Valero Energy Corporation (VLO) : Wilsey Asset Management Inc reduced its stake in Valero Energy Corporation by 0.88% during the most recent quarter end. The investment management company now holds a total of 190,824 shares of Valero Energy Corporation which is valued at $11,352,120 after selling 1,702 shares in Valero Energy Corporation , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.Valero Energy Corporation makes up approximately 7.99% of Wilsey Asset Management Inc’s portfolio.
Valero Energy Corporation closed down -2.07 points or -3.36% at $59.49 with 69,87,677 shares getting traded on Friday. Post opening the session at $61.42, the shares hit an intraday low of $59.43 and an intraday high of $61.82 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Denali Advisors boosted its stake in VLO in the latest quarter, The investment management firm added 40,900 additional shares and now holds a total of 79,600 shares of Valero Energy Corporation which is valued at $4,735,404. Valero Energy Corporation makes up approx 1.06% of Denali Advisors’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.Hollencrest Securities reduced its stake in VLO by selling 3,817 shares or 43.64% in the most recent quarter. The Hedge Fund company now holds 4,930 shares of VLO which is valued at $299,448. Valero Energy Corporation makes up approx 0.05% of Hollencrest Securities’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.