Mitsubishi UFJ Trust & Banking Corp Has $35.71 Million Position in Valero Energy Corporation $VLO

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Valero Energy Corporation (NYSE:VLO) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 137,126 shares of the oil and gas company’s stock after selling 5,349 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Valero Energy were worth $35,713,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Valero Energy during the second quarter worth $507,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its stake in shares of Valero Energy by 20.8% during the second quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 12,800 shares of the oil and gas company’s stock valued at $3,334,000 after acquiring an additional 2,200 shares during the period. Cornerstone Select Advisors LLC boosted its holdings in Valero Energy by 26.2% in the second quarter. Cornerstone Select Advisors LLC now owns 13,285 shares of the oil and gas company’s stock valued at $3,460,000 after acquiring an additional 2,754 shares during the last quarter. Mosaic Family Wealth Partners LLC bought a new position in Valero Energy in the second quarter valued at about $701,000. Finally, Capital Analysts LLC increased its position in Valero Energy by 11.6% in the second quarter. Capital Analysts LLC now owns 3,042 shares of the oil and gas company’s stock worth $792,000 after purchasing an additional 317 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Trading Down 0.1%

NYSE VLO opened at $341.36 on Monday. Valero Energy Corporation has a 12 month low of $135.01 and a 12 month high of $346.09. The stock has a 50-day simple moving average of $283.92 and a 200 day simple moving average of $248.42. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $98.29 billion, a PE ratio of 14.16, a P/E/G ratio of 0.23 and a beta of 0.55.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.11 by $2.43. The firm had revenue of $44.48 billion for the quarter, compared to analysts’ expectations of $39.47 billion. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%.The company’s revenue was up 48.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.28 earnings per share. Research analysts forecast that Valero Energy Corporation will post 40.62 EPS for the current year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, July 31st will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, July 31st. Valero Energy’s dividend payout ratio (DPR) is currently 19.92%.

Analyst Upgrades and Downgrades

VLO has been the subject of several recent research reports. Citigroup boosted their price objective on Valero Energy from $259.00 to $302.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Jefferies Financial Group set a $350.00 target price on shares of Valero Energy in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. TD Cowen boosted their price target on shares of Valero Energy from $338.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Finally, Zacks Research upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and an average target price of $288.00.

Insiders Place Their Bets

In related news, SVP Eric A. Fisher sold 7,500 shares of Valero Energy stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the transaction, the senior vice president owned 19,742 shares of the company’s stock, valued at $5,294,212.14. This trade represents a 27.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is owned by insiders.

Valero Energy Company Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.