Fruth Investment Management maintained its stake in shares of Valero Energy Corporation (NYSE:VLO) during the second quarter, Holdings Channel reports. The fund owned 25,050 shares of the oil and gas company’s stock at the end of the second quarter. Fruth Investment Management’s holdings in Valero Energy Corporation were worth $1,689,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in VLO. Tompkins Financial Corp raised its stake in shares of Valero Energy Corporation by 190.3% in the first quarter. Tompkins Financial Corp now owns 1,701 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 1,115 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of Valero Energy Corporation by 62.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 619 shares in the last quarter. Guardian Life Insurance Co. of America raised its stake in shares of Valero Energy Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock valued at $116,000 after buying an additional 11 shares in the last quarter. Thompson Davis & CO. Inc. bought a new stake in shares of Valero Energy Corporation during the first quarter valued at approximately $127,000. Finally, Americafirst Capital Management LLC raised its stake in shares of Valero Energy Corporation by 47.6% in the first quarter. Americafirst Capital Management LLC now owns 2,181 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 703 shares in the last quarter. Hedge funds and other institutional investors own 79.03% of the company’s stock.
Valero Energy Corporation (NYSE VLO) opened at 67.78 on Friday. The stock’s 50 day moving average is $66.00 and its 200-day moving average is $66.05. Valero Energy Corporation has a 52 week low of $49.26 and a 52 week high of $71.40. 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 (NYSE:VLO) last released its quarterly earnings data on Tuesday, April 25th. The oil and gas company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 quarter last year, the company earned $0.60 EPS. The company’s revenue for the quarter was up 38.6% compared to the same quarter last year. On average, equities research analysts expect that Valero Energy Corporation will post $4.09 EPS for the current year.
The company 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. 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 dividend payout ratio (DPR) is presently 61.54%.
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Several equities research analysts recently commented on VLO shares. Standpoint Research started coverage on shares of Valero Energy Corporation in a research note on Friday, June 30th. They set an “accumulate” rating and a $84.00 price target on the stock. Jefferies Group LLC upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $80.00 in a research note on Thursday, June 22nd. Royal Bank Of Canada reiterated a “buy” rating on shares of Valero Energy Corporation in a research note on Wednesday, April 26th. Scotiabank reiterated a “buy” rating and set a $70.00 price target on shares of Valero Energy Corporation in a research note on Monday, March 27th. Finally, ValuEngine upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Valero Energy Corporation has an average rating of “Buy” and a consensus target price of $71.59.
In related news, Director Susan Kaufman Purcell sold 5,151 shares of the stock in a transaction dated Wednesday, June 21st. The shares were 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is owned by company insiders.
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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