Keybank National Association OH lessened its stake in Valero Energy Corporation (NYSE:VLO) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,785 shares of the oil and gas company’s stock after selling 697 shares during the quarter. Keybank National Association OH’s holdings in Valero Energy Corporation were worth $593,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. IndexIQ Advisors LLC boosted its holdings in Valero Energy Corporation by 5.9% in the 2nd quarter. IndexIQ Advisors LLC now owns 7,766 shares of the oil and gas company’s stock worth $524,000 after acquiring an additional 431 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in Valero Energy Corporation in the 2nd quarter worth approximately $1,558,000. Cincinnati Specialty Underwriters Insurance CO purchased a new position in Valero Energy Corporation in the 2nd quarter worth approximately $953,000. CSU Producer Resources Inc. boosted its holdings in Valero Energy Corporation by 72.8% in the 2nd quarter. CSU Producer Resources Inc. now owns 25,059 shares of the oil and gas company’s stock worth $1,690,000 after acquiring an additional 10,559 shares during the period. Finally, Cincinnati Insurance Co. purchased a new position in Valero Energy Corporation in the 2nd quarter worth approximately $8,302,000. Hedge funds and other institutional investors own 80.75% of the company’s stock.
Valero Energy Corporation (VLO) opened at 69.54 on Monday. The company has a market capitalization of $30.71 billion, a PE ratio of 17.17 and a beta of 1.19. The company’s 50-day moving average price is $67.47 and its 200 day moving average price is $66.22. Valero Energy Corporation has a 52 week low of $51.17 and a 52 week high of $71.40.
Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. The business had revenue of $22.25 billion for the quarter, compared to analyst estimates of $19.32 billion. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. Valero Energy Corporation’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.07 EPS. On average, equities research analysts anticipate that Valero Energy Corporation will post $4.14 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Wednesday, August 9th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Monday, August 7th. Valero Energy Corporation’s dividend payout ratio is 69.14%.
In related news, Director Susan Kaufman Purcell sold 5,151 shares of the business’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total value of $333,166.68. Following the sale, the director now owns 9,866 shares of the company’s stock, valued at approximately $638,132.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen M. Waters sold 1,500 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total value of $102,000.00. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.
COPYRIGHT VIOLATION NOTICE: This story was first published by Transcript Daily and is owned by of Transcript Daily. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://transcriptdaily.com/2017/09/11/keybank-national-association-oh-has-593000-holdings-in-valero-energy-corporation-vlo.html.
VLO has been the subject of a number of analyst reports. Credit Suisse Group restated a “hold” rating and issued a $65.00 price target on shares of Valero Energy Corporation in a report on Wednesday, June 21st. Morgan Stanley cut Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $77.00 to $70.00 in a research note on Tuesday, May 30th. Royal Bank Of Canada reiterated a “buy” rating and set a $77.00 target price on shares of Valero Energy Corporation in a research note on Thursday, August 31st. BidaskClub upgraded Valero Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, Goldman Sachs Group, Inc. (The) cut Valero Energy Corporation from a “buy” rating to a “neutral” rating and increased their target price for the company from $65.55 to $73.00 in a research note on Tuesday, May 16th. 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. The company has an average rating of “Buy” and a consensus price target of $72.56.
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.
Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Corporation (NYSE:VLO).
Receive News & Ratings for Valero Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.