Valero Energy Corporation (VLO) : Advisory Services Network reduced its stake in Valero Energy Corporation by 12.9% during the most recent quarter end. The investment management company now holds a total of 29,319 shares of Valero Energy Corporation which is valued at $1,795,496 after selling 4,343 shares in Valero Energy Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Valero Energy Corporation makes up approximately 0.48% of Advisory Services Network’s portfolio.
Valero Energy Corporation opened for trading at $61.77 and hit $62.535 on the upside on Wednesday, eventually ending the session at $62.19, with a gain of 0.61% or 0.38 points. The heightened volatility saw the trading volume jump to 46,11,792 shares. Company has a market cap of $29,254 M.
Other Hedge Funds, Including , Appleton Partners Incma boosted its stake in VLO in the latest quarter, The investment management firm added 13,765 additional shares and now holds a total of 57,006 shares of Valero Energy Corporation which is valued at $3,491,047. Valero Energy Corporation makes up approx 0.68% of Appleton Partners Incma’s portfolio.Cornerstone Advisors boosted its stake in VLO in the latest quarter, The investment management firm added 77 additional shares and now holds a total of 109 shares of Valero Energy Corporation which is valued at $6,675. Valero Energy Corporation makes up approx 0.01% of Cornerstone Advisors’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in VLO by selling 8,233 shares or 4.67% in the most recent quarter. The Hedge Fund company now holds 168,133 shares of VLO which is valued at $10,002,232. Valero Energy Corporation makes up approx 0.23% of Oregon Public Employees Retirement Fund’s portfolio.Kanaly Trust Co reduced its stake in VLO by selling 860 shares or 55.84% in the most recent quarter. The Hedge Fund company now holds 680 shares of VLO which is valued at $40,453. Valero Energy Corporation makes up approx 0.01% of Kanaly Trust Co’s portfolio.
On the company’s financial health, Valero Energy Corporation reported $1.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.31 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $1.48. The company had revenue of $18777.00 million for the quarter, compared to analysts expectations of $16915.98 million. The company’s revenue was down -32.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.83 EPS.
Many Wall Street Analysts have commented on Valero Energy Corporation. Valero Energy Corporation was Downgraded by Credit Suisse to ” Neutral” on Apr 11, 2016. Shares were Reiterated by Barclays on Apr 8, 2016 to “Overweight” and Lowered the Price Target to $ 85 from a previous price target of $93 .Valero Energy Corporation was Upgraded by BofA/Merrill to ” Neutral” on Mar 3, 2016.
Valero Energy Corp (Valero) is an international manufacturer and marketer of transportation fuels other petrochemical products and power. The Company’s refineries can produce conventional gasolines premium gasolines gasoline diesel fuel low-sulfur diesel fuel ultra-low-sulfur diesel fuel CARB diesel fuel other distillates jet fuel asphalt petrochemicals lubricants and other refined products. The Company markets branded and unbranded refined products through approximately 7400 outlets. The Company also owns 11 ethanol plants in the central plains region of the United States that primarily produce ethanol. The Company operates through two segments. The refining segment includes refining operations wholesale marketing product supply and distribution and transportation operations in the United States Canada the United Kingdom Aruba and Ireland. Its ethanol segment primarily includes sale of internally produced ethanol and distillers grains.