Achmea Investment Management B.V. trimmed its position in Valero Energy Corporation (NYSE:VLO) by 20.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,744 shares of the oil and gas company’s stock after selling 30,646 shares during the quarter. Achmea Investment Management B.V.’s holdings in Valero Energy Corporation were worth $7,871,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Valero Energy Corporation by 2.8% in the 2nd quarter. BlackRock Inc. now owns 39,298,010 shares of the oil and gas company’s stock valued at $2,651,044,000 after buying an additional 1,080,617 shares during the period. Vanguard Group Inc. increased its holdings in Valero Energy Corporation by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 34,153,259 shares of the oil and gas company’s stock valued at $2,303,979,000 after buying an additional 747,980 shares during the period. Ameriprise Financial Inc. increased its holdings in Valero Energy Corporation by 0.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,825,862 shares of the oil and gas company’s stock valued at $797,793,000 after buying an additional 65,704 shares during the period. LSV Asset Management increased its holdings in Valero Energy Corporation by 4.2% in the 2nd quarter. LSV Asset Management now owns 9,076,859 shares of the oil and gas company’s stock valued at $612,324,000 after buying an additional 366,009 shares during the period. Finally, American International Group Inc. increased its holdings in Valero Energy Corporation by 1.4% in the 1st 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 buying an additional 102,794 shares during the period. Hedge funds and other institutional investors own 80.59% of the company’s stock.
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Valero Energy Corporation (NYSE VLO) traded up 1.91% during midday trading on Friday, hitting $77.75. The stock had a trading volume of 6,118,616 shares. The company has a 50-day moving average price of $74.98 and a 200-day moving average price of $68.29. The stock has a market cap of $34.34 billion, a P/E ratio of 19.19 and a beta of 1.22. Valero Energy Corporation has a 52 week low of $57.40 and a 52 week high of $78.64.
Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.08. The firm had revenue of $23.56 billion during the quarter, compared to analyst estimates of $19.42 billion. Valero Energy Corporation had a return on equity of 9.93% and a net margin of 2.33%. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 earnings per share. Equities analysts expect that Valero Energy Corporation will post $4.75 EPS for the current year.
VLO has been the topic of a number of research analyst reports. Standpoint Research initiated coverage on shares of Valero Energy Corporation in a report on Friday, June 30th. They set an “accumulate” rating and a $84.00 price objective on the stock. BidaskClub upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Citigroup Inc. cut their target price on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, July 17th. Scotiabank set a $70.00 target price on shares of Valero Energy Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, US Capital Advisors downgraded shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $77.19.
In other Valero Energy Corporation news, Director Stephen M. Waters sold 656 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $75.86, for a total transaction of $49,764.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael S. Ciskowski sold 53,012 shares of the company’s 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 sale, the chief financial officer now owns 67,413 shares in the company, valued at $4,913,059.44. The disclosure for this sale can be found here. Insiders sold 55,168 shares of company stock worth $4,015,279 over the last quarter. 0.45% of the stock is owned by company 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.
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