Itau Unibanco Holding S.A. acquired a new stake in Valero Energy Corporation (NYSE:VLO) during the third quarter, according to its most recent filing with the SEC. The firm acquired 2,350 shares of the company’s stock, valued at approximately $125,000.
Other large investors have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC acquired a new stake in Valero Energy Corporation during the third quarter valued at $132,000. Oakworth Capital Inc. raised its stake in Valero Energy Corporation by 3.3% in the third quarter. Oakworth Capital Inc. now owns 2,684 shares of the company’s stock valued at $142,000 after buying an additional 85 shares during the period. SRB Corp raised its stake in Valero Energy Corporation by 10.9% in the third quarter. SRB Corp now owns 2,847 shares of the company’s stock valued at $151,000 after buying an additional 280 shares during the period. Smithfield Trust Co. raised its stake in Valero Energy Corporation by 4.5% in the second quarter. Smithfield Trust Co. now owns 3,199 shares of the company’s stock valued at $163,000 after buying an additional 137 shares during the period. Finally, Crow Point Partners LLC acquired a new stake in Valero Energy Corporation during the third quarter valued at $168,000. Hedge funds and other institutional investors own 78.06% of the company’s stock.
Shares of Valero Energy Corporation (NYSE:VLO) opened at 67.04 on Tuesday. The firm has a 50-day moving average of $67.06 and a 200-day moving average of $60.42. Valero Energy Corporation has a 52-week low of $46.88 and a 52-week high of $71.40. The stock has a market cap of $30.35 billion, a P/E ratio of 13.57 and a beta of 1.38.
Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings data on Tuesday, January 31st. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.04. The company earned $20.71 billion during the quarter, compared to analyst estimates of $17.42 billion. Valero Energy Corporation had a net margin of 3.03% and a return on equity of 8.08%. Valero Energy Corporation’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.79 EPS. On average, equities analysts expect that Valero Energy Corporation will post $5.30 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 7th. Stockholders of record on Wednesday, February 15th will be paid a $0.70 dividend. The ex-dividend date is Monday, February 13th. This represents a $2.80 annualized dividend and a dividend yield of 4.18%. This is a positive change from Valero Energy Corporation’s previous quarterly dividend of $0.60. Valero Energy Corporation’s payout ratio is currently 48.78%.
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VLO has been the topic of several research reports. TheStreet upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Monday, November 14th. Vetr upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $65.26 price objective on the stock in a research note on Wednesday, November 30th. Zacks Investment Research upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Tuesday, November 29th. Tudor Pickering upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, November 16th. Finally, Citigroup Inc. raised their price target on shares of Valero Energy Corporation from $58.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, October 19th. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Valero Energy Corporation presently has a consensus rating of “Buy” and an average target price of $67.74.
In other news, insider Joseph W. Gorder sold 39,057 shares of Valero Energy Corporation stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $67.85, for a total value of $2,650,017.45. Following the completion of the sale, the insider now owns 364,377 shares in the company, valued at approximately $24,722,979.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.
Valero Energy Corporation Company Profile
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.
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