Affinity Investment Advisors LLC Sells 42,451 Shares of Valero Energy Corporation (NYSE:VLO)
Affinity Investment Advisors LLC reduced its stake in Valero Energy Corporation (NYSE:VLO) by 20.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,759 shares of the oil and gas company’s stock after selling 42,451 shares during the period. Affinity Investment Advisors LLC’s holdings in Valero Energy Corporation were worth $10,980,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Tompkins Financial Corp raised its position in Valero Energy Corporation by 190.3% in the first quarter. Tompkins Financial Corp now owns 1,701 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 1,115 shares in the last quarter. Independent Portfolio Consultants Inc. raised its position in Valero Energy Corporation by 62.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 619 shares in the last quarter. Guardian Life Insurance Co. of America raised its position in Valero Energy Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock valued at $116,000 after buying an additional 11 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new position in Valero Energy Corporation during the first quarter valued at $127,000. Finally, Americafirst Capital Management LLC raised its position in Valero Energy Corporation by 47.6% in the first quarter. Americafirst Capital Management LLC now owns 2,181 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 703 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.
Valero Energy Corporation (NYSE VLO) traded down 1.24% during mid-day trading on Wednesday, hitting $66.95. The company had a trading volume of 1,702,667 shares. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $71.40. The company’s 50 day moving average price is $67.37 and its 200-day moving average price is $66.14. The firm has a market capitalization of $29.94 billion, a PE ratio of 16.55 and a beta of 1.21.
Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.58%. The business had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $19.32 billion. During the same quarter last year, the firm earned $1.07 EPS. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, analysts forecast that Valero Energy Corporation will post $4.00 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 9th will be given a $0.70 dividend. The ex-dividend date is Monday, August 7th. This represents a $2.80 annualized dividend and a yield of 4.13%. Valero Energy Corporation’s payout ratio is 69.14%.
Several research firms have weighed in on VLO. BidaskClub upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Citigroup Inc. reduced their target price on Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, July 17th. Royal Bank Of Canada reiterated a “buy” rating on shares of Valero Energy Corporation in a report on Wednesday, April 26th. Morgan Stanley lowered Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $77.00 to $70.00 in a report on Tuesday, May 30th. Finally, ValuEngine upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $71.59.
In related news, Director Susan Kaufman Purcell sold 5,151 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total value of $333,166.68. Following the transaction, the director now owns 9,866 shares of the company’s stock, valued at approximately $638,132.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.45% of the stock is currently owned by company 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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