Liberty Mutual Group Asset Management Inc. lowered its stake in Valero Energy Corporation (NYSE:VLO) by 28.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,187 shares of the oil and gas company’s stock after selling 9,265 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Valero Energy Corporation were worth $1,537,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Tompkins Financial Corp raised its stake in shares of Valero Energy Corporation by 190.3% in the first quarter. Tompkins Financial Corp now owns 1,701 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 1,115 shares in the last quarter. Guardian Life Insurance Co. of America raised its stake in shares of Valero Energy Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock valued at $116,000 after buying an additional 11 shares in the last quarter. Thompson Davis & CO. Inc. bought a new stake in shares of Valero Energy Corporation during the first quarter valued at approximately $127,000. Americafirst Capital Management LLC raised its stake in shares of Valero Energy Corporation by 47.6% in the first quarter. Americafirst Capital Management LLC now owns 2,181 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 703 shares in the last quarter. Finally, Sandy Spring Bank raised its stake in shares of Valero Energy Corporation by 96.9% in the first quarter. Sandy Spring Bank now owns 2,712 shares of the oil and gas company’s stock valued at $179,000 after buying an additional 1,335 shares in the last quarter. 79.18% of the stock is currently owned by institutional investors.
Shares of Valero Energy Corporation (NYSE VLO) traded down 0.66% during midday trading on Wednesday, hitting $67.99. The company had a trading volume of 789,343 shares. The stock’s 50-day moving average price is $66.32 and its 200-day moving average price is $66.02. Valero Energy Corporation has a one year low of $49.95 and a one year high of $71.40. The stock has a market capitalization of $30.41 billion, a price-to-earnings ratio of 14.87 and a beta of 1.22.
Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings results on Tuesday, April 25th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.08. Valero Energy Corporation had a net margin of 2.57% and a return on equity of 8.31%. The business had revenue of $21.77 billion during the quarter, compared to analyst estimates of $19.15 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The company’s revenue was up 38.6% on a year-over-year basis. Analysts predict that Valero Energy Corporation will post $4.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be given a dividend of $0.70 per share. The ex-dividend date is Monday, August 7th. This represents a $2.80 annualized dividend and a yield of 4.09%. Valero Energy Corporation’s payout ratio is 61.54%.
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Several brokerages recently commented on VLO. BidaskClub raised Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Citigroup Inc. cut their price objective on Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, July 17th. Standpoint Research initiated coverage on Valero Energy Corporation in a research report on Friday, June 30th. They issued an “accumulate” rating and a $84.00 price objective for the company. Scotiabank set a $70.00 price objective on Valero Energy Corporation and gave the company a “buy” rating in a research report on Monday, June 26th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Valero Energy Corporation in a research report on Wednesday, April 26th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $71.59.
In other Valero Energy Corporation news, Director Susan Kaufman Purcell sold 5,151 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were 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 in the company, valued at $638,132.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.45% of the company’s stock.
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.
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