Tokio Marine Asset Management Co. Ltd. Sells 1,362 Shares of Valero Energy Corp. (VLO)
Tokio Marine Asset Management Co. Ltd. reduced its stake in Valero Energy Corp. (NYSE:VLO) by 9.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,967 shares of the company’s stock after selling 1,362 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Valero Energy Corp. were worth $661,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can bought a new position in Valero Energy Corp. during the second quarter valued at approximately $176,332,000. Old Mutual Global Investors UK Ltd. increased its position in Valero Energy Corp. by 1,858.4% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,810,144 shares of the company’s stock valued at $92,317,000 after buying an additional 1,717,712 shares during the period. AMF Pensionsforsakring AB boosted its stake in Valero Energy Corp. by 1,878.3% in the first quarter. AMF Pensionsforsakring AB now owns 1,054,455 shares of the company’s stock valued at $67,633,000 after buying an additional 1,001,155 shares in the last quarter. Prudential PLC boosted its stake in Valero Energy Corp. by 99.5% in the first quarter. Prudential PLC now owns 1,081,000 shares of the company’s stock valued at $69,335,000 after buying an additional 539,031 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in Valero Energy Corp. by 1,530.7% in the first quarter. 1832 Asset Management L.P. now owns 485,197 shares of the company’s stock valued at $50,230,000 after buying an additional 455,444 shares in the last quarter. 78.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Valero Energy Corp. (NYSE:VLO) traded down 1.15% during midday trading on Friday, hitting $54.27. The company had a trading volume of 5,564,693 shares. The company has a market capitalization of $25.04 billion, a PE ratio of 8.72 and a beta of 1.87. Valero Energy Corp. has a 12 month low of $46.88 and a 12 month high of $73.88. The company has a 50-day moving average of $55.05 and a 200-day moving average of $55.43.
Valero Energy Corp. (NYSE:VLO) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The company earned $19.58 billion during the quarter, compared to analysts’ expectations of $16.79 billion. Valero Energy Corp. had a return on equity of 14.05% and a net margin of 3.89%. Valero Energy Corp.’s quarterly revenue was down 22.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.66 EPS. Analysts predict that Valero Energy Corp. will post $3.33 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Thursday, August 11th were issued a $0.60 dividend. The ex-dividend date was Tuesday, August 9th. This represents a $2.40 dividend on an annualized basis and a yield of 4.42%. Valero Energy Corp.’s payout ratio is 38.77%.
Several analysts recently issued reports on VLO shares. Barclays PLC reiterated an “overweight” rating and set a $73.00 target price on shares of Valero Energy Corp. in a research report on Thursday, July 28th. Scotiabank reiterated a “sector outperform” rating and set a $60.00 target price (down previously from $61.00) on shares of Valero Energy Corp. in a research report on Wednesday, July 27th. Vetr cut Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $57.85 target price for the company. in a research report on Tuesday, July 26th. Goldman Sachs Group Inc. reiterated a “top pick” rating on shares of Valero Energy Corp. in a research report on Thursday, June 30th. Finally, Piper Jaffray Cos. increased their target price on Valero Energy Corp. from $48.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, August 22nd. 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’s stock. Valero Energy Corp. currently has a consensus rating of “Buy” and an average target price of $69.76.
About Valero Energy Corp.
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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