Livingston Group Asset Management CO operating as Southport Capital Management raised its position in shares of Valero Energy Corporation (NYSE:VLO) by 24.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,848 shares of the oil and gas company’s stock after buying an additional 3,518 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Valero Energy Corporation were worth $1,204,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased 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. increased 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 increased 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. increased 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. increased its position in shares of 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 valued at $331,875,000 after buying an additional 216,881 shares during the period. Institutional investors and hedge funds own 78.88% of the company’s stock.
Shares of Valero Energy Corporation (NYSE:VLO) traded down 1.73% during trading on Wednesday, reaching $65.99. 2,807,522 shares of the company traded hands. The company has a 50-day moving average of $67.62 and a 200-day moving average of $66.13. Valero Energy Corporation has a 12 month low of $51.17 and a 12 month high of $71.40. The stock has a market capitalization of $29.15 billion, a PE ratio of 16.29 and a beta of 1.21.
Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.15. The business had revenue of $22.25 billion during the quarter, compared to analyst estimates of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business earned $1.07 EPS. Analysts forecast that Valero Energy Corporation will post $4.02 earnings per share for the current fiscal year.
The firm 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 of this dividend is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a yield of 4.24%. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 69.14%.
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VLO has been the topic of several recent analyst reports. Credit Suisse Group reiterated a “hold” rating and issued a $65.00 target price on shares of Valero Energy Corporation in a report on Wednesday, June 21st. Standpoint Research initiated coverage on shares of Valero Energy Corporation in a report on Friday, June 30th. They issued an “accumulate” rating and a $84.00 target price on the stock. Scotiabank set a $70.00 target price on shares of Valero Energy Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. ValuEngine upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Finally, Royal Bank Of Canada raised their price target on shares of Valero Energy Corporation from $77.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Valero Energy Corporation currently has a consensus rating of “Buy” and an average target price of $71.59.
In related news, Director Susan Kaufman Purcell sold 5,151 shares of the firm’s 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 completion of the transaction, the director now owns 9,866 shares in the company, valued at approximately $638,132.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.45% of the stock is owned by company insiders.
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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