Valero Energy Corporation (VLO) Position Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in Valero Energy Corporation (NYSE:VLO) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,273,542 shares of the oil and gas company’s stock after buying an additional 469,406 shares during the period. Bank of New York Mellon Corp owned approximately 2.55% of Valero Energy Corporation worth $867,273,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VLO. BlackRock Inc. lifted its holdings 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 buying an additional 36,790,343 shares during the period. FMR LLC lifted its holdings in Valero Energy Corporation by 146.1% in the second quarter. FMR LLC now owns 2,224,590 shares of the oil and gas company’s stock valued at $150,071,000 after buying an additional 1,320,524 shares during the period. Harbour Capital Advisors LLC lifted its holdings in Valero Energy Corporation by 6,236.6% in the second quarter. Harbour Capital Advisors LLC now owns 1,226,760 shares of the oil and gas company’s stock valued at $18,185,000 after buying an additional 1,207,400 shares during the period. Janus Henderson Group PLC lifted its holdings in Valero Energy Corporation by 1,780.4% in the second quarter. Janus Henderson Group PLC now owns 1,127,141 shares of the oil and gas company’s stock valued at $76,039,000 after buying an additional 1,067,201 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in Valero Energy Corporation by 88.7% in the second quarter. Parametric Portfolio Associates LLC now owns 2,138,646 shares of the oil and gas company’s stock valued at $144,273,000 after buying an additional 1,005,206 shares during the period. Institutional investors and hedge funds own 80.81% of the company’s stock.

In other Valero Energy Corporation news, Director Stephen M. Waters sold 656 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $75.86, for a total value of $49,764.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael S. Ciskowski sold 53,012 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the completion of the sale, the chief financial officer now directly owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The disclosure for this sale can be found here. Insiders sold a total of 56,768 shares of company stock valued at $4,141,471 over the last ninety days. 0.45% of the stock is currently owned by insiders.

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Several equities analysts recently issued reports on VLO shares. Zacks Investment Research lowered shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $77.00 price target on shares of Valero Energy Corporation in a research note on Thursday, August 31st. BidaskClub downgraded shares of Valero Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Citigroup Inc. lifted their price target on shares of Valero Energy Corporation from $68.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Macquarie reaffirmed a “neutral” rating on shares of Valero Energy Corporation in a research note on Monday, October 23rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $77.96.

Shares of Valero Energy Corporation (VLO) traded down $0.70 during mid-day trading on Tuesday, reaching $80.67. 2,568,500 shares of the company’s stock were exchanged, compared to its average volume of 4,090,916. Valero Energy Corporation has a twelve month low of $60.35 and a twelve month high of $82.19. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39. The company has a market cap of $35,605.96, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17.

Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.08. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.87%. The business had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $19.42 billion. During the same period in the prior year, the firm posted $1.24 EPS. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. research analysts predict that Valero Energy Corporation will post 4.83 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Monday, November 20th. Valero Energy Corporation’s payout ratio is 60.48%.

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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