BB&T Investment Services Inc. bought a new stake in shares of Valero Energy Corporation (NYSE:VLO) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,646 shares of the oil and gas company’s stock, valued at approximately $651,000.
A number of other institutional investors have also added to or reduced their stakes in VLO. Waldron LP lifted its position in Valero Energy Corporation by 45.7% during the 1st quarter. Waldron LP now owns 8,455 shares of the oil and gas company’s stock valued at $560,000 after purchasing an additional 2,650 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in Valero Energy Corporation by 7.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,062,155 shares of the oil and gas company’s stock valued at $70,410,000 after purchasing an additional 71,399 shares during the period. Trexquant Investment LP lifted its position in Valero Energy Corporation by 14.3% during the 1st quarter. Trexquant Investment LP now owns 8,000 shares of the oil and gas company’s stock valued at $530,000 after purchasing an additional 1,000 shares during the period. Airain ltd acquired a new position in Valero Energy Corporation during the 1st quarter valued at about $2,687,000. Finally, Family Legacy Inc. acquired a new position in Valero Energy Corporation during the 1st quarter valued at about $253,000. Institutional investors own 80.69% of the company’s stock.
Valero Energy Corporation (NYSE VLO) traded up 0.37% during trading on Wednesday, hitting $77.66. 791,922 shares of the company traded hands. The firm has a market capitalization of $34.30 billion, a P/E ratio of 19.13 and a beta of 1.22. The stock has a 50-day moving average price of $72.04 and a 200-day moving average price of $67.38. Valero Energy Corporation has a 12-month low of $52.64 and a 12-month high of $78.64.
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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The business had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. Valero Energy Corporation’s revenue was up 13.6% compared to the same quarter last year. Equities analysts expect that Valero Energy Corporation will post $4.48 EPS for the current fiscal year.
A number of brokerages recently weighed in on VLO. Royal Bank Of Canada reiterated a “buy” rating and issued a $77.00 price target on shares of Valero Energy Corporation in a research report on Thursday, August 31st. Credit Suisse Group reissued a “hold” rating and set a $65.00 target price on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. BidaskClub cut Valero Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Scotiabank set a $70.00 target price on Valero Energy Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC raised Valero Energy Corporation from a “hold” rating to a “buy” rating and increased their target price for the stock from $65.00 to $80.00 in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $74.67.
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In related news, Director Stephen M. Waters sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total transaction of $102,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael S. Ciskowski sold 53,012 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total value of $3,863,514.56. Following the sale, the chief financial officer now owns 67,413 shares of the company’s stock, valued at approximately $4,913,059.44. The disclosure for this sale can be found here. Insiders have sold 55,168 shares of company stock valued at $4,015,279 in the last quarter. 0.45% of the stock is currently owned by corporate insiders.
Valero Energy Corporation 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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