Bp Plc Takes Position in Valero Energy Corporation (VLO)

Bp Plc bought a new stake in Valero Energy Corporation (NYSE:VLO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 56,000 shares of the company’s stock, valued at approximately $3,827,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Valero Energy Corporation by 109.8% in the third quarter. Principal Financial Group Inc. now owns 1,380,445 shares of the company’s stock valued at $73,163,000 after buying an additional 722,319 shares in the last quarter. Chemical Bank boosted its position in shares of Valero Energy Corporation by 5.5% in the third quarter. Chemical Bank now owns 32,981 shares of the company’s stock worth $1,748,000 after buying an additional 1,730 shares during the period. Morgan Stanley boosted its position in shares of Valero Energy Corporation by 15.4% in the third quarter. Morgan Stanley now owns 4,719,238 shares of the company’s stock worth $250,121,000 after buying an additional 630,635 shares during the period. River Road Asset Management LLC purchased a new position in shares of Valero Energy Corporation during the third quarter worth about $16,430,000. Finally, Sentry Investment Management LLC boosted its position in shares of Valero Energy Corporation by 1.4% in the third quarter. Sentry Investment Management LLC now owns 37,618 shares of the company’s stock worth $1,994,000 after buying an additional 523 shares during the period. 78.06% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Valero Energy Corporation (NYSE:VLO)

Shares of Valero Energy Corporation (NYSE:VLO) opened at 67.62 on Wednesday. The firm has a 50-day moving average of $67.08 and a 200 day moving average of $60.53. The company has a market capitalization of $30.61 billion, a P/E ratio of 13.69 and a beta of 1.38. Valero Energy Corporation has a 1-year low of $46.88 and a 1-year high of $71.40.

Valero Energy Corporation (NYSE:VLO) last released its earnings results on Tuesday, January 31st. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.04. Valero Energy Corporation had a net margin of 3.03% and a return on equity of 8.08%. The company had revenue of $20.71 billion for the quarter, compared to analyst estimates of $17.42 billion. During the same quarter last year, the firm earned $1.79 EPS. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities research analysts expect that Valero Energy Corporation will post $5.26 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 7th. Investors of record on Wednesday, February 15th will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, February 13th. This represents a $2.80 annualized dividend and a dividend yield of 4.14%. This is a positive change from Valero Energy Corporation’s previous quarterly dividend of $0.60. Valero Energy Corporation’s dividend payout ratio (DPR) is currently 56.91%.

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A number of brokerages recently issued reports on VLO. Morgan Stanley cut shares of Valero Energy Corporation to a “hold” rating in a research note on Sunday, January 8th. Vetr cut shares of Valero Energy Corporation from a “buy” rating to a “hold” rating and set a $65.26 price objective on the stock. in a research note on Tuesday, December 6th. Zacks Investment Research raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Friday, December 9th. Citigroup Inc. cut shares of Valero Energy Corporation from a “buy” rating to a “neutral” rating and set a $69.50 price objective on the stock. in a research note on Tuesday, January 17th. Finally, TheStreet cut shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 25th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $67.74.

In related news, insider Joseph W. Gorder sold 39,057 shares of the stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $67.85, for a total transaction of $2,650,017.45. Following the transaction, the insider now owns 364,377 shares of the company’s stock, valued at approximately $24,722,979.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by company insiders.

About Valero Energy Corporation

Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland.

5 Day Chart for NYSE:VLO

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