Metropolitan Life Insurance Co. NY Has $14.92 Million Stake in Valero Energy Corporation (NYSE:VLO)

Metropolitan Life Insurance Co. NY cut its stake in Valero Energy Corporation (NYSE:VLO) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 225,082 shares of the oil and gas company’s stock after selling 4,262 shares during the period. Metropolitan Life Insurance Co. NY owned approximately 0.05% of Valero Energy Corporation worth $14,921,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the company. Tompkins Financial Corp raised its stake in 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. Guardian Life Insurance Co. of America raised its stake in 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. purchased a new stake in Valero Energy Corporation during the first quarter valued at about $127,000. Americafirst Capital Management LLC raised its stake in 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. Finally, Sandy Spring Bank raised its stake in Valero Energy Corporation by 96.9% in the first quarter. Sandy Spring Bank now owns 2,712 shares of the oil and gas company’s stock valued at $179,000 after buying an additional 1,335 shares in the last quarter. 79.03% of the stock is owned by institutional investors.

Valero Energy Corporation (NYSE:VLO) opened at 67.78 on Friday. Valero Energy Corporation has a 52-week low of $49.26 and a 52-week high of $71.40. The stock’s 50 day moving average price is $66.00 and its 200-day moving average price is $66.05. The company has a market capitalization of $30.31 billion, a P/E ratio of 14.82 and a beta of 1.22.

Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings results on Tuesday, April 25th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.08. The firm had revenue of $21.77 billion for the quarter, compared to analyst estimates of $19.15 billion. Valero Energy Corporation had a return on equity of 8.31% and a net margin of 2.57%. The business’s revenue was up 38.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. Analysts predict that Valero Energy Corporation will post $4.09 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Monday, August 7th. Valero Energy Corporation’s dividend payout ratio is presently 61.54%.

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Several research firms have weighed in on VLO. Standpoint Research began coverage on Valero Energy Corporation in a research note on Friday, June 30th. They issued an “accumulate” rating and a $84.00 price target for the company. Jefferies Group LLC upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating and upped their price target for the stock from $65.00 to $80.00 in a research note on Thursday, June 22nd. Royal Bank Of Canada restated a “buy” rating on shares of Valero Energy Corporation in a research note on Wednesday, April 26th. Scotiabank restated a “buy” rating and issued a $70.00 price target on shares of Valero Energy Corporation in a research note on Monday, March 27th. Finally, ValuEngine upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $71.59.

In other Valero Energy Corporation 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 transaction 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 filing with the Securities & Exchange Commission, which is accessible through this link. 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.