Creative Planning increased its stake in shares of Valero Energy Corporation (NYSE:VLO) by 6.9% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 56,116 shares of the oil and gas company’s stock after buying an additional 3,604 shares during the period. Creative Planning’s holdings in Valero Energy Corporation were worth $3,786,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in VLO. Independent Portfolio Consultants Inc. raised its position in 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 worth $109,000 after buying an additional 619 shares in the last quarter. Tompkins Financial Corp raised its position 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 worth $109,000 after buying an additional 1,115 shares in the last quarter. Guardian Life Insurance Co. of America raised its position 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 worth $116,000 after buying an additional 11 shares in the last quarter. Thompson Davis & CO. Inc. bought a new position in Valero Energy Corporation during the first quarter worth $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 worth $145,000 after buying an additional 703 shares during the period. Institutional investors and hedge funds own 78.88% of the company’s stock.
Valero Energy Corporation (NYSE:VLO) traded down 1.73% on Wednesday, hitting $65.99. The company’s stock had a trading volume of 2,807,522 shares. The firm has a market cap of $29.15 billion, a price-to-earnings ratio of 16.29 and a beta of 1.21. Valero Energy Corporation has a 12 month low of $51.17 and a 12 month high of $71.40. The firm has a 50 day moving average of $67.64 and a 200 day moving average of $66.13.
Valero Energy Corporation (NYSE:VLO) last released its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.15. The company had revenue of $22.25 billion for 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 period in the prior year, the business earned $1.07 EPS. Equities research analysts forecast that Valero Energy Corporation will post $4.02 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be issued a dividend of $0.70 per share. The ex-dividend date 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%.
ILLEGAL ACTIVITY NOTICE: “Valero Energy Corporation (NYSE:VLO) Stake Increased by Creative Planning” was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://stocknewstimes.com/2017/08/16/valero-energy-corporation-nysevlo-shares-bought-by-creative-planning-updated.html.
A number of brokerages recently commented on VLO. BidaskClub lowered Valero Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. 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. Citigroup Inc. decreased their target price on Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, July 17th. Standpoint Research assumed coverage on Valero Energy Corporation in a research report on Friday, June 30th. They issued an “accumulate” rating and a $84.00 target price for the company. Finally, Jefferies Group LLC raised Valero Energy Corporation from a “hold” rating to a “buy” rating and raised their target price for the stock from $65.00 to $80.00 in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $71.59.
In other Valero Energy Corporation news, Director Susan Kaufman Purcell sold 5,151 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total transaction of $333,166.68. Following the sale, the director now directly owns 9,866 shares in the company, valued at approximately $638,132.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.45% of the stock is owned by corporate 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.
Receive News & Ratings for Valero Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
