Green Square Capital LLC raised its position in Valero Energy Corporation (NYSE:VLO) by 9.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,993 shares of the oil and gas company’s stock after buying an additional 8,773 shares during the period. Valero Energy Corporation comprises about 1.1% of Green Square Capital LLC’s holdings, making the stock its 25th largest position. Green Square Capital LLC’s holdings in Valero Energy Corporation were worth $6,496,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of VLO. Quadrature Capital Ltd acquired a new position in Valero Energy Corporation during the fourth quarter worth approximately $5,913,000. Pegasus Partners Ltd. raised its position in Valero Energy Corporation by 2.4% in the fourth quarter. Pegasus Partners Ltd. now owns 10,669 shares of the oil and gas company’s stock worth $729,000 after buying an additional 249 shares during the last quarter. Teachers Advisors LLC raised its position in Valero Energy Corporation by 15.9% in the fourth quarter. Teachers Advisors LLC now owns 811,432 shares of the oil and gas company’s stock worth $55,437,000 after buying an additional 111,195 shares during the last quarter. Kentucky Retirement Systems purchased a new position in shares of Valero Energy Corporation during the fourth quarter valued at about $2,244,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Valero Energy Corporation during the fourth quarter valued at about $1,001,000. Institutional investors and hedge funds own 79.25% of the company’s stock.
Valero Energy Corporation (NYSE:VLO) opened at 66.15 on Friday. The firm has a market capitalization of $29.22 billion, a P/E ratio of 16.33 and a beta of 1.21. Valero Energy Corporation has a 1-year low of $51.17 and a 1-year high of $71.40. The stock’s 50 day moving average is $67.59 and its 200-day moving average is $66.16.
Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.15. The company had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 earnings per share. Analysts forecast that Valero Energy Corporation will post $4.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 9th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date is Monday, August 7th. Valero Energy Corporation’s payout ratio is 69.14%.
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Several brokerages recently issued reports on VLO. US Capital Advisors restated an “overweight” rating on shares of Valero Energy Corporation in a research note on Monday, May 22nd. Royal Bank Of Canada upped their price objective on Valero Energy Corporation from $77.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. BidaskClub downgraded Valero Energy Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Valero Energy Corporation in a report on Thursday, May 25th. Finally, Scotiabank set a $70.00 price objective on Valero Energy Corporation and gave the stock a “buy” rating in a report on Monday, June 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Valero Energy Corporation presently has a consensus rating of “Buy” and an average target price of $71.59.
In related news, Director Susan Kaufman Purcell sold 5,151 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total value of $333,166.68. Following the transaction, the director now owns 9,866 shares of the company’s stock, valued at $638,132.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.45% of the company’s stock.
About Valero Energy Corporation
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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