Valero Energy Corporation (VLO) Position Held by Wilbanks Smith & Thomas Asset Management LLC

Wilbanks Smith & Thomas Asset Management LLC continued to hold its position in Valero Energy Corporation (NYSE:VLO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,210 shares of the oil and gas company’s stock at the end of the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Valero Energy Corporation were worth $217,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Valero Energy Corporation by 2.8% during the second quarter. BlackRock Inc. now owns 39,298,010 shares of the oil and gas company’s stock worth $2,651,044,000 after buying an additional 1,080,617 shares in the last quarter. Vanguard Group Inc. lifted its stake in Valero Energy Corporation by 2.2% during the second quarter. Vanguard Group Inc. now owns 34,153,259 shares of the oil and gas company’s stock worth $2,303,979,000 after purchasing an additional 747,980 shares during the period. Ameriprise Financial Inc. lifted its stake in Valero Energy Corporation by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 11,825,862 shares of the oil and gas company’s stock worth $797,793,000 after purchasing an additional 65,704 shares during the period. LSV Asset Management lifted its stake in Valero Energy Corporation by 4.2% during the second quarter. LSV Asset Management now owns 9,076,859 shares of the oil and gas company’s stock worth $612,324,000 after purchasing an additional 366,009 shares during the period. Finally, American International Group Inc. lifted its stake in Valero Energy Corporation by 1.4% during the first quarter. American International Group Inc. now owns 7,539,695 shares of the oil and gas company’s stock worth $499,806,000 after purchasing an additional 102,794 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Corporation (VLO) traded up 0.1799% on Friday, reaching $78.0502. 357,159 shares of the company traded hands. The stock has a 50-day moving average of $72.74 and a 200 day moving average of $67.53. Valero Energy Corporation has a 52-week low of $53.60 and a 52-week high of $78.64. The company has a market capitalization of $34.47 billion, a PE ratio of 19.2669 and a beta of 1.22.

Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings data 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 business had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 EPS. On average, equities analysts forecast that Valero Energy Corporation will post $4.53 EPS for the current year.

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A number of brokerages have commented on VLO. US Capital Advisors cut shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research note on Thursday, August 17th. BidaskClub upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Jefferies Group LLC upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and raised their price target for the stock from $65.00 to $80.00 in a research note on Thursday, June 22nd. Citigroup Inc. cut their price target 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. Finally, Deutsche Bank AG restated a “hold” rating and set a $73.00 price target (up previously from $65.00) on shares of Valero Energy Corporation in a research note on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $74.67.

In related news, CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value of $3,863,514.56. Following the completion of the transaction, the chief financial officer now owns 67,413 shares of the company’s stock, valued at approximately $4,913,059.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stephen M. Waters sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were 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. In the last three months, insiders sold 55,168 shares of company stock valued at $4,015,279. 0.45% of the stock is owned by insiders.

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.

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

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