Systematic Financial Management LP Has $2.37 Million Position in Valero Energy Corporation (VLO)
Systematic Financial Management LP cut its stake in shares of Valero Energy Corporation (NYSE:VLO) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,134 shares of the oil and gas company’s stock after selling 2,125 shares during the period. Systematic Financial Management LP’s holdings in Valero Energy Corporation were worth $2,370,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in VLO. BlackRock Inc. grew its stake in shares of Valero Energy Corporation by 2,578.1% during the first quarter. BlackRock Inc. now owns 38,217,393 shares of the oil and gas company’s stock worth $2,533,433,000 after purchasing an additional 36,790,343 shares during the period. Harbour Capital Advisors LLC grew its stake in shares of Valero Energy Corporation by 6,236.6% during the second quarter. Harbour Capital Advisors LLC now owns 1,226,760 shares of the oil and gas company’s stock worth $18,185,000 after purchasing an additional 1,207,400 shares during the period. Vanguard Group Inc. grew its stake in shares of Valero Energy Corporation by 2.5% during the first quarter. Vanguard Group Inc. now owns 33,405,279 shares of the oil and gas company’s stock worth $2,214,436,000 after purchasing an additional 827,661 shares during the period. Stifel Financial Corp grew its stake in shares of Valero Energy Corporation by 133.7% during the first quarter. Stifel Financial Corp now owns 1,340,904 shares of the oil and gas company’s stock worth $88,895,000 after purchasing an additional 767,150 shares during the period. Finally, LSV Asset Management grew its stake in shares of Valero Energy Corporation by 6.3% during the first quarter. LSV Asset Management now owns 8,710,850 shares of the oil and gas company’s stock worth $577,442,000 after purchasing an additional 514,850 shares during the period. 80.75% of the stock is owned by institutional investors and hedge funds.
Shares of Valero Energy Corporation (NYSE:VLO) opened at 71.00 on Thursday. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $71.40. The company has a market capitalization of $31.36 billion, a P/E ratio of 17.53 and a beta of 1.19. The stock’s 50 day moving average is $67.60 and its 200-day moving average is $66.27.
Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.15. The firm had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.07 earnings per share. Analysts anticipate that Valero Energy Corporation will post $4.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.94%. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 69.14%.
In other news, Director Susan Kaufman Purcell sold 5,151 shares of the stock in a transaction on Wednesday, June 21st. The shares were 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 of the company’s stock, valued at $638,132.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen M. Waters sold 1,500 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total transaction of $102,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.
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A number of equities research analysts recently commented on VLO shares. Credit Suisse Group reaffirmed a “hold” rating and set a $65.00 price objective on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price objective on shares of Valero Energy Corporation in a research note on Thursday, August 31st. Morgan Stanley cut Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $77.00 to $70.00 in a research note on Tuesday, May 30th. BidaskClub cut Valero Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Scotiabank set a $70.00 price objective on Valero Energy Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $72.56.
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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