Valero Energy Corporation (VLO) Stake Cut by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD reduced its position in Valero Energy Corporation (NYSE:VLO) by 4.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 36,159 shares of the oil and gas company’s stock after selling 1,583 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Valero Energy Corporation were worth $2,439,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in VLO. Americafirst Capital Management LLC boosted its stake 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 worth $145,000 after buying an additional 703 shares during the period. Tompkins Financial Corp boosted its stake 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 worth $109,000 after buying an additional 1,115 shares during the period. Atria Investments LLC boosted its stake in Valero Energy Corporation by 45.2% in the first quarter. Atria Investments LLC now owns 51,117 shares of the oil and gas company’s stock worth $3,389,000 after buying an additional 15,923 shares during the period. BKD Wealth Advisors LLC boosted its stake in Valero Energy Corporation by 122.8% in the first quarter. BKD Wealth Advisors LLC now owns 6,518 shares of the oil and gas company’s stock worth $432,000 after buying an additional 3,593 shares during the period. Finally, Visionary Asset Management Inc. boosted its stake in Valero Energy Corporation by 3.0% in the first quarter. Visionary Asset Management Inc. now owns 49,951 shares of the oil and gas company’s stock worth $3,311,000 after buying an additional 1,444 shares during the period. Institutional investors own 79.25% of the company’s stock.

Shares of Valero Energy Corporation (NYSE VLO) opened at 66.93 on Thursday. The firm’s 50-day moving average is $67.52 and its 200 day moving average is $66.16. Valero Energy Corporation has a 52 week low of $51.17 and a 52 week high of $71.40. The firm has a market cap of $29.93 billion, a PE ratio of 16.54 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 analysts’ consensus estimates 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 business had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $19.32 billion. During the same quarter last year, the business posted $1.07 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities research analysts forecast that Valero Energy Corporation will post $4.00 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Monday, August 7th. Valero Energy Corporation’s dividend payout ratio is currently 69.14%.

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A number of analysts recently commented on the stock. BidaskClub cut shares of Valero Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Scotiabank set a $70.00 price objective on shares of Valero Energy Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. Citigroup Inc. decreased their price objective on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, July 17th. Standpoint Research assumed coverage on shares of Valero Energy Corporation in a research note on Friday, June 30th. They set an “accumulate” rating and a $84.00 price objective for the company. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Valero Energy Corporation in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $71.59.

In related news, Director Susan Kaufman Purcell sold 5,151 shares of Valero Energy Corporation stock in a transaction dated 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 sale, the director now owns 9,866 shares in the company, valued at approximately $638,132.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.45% of the company’s stock.

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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Institutional Ownership by Quarter for Valero Energy Corporation (NYSE:VLO)

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