Valero Energy Corporation (NYSE:VLO) Shares Bought by Mn Services Vermogensbeheer B.V.
Mn Services Vermogensbeheer B.V. increased its stake in shares of Valero Energy Corporation (NYSE:VLO) by 514.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,170 shares of the oil and gas company’s stock after buying an additional 62,098 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Valero Energy Corporation were worth $5,004,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in VLO. BlackRock Inc. raised its stake in Valero Energy Corporation by 2,578.1% in the first quarter. BlackRock Inc. now owns 38,217,393 shares of the oil and gas company’s stock valued at $2,533,433,000 after buying an additional 36,790,343 shares in the last quarter. Vanguard Group Inc. raised its stake in Valero Energy Corporation by 2.5% in the first quarter. Vanguard Group Inc. now owns 33,405,279 shares of the oil and gas company’s stock valued at $2,214,436,000 after buying an additional 827,661 shares in the last quarter. Stifel Financial Corp raised its stake in Valero Energy Corporation by 133.7% in the first quarter. Stifel Financial Corp now owns 1,340,904 shares of the oil and gas company’s stock valued at $88,895,000 after buying an additional 767,150 shares in the last quarter. LSV Asset Management raised its stake in 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 valued at $577,442,000 after buying an additional 514,850 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in Valero Energy Corporation by 34.0% in the first quarter. TIAA CREF Investment Management LLC now owns 1,914,732 shares of the oil and gas company’s stock valued at $126,928,000 after buying an additional 485,868 shares in the last quarter. Institutional investors own 79.25% of the company’s stock.
Valero Energy Corporation (VLO) traded down 0.453% during mid-day trading on Tuesday, hitting $67.692. 709,626 shares of the stock traded hands. The firm has a market cap of $30.27 billion, a P/E ratio of 16.731 and a beta of 1.21. Valero Energy Corporation has a 52-week low of $51.17 and a 52-week high of $71.40. The firm’s 50-day moving average is $67.10 and its 200 day moving average is $66.09.
Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.58% and a net margin of 2.17%. The firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. During the same period last year, the company earned $1.07 earnings per share. The company’s revenue was up 13.6% on a year-over-year basis. Equities analysts predict that Valero Energy Corporation will post $4.00 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.80 annualized dividend and a dividend yield of 4.12%. Valero Energy Corporation’s payout ratio is presently 69.14%.
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VLO has been the subject of several research analyst reports. Credit Suisse Group reiterated a “hold” rating and issued a $65.00 price objective on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Citigroup Inc. reiterated a “neutral” rating and issued a $70.00 price objective (up previously from $69.50) on shares of Valero Energy Corporation in a research note on Saturday, April 22nd. Morgan Stanley lowered shares of Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $77.00 to $70.00 in a research note on Tuesday, May 30th. BidaskClub upgraded shares of Valero Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, Jefferies Group LLC set a $65.00 price objective on shares of Valero Energy Corporation and gave the company a “hold” rating in a research note on Wednesday, April 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $71.59.
In other news, Director Susan Kaufman Purcell sold 5,151 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 9,866 shares in the company, valued at $638,132.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.45% of the stock is owned by company insiders.
Valero Energy Corporation Company Profile
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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