Diversify Advisory Services LLC bought a new position in shares of Valero Energy Corporation (NYSE:VLO – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,841 shares of the oil and gas company’s stock, valued at approximately $1,000,000.
A number of other hedge funds have also made changes to their positions in VLO. State Street Corp lifted its holdings in Valero Energy by 0.9% in the 4th quarter. State Street Corp now owns 18,177,191 shares of the oil and gas company’s stock valued at $2,959,065,000 after purchasing an additional 163,975 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Valero Energy by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,950,982 shares of the oil and gas company’s stock valued at $1,945,500,000 after acquiring an additional 63,919 shares during the last quarter. Norges Bank purchased a new position in Valero Energy in the 4th quarter worth approximately $1,111,542,000. Franklin Resources Inc. grew its position in shares of Valero Energy by 7.5% in the fourth quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock valued at $922,728,000 after purchasing an additional 394,693 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Valero Energy by 11.4% in the first quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock valued at $1,243,630,000 after purchasing an additional 516,975 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.
Insider Buying and Selling at Valero Energy
In related news, SVP Eric A. Fisher sold 7,500 shares of the firm’s stock in a transaction that occurred 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 owned 19,742 shares of the company’s stock, valued at $5,294,212.14. This trade represents a 27.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.36% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on VLO
Valero Energy Stock Down 1.2%
Shares of VLO opened at $345.99 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.23 and a current ratio of 1.64. The stock has a market capitalization of $99.62 billion, a PE ratio of 14.36, a P/E/G ratio of 0.23 and a beta of 0.55. The company’s 50-day simple moving average is $289.39 and its 200-day simple moving average is $251.90. Valero Energy Corporation has a 1 year low of $137.88 and a 1 year high of $351.00.
Valero Energy (NYSE:VLO – Get Free Report) last released its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $39.47 billion. During the same period in the prior year, the business earned $2.28 EPS. The firm’s quarterly revenue was up 48.8% on a year-over-year basis. Analysts forecast that Valero Energy Corporation will post 40.62 earnings per share for the current fiscal year.
Valero Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.4%. Valero Energy’s payout ratio is currently 19.92%.
Valero Energy Company 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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