Spectrum Management Group Inc. increased its position in Valero Energy Corporation (NYSE:VLO) by 18.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,949 shares of the oil and gas company’s stock after buying an additional 4,250 shares during the period. Valero Energy Corporation accounts for 0.7% of Spectrum Management Group Inc.’s portfolio, making the stock its 26th largest holding. Spectrum Management Group Inc.’s holdings in Valero Energy Corporation were worth $2,073,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Valero Energy Corporation by 2.8% in the second quarter. BlackRock Inc. now owns 39,298,010 shares of the oil and gas company’s stock worth $2,651,044,000 after buying an additional 1,080,617 shares during the last quarter. Vanguard Group Inc. grew its holdings in Valero Energy Corporation by 2.2% during the second quarter. Vanguard Group Inc. now owns 34,153,259 shares of the oil and gas company’s stock valued at $2,303,979,000 after purchasing an additional 747,980 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Valero Energy Corporation by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 11,825,862 shares of the oil and gas company’s stock valued at $797,793,000 after purchasing an additional 65,704 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Valero Energy Corporation by 4.3% during the third quarter. Bank of New York Mellon Corp now owns 11,273,542 shares of the oil and gas company’s stock valued at $867,273,000 after purchasing an additional 469,406 shares during the last quarter. Finally, LSV Asset Management grew its holdings in Valero Energy Corporation by 4.2% during the second quarter. LSV Asset Management now owns 9,076,859 shares of the oil and gas company’s stock valued at $612,324,000 after purchasing an additional 366,009 shares during the last quarter. Hedge funds and other institutional investors own 80.81% of the company’s stock.
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Shares of Valero Energy Corporation (VLO) traded up $0.64 during midday trading on Friday, hitting $82.12. The company’s stock had a trading volume of 4,322,500 shares, compared to its average volume of 4,083,169. The company has a market capitalization of $36,540.00, a PE ratio of 17.60, a PEG ratio of 1.69 and a beta of 1.17. Valero Energy Corporation has a 12 month low of $60.35 and a 12 month high of $82.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91.
Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.08. The company had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $19.42 billion. Valero Energy Corporation had a return on equity of 9.87% and a net margin of 2.33%. The business’s revenue was up 19.9% on a year-over-year basis. During the same period last year, the business earned $1.24 earnings per share. equities analysts forecast that Valero Energy Corporation will post 4.83 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.41%. Valero Energy Corporation’s payout ratio is presently 60.74%.
Several brokerages have commented on VLO. Standpoint Research downgraded Valero Energy Corporation from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a report on Thursday. Piper Jaffray Companies reiterated a “hold” rating and set a $78.00 price target on shares of Valero Energy Corporation in a report on Friday. US Capital Advisors downgraded Valero Energy Corporation from an “overweight” rating to a “hold” rating in a report on Thursday, August 17th. Macquarie restated a “neutral” rating on shares of Valero Energy Corporation in a research note on Monday, October 23rd. They noted that the move was a valuation call. Finally, BidaskClub downgraded shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $79.28.
In other Valero Energy Corporation news, CFO Michael S. Ciskowski sold 53,012 shares of Valero Energy Corporation stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the completion of the transaction, the chief financial officer now directly owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen M. Waters sold 656 shares of Valero Energy Corporation stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $75.86, for a total value of $49,764.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,268 shares of company stock valued at $4,263,601. Company 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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