Balasa Dinverno Foltz buys $1.4 Million stake in Valero Energy Corporation (VLO)

Valero Energy Corporation (VLO) : Balasa Dinverno Foltz scooped up 3,394 additional shares in Valero Energy Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 25,045 shares of Valero Energy Corporation which is valued at $1.4 Million.Valero Energy Corporation makes up approximately 0.25% of Balasa Dinverno Foltz’s portfolio.

Other Hedge Funds, Including , Sumitomo Mitsui Asset Management Company Ltd reduced its stake in VLO by selling 21 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 36,333 shares of VLO which is valued at $2 Million. Valero Energy Corporation makes up approx 0.06% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Cibc World Markets reduced its stake in VLO by selling 92,899 shares or 47.1% in the most recent quarter. The Hedge Fund company now holds 104,334 shares of VLO which is valued at $5.8 Million. Valero Energy Corporation makes up approx 0.03% of Cibc World Markets’s portfolio.Btc Capital Management boosted its stake in VLO in the latest quarter, The investment management firm added 2,005 additional shares and now holds a total of 91,071 shares of Valero Energy Corporation which is valued at $5 Million. Valero Energy Corporation makes up approx 1.16% of Btc Capital Management’s portfolio.Nippon Life Insurance Co reduced its stake in VLO by selling 253 shares or 0.97% in the most recent quarter. The Hedge Fund company now holds 25,719 shares of VLO which is valued at $1.4 Million. Valero Energy Corporation makes up approx 0.03% of Nippon Life Insurance Co’s portfolio.Bartlett boosted its stake in VLO in the latest quarter, The investment management firm added 132 additional shares and now holds a total of 490 shares of Valero Energy Corporation which is valued at $27,126.

Valero Energy Corporation opened for trading at $55.27 and hit $55.375 on the upside on Monday, eventually ending the session at $55.19, with a gain of 0.15% or 0.08 points. The heightened volatility saw the trading volume jump to 57,94,808 shares. Company has a market cap of $25,928 M.

On the company’s financial health, Valero Energy Corporation reported $0.60 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.65. The company had revenue of $15714.00 million for the quarter, compared to analysts expectations of $17705.49 million. The company’s revenue was down -26.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.87 EPS.

Many Wall Street Analysts have commented on Valero Energy Corporation. Valero Energy Corporation was Downgraded by Tudor Pickering to ” Hold” on May 16, 2016. 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 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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