Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Valero Energy Corporation (NYSE:VLO – Free Report) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 137,126 shares of the oil and gas company’s stock after selling 5,349 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Valero Energy were worth $35,713,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Woodline Partners LP increased its holdings in shares of Valero Energy by 40.7% in the first quarter. Woodline Partners LP now owns 26,747 shares of the oil and gas company’s stock worth $3,532,000 after acquiring an additional 7,735 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Valero Energy by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,929 shares of the oil and gas company’s stock worth $259,000 after purchasing an additional 222 shares during the period. Gamco Investors INC. ET AL bought a new position in shares of Valero Energy during the 2nd quarter valued at about $528,000. Sei Investments Co. lifted its holdings in shares of Valero Energy by 11.3% during the 2nd quarter. Sei Investments Co. now owns 269,043 shares of the oil and gas company’s stock valued at $36,165,000 after purchasing an additional 27,291 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in shares of Valero Energy by 0.9% in the 2nd quarter. Treasurer of the State of North Carolina now owns 145,810 shares of the oil and gas company’s stock valued at $19,600,000 after purchasing an additional 1,338 shares during the period. 78.69% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of Valero Energy stock in a transaction on Monday, June 29th. The shares were sold at an average price of $268.17, for a total value of $2,011,275.00. Following the sale, the senior vice president directly owned 19,742 shares in the company, valued at approximately $5,294,212.14. The trade was a 27.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.36% of the company’s stock.
Valero Energy Trading Down 0.1%
Valero Energy (NYSE:VLO – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share for the quarter, topping the consensus estimate of $10.11 by $2.43. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The company had revenue of $44.48 billion during the quarter, compared to analysts’ expectations of $39.47 billion. During the same period last year, the business earned $2.28 EPS. The business’s quarterly revenue was up 48.8% on a year-over-year basis. As a group, analysts expect that Valero Energy Corporation will post 40.62 EPS for the current fiscal year.
Valero Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, July 31st will be given a $1.20 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a yield of 1.4%. Valero Energy’s dividend payout ratio (DPR) is 19.92%.
Analysts Set New Price Targets
A number of research firms recently issued reports on VLO. Morgan Stanley increased their target price on Valero Energy from $232.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Friday, June 12th. Weiss Ratings raised shares of Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Barclays increased their price objective on shares of Valero Energy from $279.00 to $323.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Wells Fargo & Company boosted their price objective on shares of Valero Energy from $292.00 to $356.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Jefferies Financial Group set a $350.00 price objective on shares of Valero Energy in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $288.00.
Check Out Our Latest Analysis on Valero Energy
Valero Energy Profile
Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.
In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.
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