Essex Financial Services Inc. lowered its position in Valero Energy Corp. (NYSE:VLO) by 3.1% during the second quarter, Holdings Channel reports. The firm owned 9,410 shares of the company’s stock after selling 303 shares during the period. Essex Financial Services Inc.’s holdings in Valero Energy Corp. were worth $480,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of VLO. Franklin Resources Inc. boosted its position in Valero Energy Corp. by 31.8% in the first quarter. Franklin Resources Inc. now owns 159,138 shares of the company’s stock worth $10,207,000 after buying an additional 38,375 shares during the period. Canada Pension Plan Investment Board boosted its position in Valero Energy Corp. by 47.0% in the first quarter. Canada Pension Plan Investment Board now owns 463,088 shares of the company’s stock worth $29,702,000 after buying an additional 148,100 shares during the period. 1832 Asset Management L.P. boosted its position in Valero Energy Corp. by 1,530.7% in the first quarter. 1832 Asset Management L.P. now owns 485,197 shares of the company’s stock worth $50,230,000 after buying an additional 455,444 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Valero Energy Corp. by 6.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 145,868 shares of the company’s stock worth $9,357,000 after buying an additional 8,426 shares during the period. Finally, Pegasus Partners Ltd. acquired a new position in Valero Energy Corp. during the first quarter worth approximately $579,000. 78.53% of the stock is owned by institutional investors.
Valero Energy Corp. (NYSE:VLO) traded up 0.67% on Monday, hitting $54.15. The stock had a trading volume of 5,476,245 shares. The company has a market cap of $24.98 billion, a P/E ratio of 8.70 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 has a 50 day moving average price of $54.88 and a 200 day moving average price of $54.89.
Valero Energy Corp. (NYSE:VLO) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $16.79 billion. During the same quarter in the previous year, the business earned $2.66 EPS. Valero Energy Corp.’s revenue was down 22.0% compared to the same quarter last year. On average, equities research analysts expect that Valero Energy Corp. will post $3.33 EPS for the current fiscal year.
VLO has been the subject of a number of research analyst reports. Wolfe Research cut Valero Energy Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, June 20th. Goldman Sachs Group Inc. reaffirmed a “top pick” rating on shares of Valero Energy Corp. in a report on Thursday, June 30th. Zacks Investment Research raised Valero Energy Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 5th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Valero Energy Corp. in a report on Saturday, July 9th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $62.00 target price on shares of Valero Energy Corp. in a report on Thursday, July 14th. 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. Valero Energy Corp. has an average rating of “Buy” and an average target price of $69.71.
About Valero Energy Corp.
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.
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