Gotham Asset Management LLC cut its stake in shares of Valero Energy Corporation (NYSE:VLO) by 73.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 85,250 shares of the oil and gas company’s stock after selling 233,411 shares during the quarter. Gotham Asset Management LLC’s holdings in Valero Energy Corporation were worth $5,751,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of VLO. Waldron LP grew its stake in shares of 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 worth $560,000 after purchasing an additional 2,650 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of 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 worth $70,410,000 after purchasing an additional 71,399 shares during the period. Trexquant Investment LP grew its stake in shares of 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 worth $530,000 after purchasing an additional 1,000 shares during the period. Airain ltd acquired a new position in shares of Valero Energy Corporation during the 1st quarter worth $2,687,000. Finally, Family Legacy Inc. acquired a new position in shares of Valero Energy Corporation during the 1st quarter worth $253,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of Valero Energy Corporation (NYSE VLO) opened at 77.37 on Wednesday. The stock has a market capitalization of $34.17 billion, a price-to-earnings ratio of 19.10 and a beta of 1.22. Valero Energy Corporation has a 52-week low of $52.64 and a 52-week high of $78.64. The company has a 50 day moving average of $72.04 and a 200 day moving average of $67.38.
Valero Energy Corporation (NYSE:VLO) last released its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.15. The firm had revenue of $22.25 billion for the quarter, compared to analyst estimates of $19.32 billion. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. Valero Energy Corporation’s revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.07 earnings per share. Analysts predict that Valero Energy Corporation will post $4.48 EPS for the current fiscal year.
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A number of equities analysts have recently weighed in on VLO shares. BidaskClub raised shares of Valero Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Credit Suisse Group reaffirmed a “hold” rating and set a $65.00 price target on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Jefferies Group LLC raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and upped their price target for the stock from $65.00 to $80.00 in a research note on Thursday, June 22nd. Scotiabank set a $70.00 price target on shares of Valero Energy Corporation and gave the stock a “buy” rating in a research note on Monday, June 26th. Finally, Standpoint Research initiated 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 target on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $74.67.
In related news, Director Stephen M. Waters sold 656 shares of Valero Energy Corporation stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $75.86, for a total transaction of $49,764.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael S. Ciskowski sold 53,012 shares of Valero Energy Corporation stock in a transaction dated 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 transaction, the chief financial officer now directly owns 67,413 shares in the company, valued at $4,913,059.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,168 shares of company stock worth $4,015,279. 0.45% of the stock is owned by corporate insiders.
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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