capital Management LLC now owns 2,076 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 300 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

Valero Energy Corporation (NYSE VLO) traded down 0.36% on Monday, reaching $76.95. The company had a trading volume of 1,258,756 shares. Valero Energy Corporation has a 52-week low of $52.64 and a 52-week high of $78.64. The firm has a market capitalization of $33.99 billion, a price-to-earnings ratio of 19.00 and a beta of 1.21. The stock’s 50-day moving average price is $71.32 and its 200 day moving average price is $67.22.

Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. During the same period in the prior year, the firm earned $1.07 EPS. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities analysts anticipate that Valero Energy Corporation will post $4.44 earnings per share for the current fiscal year.

In other news, Director Stephen M. Waters sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total transaction of $102,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value of $3,863,514.56. Following the sale, the chief financial officer now owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The disclosure for this sale can be found here. Insiders have sold 55,168 shares of company stock valued at $4,015,279 over the last 90 days. Insiders own 0.45% of the company’s stock.

WARNING: “Valero Energy Corporation (VLO) Holdings Raised by Cypress Capital Management LLC” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/09/valero-energy-corporation-vlo-holdings-raised-by-cypress-capital-management-llc.html.

Several equities research analysts have issued reports on the company. J P Morgan Chase & Co cut Valero Energy Corporation from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $75.00 to $78.00 in a research note on Friday. UBS AG reissued a “neutral” rating and set a $80.00 target price (up previously from $69.00) on shares of Valero Energy Corporation in a research note on Wednesday, September 27th. Cowen and Company lifted their price objective on Valero Energy Corporation from $70.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, September 28th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $73.00 price objective (up from $65.00) on shares of Valero Energy Corporation in a research note on Wednesday, Septe

A number of other hedge funds have also bought and sold shares of VLO. Independent Portfolio Consultants Inc. increased its stake in 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 acquiring an additional 619 shares during the last quarter. First Personal Financial Services increased its stake in 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 acquiring an additional 196 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in 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 acquiring an additional 11 shares during the last quarter. Ffcm LLC increased its stake in 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 acquiring an additional 1,231 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in Valero Energy Corporation by 16.9% during the second quarter. Manchester Capital Management LLC now owns 2,076 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 300 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

Valero Energy Corporation (NYSE VLO) traded down 0.36% on Monday, reaching $76.95. The company had a trading volume of 1,258,756 shares. Valero Energy Corporation has a 52-week low of $52.64 and a 52-week high of $78.64. The firm has a market capitalization of $33.99 billion, a price-to-earnings ratio of 19.00 and a beta of 1.21. The stock’s 50-day moving average price is $71.32 and its 200 day moving average price is $67.22.

Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. During the same period in the prior year, the firm earned $1.07 EPS. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities analysts anticipate that Valero Energy Corporation will post $4.44 earnings per share for the current fiscal year.

In other news, Director Stephen M. Waters sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total transaction of $102,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value of $3,863,514.56. Following the sale, the chief financial officer now owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The disclosure for this sale can be found here. Insiders have sold 55,168 shares of company stock valued at $4,015,279 over the last 90 days. Insiders own 0.45% of the company’s stock.

WARNING: “Valero Energy Corporation (VLO) Holdings Raised by Cypress Capital Management LLC” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/09/valero-energy-corporation-vlo-holdings-raised-by-cypress-capital-management-llc.html.

Several equities research analysts have issued reports on the company. J P Morgan Chase & Co cut Valero Energy Corporation from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $75.00 to $78.00 in a research note on Friday. UBS AG reissued a “neutral” rating and set a $80.00 target price (up previously from $69.00) on shares of Valero Energy Corporation in a research note on Wednesday, September 27th. Cowen and Company lifted their price objective on Valero Energy Corporation from $70.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, September 28th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $73.00 price objective (up from $65.00) on shares of Valero Energy Corporation in a research note on Wednesday, September 20th. Finally, ValuEngine raised Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $74.61.

Valero Energy Corporation Company 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.

Institutional Ownership by Quarter for Valero Energy Corporation (NYSE:VLO)

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