Aberdeen Asset Management PLC UK Boosts Stake in Valero Energy Corporation (VLO)

Aberdeen Asset Management PLC UK boosted its stake in Valero Energy Corporation (NYSE:VLO) by 17.2% during the first quarter, Holdings Channel reports. The firm owned 910,201 shares of the oil and gas company’s stock after buying an additional 133,807 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Valero Energy Corporation were worth $60,337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Peapack Gladstone Financial Corp increased its position in shares of Valero Energy Corporation by 41.9% in the first quarter. Peapack Gladstone Financial Corp now owns 4,829 shares of the oil and gas company’s stock valued at $320,000 after buying an additional 1,425 shares during the period. Private Advisor Group LLC increased its position in Valero Energy Corporation by 9.6% in the first quarter. Private Advisor Group LLC now owns 27,626 shares of the oil and gas company’s stock valued at $1,799,000 after buying an additional 2,409 shares during the last quarter. Highstreet Asset Management Inc. increased its position in Valero Energy Corporation by 22.1% in the first quarter. Highstreet Asset Management Inc. now owns 10,889 shares of the oil and gas company’s stock valued at $722,000 after buying an additional 1,973 shares during the last quarter. Covenant Multifamily Offices LLC increased its position in Valero Energy Corporation by 62.2% in the first quarter. Covenant Multifamily Offices LLC now owns 47,904 shares of the oil and gas company’s stock valued at $3,176,000 after buying an additional 18,374 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in Valero Energy Corporation by 24.5% in the first quarter. Pacer Advisors Inc. now owns 23,716 shares of the oil and gas company’s stock valued at $1,572,000 after buying an additional 4,671 shares during the last quarter. Hedge funds and other institutional investors own 80.61% of the company’s stock.

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

Valero Energy Corporation (NYSE VLO) opened at 65.65 on Wednesday. The firm has a market capitalization of $29.36 billion, a price-to-earnings ratio of 14.36 and a beta of 1.28. The firm has a 50-day moving average of $64.38 and a 200-day moving average of $66.10. Valero Energy Corporation has a 52-week low of $46.88 and a 52-week high of $71.40.

Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings results on Tuesday, April 25th. The oil and gas company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.08. Valero Energy Corporation had a net margin of 2.57% and a return on equity of 8.31%. The business had revenue of $21.77 billion for the quarter, compared to analyst estimates of $19.15 billion. During the same period last year, the firm earned $0.60 earnings per share. Valero Energy Corporation’s revenue for the quarter was up 38.6% compared to the same quarter last year. On average, equities research analysts forecast that Valero Energy Corporation will post $4.64 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 7th. Investors of record on Wednesday, May 17th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend was Monday, May 15th. Valero Energy Corporation’s dividend payout ratio is 61.54%.

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Several research firms have recently issued reports on VLO. BidaskClub upgraded shares of Valero Energy Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. ValuEngine upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Morgan Stanley downgraded shares of Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $77.00 to $70.00 in a report on Tuesday, May 30th. Piper Jaffray Companies restated a “neutral” rating on shares of Valero Energy Corporation in a report on Thursday, May 25th. Finally, US Capital Advisors restated an “overweight” rating on shares of Valero Energy Corporation in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $70.02.

Valero Energy Corporation Company Profile

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.

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