Valero Energy Corporation (VLO) : New England Investment Retirement Group added new position in Valero Energy Corporation during the most recent quarter end. The investment management firm now holds 47,452 shares of Valero Energy Corporation which is valued at $2,822,919 , the company said in a statement filed on Apr 14, 2016 with the SEC.Valero Energy Corporation makes up approximately 1.54% of New England Investment Retirement Group’s portfolio.
Valero Energy Corporation opened for trading at $59.17 and hit $60.85 on the upside on Monday, eventually ending the session at $60.71, with a gain of 2.05% or 1.22 points. The heightened volatility saw the trading volume jump to 56,06,168 shares. Company has a market cap of $28,558 M.
Other Hedge Funds, Including , Taylor Wealth Management Partners boosted its stake in VLO in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 2,225 shares of Valero Energy Corporation which is valued at $132,365. Valero Energy Corporation makes up approx 0.06% of Taylor Wealth Management Partners’s portfolio.Capstone Asset Management Co reduced its stake in VLO by selling 7,770 shares or 4.79% in the most recent quarter. The Hedge Fund company now holds 154,407 shares of VLO which is valued at $9,185,672. Valero Energy Corporation makes up approx 0.26% of Capstone Asset Management Co’s portfolio.Creative Planning boosted its stake in VLO in the latest quarter, The investment management firm added 21,977 additional shares and now holds a total of 57,397 shares of Valero Energy Corporation which is valued at $3,486,294. Valero Energy Corporation makes up approx 0.03% of Creative Planning’s portfolio.Foundation Resource Management Inc reduced its stake in VLO by selling 275,558 shares or 40.26% in the most recent quarter. The Hedge Fund company now holds 408,837 shares of VLO which is valued at $24,832,759. Valero Energy Corporation makes up approx 5.00% of Foundation Resource Management Inc’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.