Valero Energy Corporation (NYSE:VLO) Position Lowered by Adams Asset Advisors LLC
Adams Asset Advisors LLC decreased its stake in shares of Valero Energy Corporation (NYSE:VLO) by 2.4% during the second quarter, Holdings Channel reports. The fund owned 141,324 shares of the oil and gas company’s stock after selling 3,504 shares during the period. Valero Energy Corporation comprises approximately 1.4% of Adams Asset Advisors LLC’s portfolio, making the stock its 5th largest position. Adams Asset Advisors LLC’s holdings in Valero Energy Corporation were worth $9,534,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its stake in Valero Energy Corporation by 9.2% in the second quarter. Meeder Asset Management Inc. now owns 82,525 shares of the oil and gas company’s stock valued at $5,567,000 after buying an additional 6,978 shares during the last quarter. Weaver C. Barksdale & Associates Inc. raised its stake in Valero Energy Corporation by 2.8% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 22,604 shares of the oil and gas company’s stock valued at $1,525,000 after buying an additional 616 shares during the last quarter. National Pension Service raised its stake in Valero Energy Corporation by 10.4% in the second quarter. National Pension Service now owns 414,133 shares of the oil and gas company’s stock valued at $27,784,000 after buying an additional 39,066 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Valero Energy Corporation by 16.3% in the second quarter. State of Alaska Department of Revenue now owns 42,995 shares of the oil and gas company’s stock valued at $2,900,000 after buying an additional 6,030 shares during the last quarter. Finally, Peak Capital Management LLC acquired a new stake in Valero Energy Corporation during the second quarter valued at approximately $1,364,000. 79.25% of the stock is owned by hedge funds and other institutional investors.
Valero Energy Corporation (NYSE VLO) traded up 0.22% on Monday, reaching $67.98. The company’s stock had a trading volume of 745,994 shares. The company has a market capitalization of $30.40 billion, a price-to-earnings ratio of 16.80 and a beta of 1.21. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $71.40. The firm has a 50-day moving average of $67.10 and a 200 day moving average of $66.09.
Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.15. The business had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $19.32 billion. Valero Energy Corporation had a return on equity of 8.58% and a net margin of 2.17%. The business’s revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 earnings per share. On average, equities research analysts anticipate that Valero Energy Corporation will post $4.00 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Monday, August 7th. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 69.14%.
Several equities research analysts have recently commented on the stock. BidaskClub lowered shares of Valero Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Scotiabank set a $70.00 price target on shares of Valero Energy Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. Citigroup Inc. reduced their price target on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, July 17th. Standpoint Research assumed coverage on shares of Valero Energy Corporation in a research report on Friday, June 30th. They set an “accumulate” rating and a $84.00 price target for the company. Finally, Jefferies Group LLC raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and upped their price target for the company from $65.00 to $80.00 in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. Valero Energy Corporation currently has a consensus rating of “Buy” and a consensus target price of $71.59.
In other news, Director Susan Kaufman Purcell sold 5,151 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total value of $333,166.68. Following the completion of the sale, the director now directly 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 can be accessed through this link. 0.45% of the stock is owned by insiders.
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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