Valero Energy Corporation (VLO) Shares Bought by Capital Wealth Planning LLC

Capital Wealth Planning LLC raised its stake in Valero Energy Corporation (NYSE:VLO) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,045 shares of the oil and gas company’s stock after acquiring an additional 45 shares during the period. Capital Wealth Planning LLC’s holdings in Valero Energy Corporation were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Valero Energy Corporation by 2,578.1% in the first quarter. BlackRock Inc. now owns 38,217,393 shares of the oil and gas company’s stock valued at $2,533,433,000 after acquiring an additional 36,790,343 shares in the last quarter. Vanguard Group Inc. boosted its stake in Valero Energy Corporation by 2.5% in the first quarter. Vanguard Group Inc. now owns 33,405,279 shares of the oil and gas company’s stock valued at $2,214,436,000 after acquiring an additional 827,661 shares in the last quarter. LSV Asset Management boosted its stake in Valero Energy Corporation by 4.2% in the second quarter. LSV Asset Management now owns 9,076,859 shares of the oil and gas company’s stock valued at $612,324,000 after acquiring an additional 366,009 shares in the last quarter. American International Group Inc. boosted its stake in Valero Energy Corporation by 1.4% in the first quarter. American International Group Inc. now owns 7,539,695 shares of the oil and gas company’s stock valued at $499,806,000 after acquiring an additional 102,794 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in Valero Energy Corporation by 1.9% in the second quarter. APG Asset Management N.V. now owns 5,103,965 shares of the oil and gas company’s stock valued at $344,313,000 after acquiring an additional 97,550 shares in the last quarter. Institutional investors own 80.75% of the company’s stock.

Several equities analysts have issued reports on VLO shares. Credit Suisse Group restated a “hold” rating and issued a $65.00 price objective on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Morgan Stanley downgraded shares of Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $77.00 to $70.00 in a research note on Tuesday, May 30th. Royal Bank Of Canada reiterated a “buy” rating and set a $77.00 target price on shares of Valero Energy Corporation in a research note on Thursday, August 31st. BidaskClub upgraded shares of Valero Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Valero Energy Corporation from a “buy” rating to a “neutral” rating and increased their target price for the stock from $65.55 to $73.00 in a research note on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $72.56.

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Valero Energy Corporation (NYSE:VLO) traded up 0.4065% on Tuesday, reaching $70.0938. 787,582 shares of the company traded hands. The company has a market capitalization of $30.96 billion, a P/E ratio of 17.3028 and a beta of 1.19. The company has a 50-day moving average price of $67.46 and a 200-day moving average price of $66.22. Valero Energy Corporation has a 12 month low of $51.17 and a 12 month high of $71.40.

Valero Energy Corporation (NYSE:VLO) last posted its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.15. The firm had revenue of $22.25 billion during the quarter, compared to analyst estimates of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. Valero Energy Corporation’s revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 EPS. Equities research analysts expect that Valero Energy Corporation will post $4.14 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend was Monday, August 7th. Valero Energy Corporation’s payout ratio is 69.14%.

In other Valero Energy Corporation news, Director Susan Kaufman Purcell sold 5,151 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total transaction of $333,166.68. Following the sale, the director now directly owns 9,866 shares in the company, valued at approximately $638,132.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen M. Waters sold 1,500 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was 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. Insiders own 0.45% of the company’s stock.

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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