First Citizens Bank & Trust Co. decreased its position in Valero Energy Corp. (NYSE:VLO) by 10.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,967 shares of the company’s stock after selling 16,267 shares during the period. First Citizens Bank & Trust Co.’s holdings in Valero Energy Corp. were worth $7,444,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in VLO. Advisor Partners LLC raised its position in shares of Valero Energy Corp. by 0.4% in the first quarter. Advisor Partners LLC now owns 8,197 shares of the company’s stock worth $526,000 after buying an additional 36 shares during the period. Security National Trust Co. raised its stake in shares of Valero Energy Corp. by 4.8% in the second quarter. Security National Trust Co. now owns 2,347 shares of the company’s stock valued at $119,000 after buying an additional 107 shares during the period. Perkins Coie Trust Co raised its stake in shares of Valero Energy Corp. by 1.1% in the second quarter. Perkins Coie Trust Co now owns 10,487 shares of the company’s stock valued at $535,000 after buying an additional 119 shares during the period. Rehmann Capital Advisory Group raised its stake in shares of Valero Energy Corp. by 2.1% in the second quarter. Rehmann Capital Advisory Group now owns 7,030 shares of the company’s stock valued at $359,000 after buying an additional 147 shares during the period. Finally, Charter Trust Co. raised its stake in shares of Valero Energy Corp. by 1.2% in the second quarter. Charter Trust Co. now owns 23,048 shares of the company’s stock valued at $1,175,000 after buying an additional 266 shares during the period. 78.49% of the stock is currently owned by institutional investors and hedge funds.
Shares of Valero Energy Corp. (NYSE:VLO) traded down 1.15% during mid-day trading on Friday, hitting $54.27. The stock had a trading volume of 4,534,419 shares. The firm has a market capitalization of $25.04 billion, a PE ratio of 8.72 and a beta of 1.87. Valero Energy Corp. has a 1-year low of $46.88 and a 1-year high of $73.88. The stock’s 50-day moving average is $55.07 and its 200-day moving average is $55.52.
Valero Energy Corp. (NYSE:VLO) last released its earnings results on Tuesday, July 26th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.04. Valero Energy Corp. had a return on equity of 14.05% and a net margin of 3.89%. The firm had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $16.79 billion. During the same quarter in the previous year, the business posted $2.66 earnings per share. The business’s revenue for the quarter was down 22.0% on a year-over-year basis. Equities analysts expect that Valero Energy Corp. will post $3.33 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Thursday, August 11th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend was Tuesday, August 9th. Valero Energy Corp.’s dividend payout ratio is presently 38.77%.
Several equities research analysts have issued reports on the stock. Vetr lowered shares of Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $57.85 price target on the stock. in a report on Tuesday, July 26th. Zacks Investment Research raised shares of Valero Energy Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, September 6th. Goldman Sachs Group Inc. reissued a “top pick” rating on shares of Valero Energy Corp. in a report on Thursday, June 30th. Wells Fargo & Co. reissued a “buy” rating on shares of Valero Energy Corp. in a report on Saturday, July 9th. Finally, Wolfe Research lowered shares of Valero Energy Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, June 20th. Nine investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $69.76.
Valero Energy Corp. Company Profile
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.
Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Corp. (NYSE:VLO).
Receive News & Ratings for Valero Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy Corp. and related companies with MarketBeat.com's FREE daily email newsletter.