Harbour Capital Advisors LLC raised its position in Valero Energy Corporation (NYSE:VLO) by 6,236.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,226,760 shares of the oil and gas company’s stock after buying an additional 1,207,400 shares during the period. Harbour Capital Advisors LLC’s holdings in Valero Energy Corporation were worth $18,185,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of VLO. BlackRock Inc. raised its position in shares of 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 during the period. Vanguard Group Inc. raised its position in shares of 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 during the period. LSV Asset Management raised its position in shares of 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 during the period. American International Group Inc. raised its position in shares of 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 during the period. Finally, APG Asset Management N.V. raised its position in shares of Valero Energy Corporation by 1.9% in the second quarter. APG Asset Management N.V. now owns 5,103,965 shares of the oil and gas company’s stock worth $344,313,000 after buying an additional 97,550 shares during the period. Institutional investors own 79.25% of the company’s stock.
Shares of Valero Energy Corporation (VLO) opened at 66.15 on Friday. The firm has a 50-day moving average price of $67.59 and a 200-day moving average price of $66.16. Valero Energy Corporation has a 12 month low of $51.17 and a 12 month high of $71.40. The company has a market capitalization of $29.22 billion, a PE ratio of 16.33 and a beta of 1.21.
Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. The firm had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $19.32 billion. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 EPS. On average, equities research analysts predict that Valero Energy Corporation will post $4.01 EPS for the current year.
The firm 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. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.80 annualized dividend and a dividend yield of 4.23%. Valero Energy Corporation’s payout ratio is 69.14%.
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A number of research analysts have recently commented on VLO shares. US Capital Advisors reiterated an “overweight” rating on shares of Valero Energy Corporation in a report on Monday, May 22nd. Jefferies Group LLC set a $65.00 price target on Valero Energy Corporation and gave the stock a “hold” rating in a report on Wednesday, April 19th. Piper Jaffray Companies reiterated a “neutral” rating on shares of Valero Energy Corporation in a report 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 report on Wednesday, June 21st. Finally, Scotiabank set a $70.00 price target on Valero Energy Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $71.59.
In other news, Director Susan Kaufman Purcell sold 5,151 shares of Valero Energy Corporation stock in a transaction on Wednesday, June 21st. The stock was 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 in the company, valued at approximately $638,132.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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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