Valero Energy Corporation (VLO) Position Held by Rockefeller Financial Services Inc.
Rockefeller Financial Services Inc. held its stake in shares of Valero Energy Corporation (NYSE:VLO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,261 shares of the company’s stock at the end of the third quarter. Rockefeller Financial Services Inc.’s holdings in Valero Energy Corporation were worth $385,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in VLO. Cullen Frost Bankers Inc. boosted its stake in shares of Valero Energy Corporation by 8.1% in the second quarter. Cullen Frost Bankers Inc. now owns 345,392 shares of the company’s stock valued at $17,615,000 after buying an additional 25,916 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Valero Energy Corporation by 1.3% in the second quarter. Retirement Systems of Alabama now owns 239,510 shares of the company’s stock valued at $12,215,000 after buying an additional 3,028 shares in the last quarter. Douglas Lane & Associates LLC boosted its stake in shares of Valero Energy Corporation by 4.5% in the second quarter. Douglas Lane & Associates LLC now owns 593,791 shares of the company’s stock valued at $30,283,000 after buying an additional 25,327 shares in the last quarter. River Road Asset Management LLC purchased a new stake in shares of Valero Energy Corporation during the third quarter valued at $16,430,000. Finally, Bank of Montreal Can purchased a new stake in shares of Valero Energy Corporation during the second quarter valued at $176,332,000. 77.11% of the stock is owned by hedge funds and other institutional investors.
Shares of Valero Energy Corporation (NYSE:VLO) traded down 0.20% during midday trading on Friday, reaching $66.39. The company’s stock had a trading volume of 3,366,737 shares. The stock has a market cap of $30.05 billion, a PE ratio of 14.08 and a beta of 1.43. Valero Energy Corporation has a one year low of $46.88 and a one year high of $71.40. The firm has a 50-day moving average of $66.66 and a 200-day moving average of $57.92.
Valero Energy Corporation (NYSE:VLO) last issued its earnings results on Tuesday, October 25th. The company reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.31. The business earned $19.65 billion during the quarter, compared to the consensus estimate of $19.49 billion. Valero Energy Corporation had a return on equity of 10.40% and a net margin of 3.01%. The firm’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.79 earnings per share. On average, analysts forecast that Valero Energy Corporation will post $3.66 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Tuesday, November 22nd were issued a $0.60 dividend. The ex-dividend date was Friday, November 18th. This represents a $2.40 dividend on an annualized basis and a yield of 3.62%. Valero Energy Corporation’s payout ratio is currently 50.74%.
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A number of analysts have recently commented on the company. Zacks Investment Research raised Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Friday, December 9th. Citigroup Inc. upped their price target on Valero Energy Corporation from $58.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, October 19th. Barclays PLC reaffirmed a “buy” rating and issued a $95.00 price target on shares of Valero Energy Corporation in a research note on Wednesday. Howard Weil upped their price target on Valero Energy Corporation from $58.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Wednesday, October 26th. Finally, Vetr raised Valero Energy Corporation from a “sell” rating to a “hold” rating and set a $71.36 price target for the company in a research note on Tuesday, December 27th. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Valero Energy Corporation presently has a consensus rating of “Buy” and an average target price of $70.08.
About Valero Energy Corporation
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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