Anderson Hoagland & Co. cut its position in shares of Valero Energy Corporation (NYSE:VLO) by 17.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,819 shares of the oil and gas company’s stock after selling 6,755 shares during the period. Valero Energy Corporation comprises approximately 1.4% of Anderson Hoagland & Co.’s investment portfolio, making the stock its 22nd largest position. Anderson Hoagland & Co.’s holdings in Valero Energy Corporation were worth $2,147,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. raised its position in Valero Energy Corporation by 2,578.1% in the first quarter. BlackRock Inc. now owns 38,217,393 shares of the oil and gas company’s stock worth $2,533,433,000 after buying an additional 36,790,343 shares in the last quarter. Vanguard Group Inc. raised its position in Valero Energy Corporation by 2.5% in the first quarter. Vanguard Group Inc. now owns 33,405,279 shares of the oil and gas company’s stock worth $2,214,436,000 after buying an additional 827,661 shares in the last quarter. LSV Asset Management raised its position in Valero Energy Corporation by 6.3% in the first quarter. LSV Asset Management now owns 8,710,850 shares of the oil and gas company’s stock worth $577,442,000 after buying an additional 514,850 shares in the last quarter. American International Group Inc. raised its position in Valero Energy Corporation by 1.4% in the first quarter. American International Group Inc. now owns 7,539,695 shares of the oil and gas company’s stock worth $499,806,000 after buying an additional 102,794 shares in the last quarter. Finally, APG Asset Management N.V. raised its position in Valero Energy Corporation by 4.5% in the first quarter. APG Asset Management N.V. now owns 5,006,415 shares of the oil and gas company’s stock worth $331,875,000 after buying an additional 216,881 shares in the last quarter. Institutional investors own 79.22% of the company’s stock.
Shares of Valero Energy Corporation (NYSE VLO) traded up 0.04% on Friday, reaching $68.53. 3,201,836 shares of the company’s stock traded hands. The firm has a market capitalization of $30.65 billion, a price-to-earnings ratio of 16.88 and a beta of 1.21. The company has a 50 day moving average price of $67.10 and a 200 day moving average price of $66.09. 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 released its 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 firm had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.58%. Valero Energy Corporation’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the company earned $1.07 EPS. On average, equities research analysts predict that Valero Energy Corporation will post $4.00 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, August 7th. This represents a $2.80 annualized dividend and a yield of 4.09%. Valero Energy Corporation’s payout ratio is 69.14%.
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A number of research analysts have commented on VLO shares. US Capital Advisors restated an “overweight” rating on shares of Valero Energy Corporation in a research note on Monday, May 22nd. Jefferies Group LLC set a $65.00 price target on shares of Valero Energy Corporation and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Piper Jaffray Companies reiterated a “neutral” rating on shares of Valero Energy Corporation in a research note on Thursday, May 25th. Credit Suisse Group reiterated a “hold” rating and set a $65.00 price target on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Finally, Scotiabank set a $70.00 price target on shares of Valero Energy Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $71.59.
In other news, Director Susan Kaufman Purcell sold 5,151 shares of Valero Energy Corporation stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total value of $333,166.68. Following the transaction, the director now owns 9,866 shares of the company’s stock, valued at approximately $638,132.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.45% of the company’s stock.
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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