Appleton Partners Incma buys $3,491,047 stake in Valero Energy Corporation (VLO)

Valero Energy Corporation (VLO) : Appleton Partners Incma scooped up 13,765 additional shares in Valero Energy Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 57,006 shares of Valero Energy Corporation which is valued at $3,491,047.Valero Energy Corporation makes up approximately 0.68% of Appleton Partners Incma’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 , Concannon Wealth Management boosted its stake in VLO in the latest quarter, The investment management firm added 767 additional shares and now holds a total of 42,215 shares of Valero Energy Corporation which is valued at $2,585,247. Valero Energy Corporation makes up approx 2.62% of Concannon Wealth Management’s portfolio.Umb Bank N Amo reduced its stake in VLO by selling 5,313 shares or 24.63% in the most recent quarter. The Hedge Fund company now holds 16,258 shares of VLO which is valued at $995,640. Valero Energy Corporation makes up approx 0.04% of Umb Bank N Amo’s portfolio.Quotient Investors boosted its stake in VLO in the latest quarter, The investment management firm added 22,609 additional shares and now holds a total of 39,569 shares of Valero Energy Corporation which is valued at $2,353,960. Valero Energy Corporation makes up approx 0.85% of Quotient Investors’s portfolio. Benjamin F. Edwards Company added VLO to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $23,796.

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.

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