Alpha Windward LLC cut its stake in shares of Valero Energy Corporation (NYSE:VLO) by 3.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,738 shares of the oil and gas company’s stock after selling 397 shares during the period. Valero Energy Corporation makes up 0.5% of Alpha Windward LLC’s holdings, making the stock its 16th largest position. Alpha Windward LLC’s holdings in Valero Energy Corporation were worth $792,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. LBA Wealth Management LLC raised its position in shares of Valero Energy Corporation by 0.6% in the first quarter. LBA Wealth Management LLC now owns 13,198 shares of the oil and gas company’s stock valued at $875,000 after buying an additional 75 shares in the last quarter. Lee Danner & Bass Inc. raised its position in shares of Valero Energy Corporation by 30.0% in the first quarter. Lee Danner & Bass Inc. now owns 14,529 shares of the oil and gas company’s stock valued at $963,000 after buying an additional 3,350 shares in the last quarter. Skba Capital Management LLC raised its position in shares of Valero Energy Corporation by 56.2% in the first quarter. Skba Capital Management LLC now owns 221,600 shares of the oil and gas company’s stock valued at $14,690,000 after buying an additional 79,700 shares in the last quarter. Parkwood LLC raised its position in shares of Valero Energy Corporation by 48.6% in the first quarter. Parkwood LLC now owns 51,857 shares of the oil and gas company’s stock valued at $3,438,000 after buying an additional 16,966 shares in the last quarter. Finally, GWM Advisors LLC bought a new position in shares of Valero Energy Corporation during the first quarter valued at approximately $249,000. 79.03% of the stock is owned by institutional investors and hedge funds.
Shares of Valero Energy Corporation (NYSE VLO) opened at 67.78 on Friday. The firm has a market capitalization of $30.31 billion, a price-to-earnings ratio of 14.82 and a beta of 1.22. Valero Energy Corporation has a one year low of $49.26 and a one year high of $71.40. The stock has a 50 day moving average of $66.00 and a 200-day moving average of $66.05.
Valero Energy Corporation (NYSE:VLO) last posted its earnings results on Tuesday, April 25th. The oil and gas company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $19.15 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The business’s revenue for the quarter was up 38.6% compared to the same quarter last year. On average, equities analysts anticipate that Valero Energy Corporation will post $4.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.13%. Valero Energy Corporation’s payout ratio is currently 61.54%.
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Several equities analysts have recently commented on VLO shares. Credit Suisse Group restated a “hold” rating and issued a $65.00 price objective on shares of Valero Energy Corporation in a report on Wednesday, June 21st. Standpoint Research started coverage on shares of Valero Energy Corporation in a report on Friday, June 30th. They issued an “accumulate” rating and a $84.00 price objective on the stock. Scotiabank set a $70.00 price objective on shares of Valero Energy Corporation and gave the stock a “buy” rating in a report on Monday, June 26th. ValuEngine upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Finally, Royal Bank Of Canada increased their target price on shares of Valero Energy Corporation from $77.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Valero Energy Corporation has an average rating of “Buy” and an average target price of $71.59.
In other news, Director Susan Kaufman Purcell sold 5,151 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total transaction of $333,166.68. Following the transaction, the director now directly owns 9,866 shares of the company’s stock, valued at $638,132.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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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