Valero Energy Corp. (VLO) Stake Increased by Community Bank & Trust Waco Texas
Community Bank & Trust Waco Texas raised its stake in Valero Energy Corp. (NYSE:VLO) by 0.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 32,502 shares of the company’s stock after buying an additional 300 shares during the period. Community Bank & Trust Waco Texas’ holdings in Valero Energy Corp. were worth $1,658,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position in Valero Energy Corp. by 1.1% in the first quarter. State Street Corp now owns 25,431,263 shares of the company’s stock valued at $1,631,162,000 after buying an additional 272,218 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Valero Energy Corp. by 8.2% in the first quarter. JPMorgan Chase & Co. now owns 10,722,227 shares of the company’s stock valued at $687,723,000 after buying an additional 813,060 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Valero Energy Corp. by 9.3% in the first quarter. BlackRock Fund Advisors now owns 7,180,317 shares of the company’s stock valued at $460,546,000 after buying an additional 612,444 shares in the last quarter. BlackRock Group LTD raised its position in shares of Valero Energy Corp. by 6.0% in the first quarter. BlackRock Group LTD now owns 5,609,765 shares of the company’s stock valued at $359,810,000 after buying an additional 315,847 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of Valero Energy Corp. during the second quarter valued at about $176,332,000. 78.49% of the stock is owned by institutional investors and hedge funds.
Valero Energy Corp. (NYSE:VLO) traded up 2.49% on Friday, hitting $53.00. The stock had a trading volume of 8,312,324 shares. Valero Energy Corp. has a 1-year low of $46.88 and a 1-year high of $73.88. The company’s 50 day moving average is $55.17 and its 200-day moving average is $55.91. The firm has a market capitalization of $24.45 billion, a price-to-earnings ratio of 8.52 and a beta of 1.97.
Valero Energy Corp. (NYSE:VLO) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.04. The business had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $16.79 billion. Valero Energy Corp. had a net margin of 3.89% and a return on equity of 14.05%. The firm’s quarterly revenue was down 22.0% compared to the same quarter last year. During the same period last year, the firm posted $2.66 earnings per share. On average, analysts forecast that Valero Energy Corp. will post $3.33 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Thursday, August 11th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $2.40 dividend on an annualized basis and a yield of 4.53%. Valero Energy Corp.’s dividend payout ratio (DPR) is 38.77%.
Several equities analysts recently issued reports on the company. Wells Fargo & Co. restated a “buy” rating on shares of Valero Energy Corp. in a research note on Saturday, July 9th. Vetr lowered Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $60.89 price target on the stock. in a research note on Wednesday, August 3rd. Howard Weil lowered their price target on Valero Energy Corp. from $61.00 to $60.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, July 27th. JPMorgan Chase & Co. restated a “buy” rating on shares of Valero Energy Corp. in a research note on Sunday, June 12th. Finally, Jefferies Group assumed coverage on Valero Energy Corp. in a research note on Tuesday, August 23rd. They set a “buy” rating and a $66.00 price target on the stock. Nine research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Valero Energy Corp. presently has a consensus rating of “Buy” and an average target price of $69.76.
Valero Energy Corp. 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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