Valero Energy Corporation (VLO) is Wilsey Asset Management Inc.’s 3rd Largest Position

Wilsey Asset Management Inc. raised its stake in Valero Energy Corporation (NYSE:VLO) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,411 shares of the oil and gas company’s stock after buying an additional 10,677 shares during the period. Valero Energy Corporation makes up approximately 9.0% of Wilsey Asset Management Inc.’s investment portfolio, making the stock its 3rd largest position. Wilsey Asset Management Inc.’s holdings in Valero Energy Corporation were worth $12,442,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VLO. Bank of The West raised its position in shares of Valero Energy Corporation by 3.7% in the first quarter. Bank of The West now owns 52,969 shares of the oil and gas company’s stock worth $3,512,000 after buying an additional 1,881 shares in the last quarter. DnB Asset Management AS raised its stake in Valero Energy Corporation by 20.7% in the first quarter. DnB Asset Management AS now owns 53,027 shares of the oil and gas company’s stock worth $3,515,000 after buying an additional 9,100 shares during the period. Lodestar Investment Counsel LLC IL raised its stake in Valero Energy Corporation by 2.4% in the first quarter. Lodestar Investment Counsel LLC IL now owns 8,515 shares of the oil and gas company’s stock worth $564,000 after buying an additional 200 shares during the period. Americafirst Capital Management LLC raised 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. Finally, Tompkins Financial Corp raised 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. 79.25% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Corporation (NYSE VLO) opened at 66.20 on Friday. Valero Energy Corporation has a 1-year low of $51.17 and a 1-year high of $71.40. The firm has a 50-day moving average price of $67.55 and a 200-day moving average price of $66.16. The firm has a market capitalization of $29.24 billion, a PE ratio of 16.34 and a beta of 1.21.

Valero Energy Corporation (NYSE:VLO) last issued its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. The company had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period last year, the business posted $1.07 EPS. Equities analysts expect that Valero Energy Corporation will post $4.00 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.80 annualized dividend and a dividend yield of 4.23%. Valero Energy Corporation’s dividend payout ratio is presently 69.14%.

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A number of analysts have issued reports on VLO shares. Jefferies Group LLC set a $65.00 target price on Valero Energy Corporation and gave the company a “hold” rating in a report on Wednesday, April 19th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $70.00 target price (up previously from $69.50) on shares of Valero Energy Corporation in a report on Saturday, April 22nd. Royal Bank Of Canada reissued a “buy” rating on shares of Valero Energy Corporation in a report on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) lowered Valero Energy Corporation from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $65.55 to $73.00 in a report on Tuesday, May 16th. Finally, US Capital Advisors reissued an “overweight” rating on shares of Valero Energy Corporation in a report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. Valero Energy Corporation presently has an average rating of “Buy” and an average price target of $71.59.

In other news, Director Susan Kaufman Purcell sold 5,151 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was 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 in the company, valued at approximately $638,132.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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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