Victory Capital Management Inc. boosted its position in Valero Energy Corporation (NYSE:VLO) by 18.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 125,425 shares of the oil and gas company’s stock after buying an additional 19,323 shares during the period. Victory Capital Management Inc.’s holdings in Valero Energy Corporation were worth $8,314,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of VLO. LSV Asset Management boosted its position in shares of Valero Energy Corporation by 6.3% in the first quarter. LSV Asset Management now owns 8,710,850 shares of the oil and gas company’s stock worth $577,442,000 after buying an additional 514,850 shares in the last quarter. Norges Bank purchased a new position in shares of Valero Energy Corporation during the fourth quarter worth about $370,542,000. APG Asset Management N.V. boosted its position in shares of Valero Energy Corporation by 4.5% in the first quarter. APG Asset Management N.V. now owns 5,006,415 shares of the oil and gas company’s stock worth $331,875,000 after buying an additional 216,881 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Valero Energy Corporation by 0.9% in the fourth quarter. AQR Capital Management LLC now owns 4,542,191 shares of the oil and gas company’s stock worth $310,323,000 after buying an additional 38,991 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Valero Energy Corporation by 18.9% in the first quarter. Prudential Financial Inc. now owns 2,938,747 shares of the oil and gas company’s stock worth $194,810,000 after buying an additional 468,000 shares in the last quarter. Institutional investors own 80.61% of the company’s stock.
Shares of Valero Energy Corporation (NYSE VLO) opened at 65.98 on Monday. The company has a market capitalization of $29.51 billion, a PE ratio of 14.43 and a beta of 1.28. The stock’s 50 day moving average price is $64.38 and its 200-day moving average price is $66.10. 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 posted its earnings results on Tuesday, April 25th. The oil and gas company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. Valero Energy Corporation had a return on equity of 8.31% and a net margin of 2.57%. The company had revenue of $21.77 billion for the quarter, compared to the consensus estimate of $19.15 billion. During the same quarter in the prior year, the company earned $0.60 earnings per share. Valero Energy Corporation’s revenue was up 38.6% on a year-over-year basis. On average, equities analysts predict that Valero Energy Corporation will post $4.63 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 7th. Shareholders of record on Wednesday, May 17th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date was Monday, May 15th. Valero Energy Corporation’s payout ratio is 61.54%.
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A number of equities analysts recently issued reports on VLO shares. Credit Suisse Group reiterated a “hold” rating and issued a $67.00 target price on shares of Valero Energy Corporation in a report on Friday, March 24th. US Capital Advisors reiterated an “overweight” rating on shares of Valero Energy Corporation in a report on Monday, May 22nd. Jefferies Group LLC set a $65.00 target price on Valero Energy Corporation and gave the stock a “hold” rating in a report on Wednesday, April 19th. Piper Jaffray Companies reiterated a “neutral” rating on shares of Valero Energy Corporation in a report on Thursday, May 25th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $70.00 target price (up from $69.50) on shares of Valero Energy Corporation in a report on Saturday, April 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $70.89.
In related news, Director Susan Kaufman Purcell sold 5,151 shares of the stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total transaction of $333,166.68. Following the completion of the sale, the director now owns 9,866 shares in the company, valued at $638,132.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.45% of the company’s stock.
About Valero Energy Corporation
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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