Valero Energy Corporation (VLO) : Investec Asset Management Ltd reduced its stake in Valero Energy Corporation by 0.92% during the most recent quarter end. The investment management company now holds a total of 4,374,907 shares of Valero Energy Corporation which is valued at $241.1 Million after selling 40,701 shares in Valero Energy Corporation , the firm said in a disclosure report filed with the SEC on May 12, 2016.Valero Energy Corporation makes up approximately 1.31% of Investec Asset Management Ltd’s portfolio.
Other Hedge Funds, Including , Mitsubishi Ufj Trust Banking Corp reduced its stake in VLO by selling 12,392 shares or 1.17% in the most recent quarter. The Hedge Fund company now holds 1,044,585 shares of VLO which is valued at $57.6 Million. Valero Energy Corporation makes up approx 0.13% of Mitsubishi Ufj Trust Banking Corp’s portfolio.Blackrock Group Ltd boosted its stake in VLO in the latest quarter, The investment management firm added 315,847 additional shares and now holds a total of 5,609,765 shares of Valero Energy Corporation which is valued at $309.2 Million. Valero Energy Corporation makes up approx 0.17% of Blackrock Group Ltd’s portfolio.Vantage Investment Partners boosted its stake in VLO in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 60,108 shares of Valero Energy Corporation which is valued at $3.3 Million. Valero Energy Corporation makes up approx 0.39% of Vantage Investment Partners’s portfolio. First National Bank Sioux Falls added VLO to its portfolio by purchasing 425 company shares during the most recent quarter which is valued at $23,528. Valero Energy Corporation makes up approx 0.08% of First National Bank Sioux Falls’s portfolio.Tokio Marine Asset Management Co Ltd reduced its stake in VLO by selling 966 shares or 6.32% in the most recent quarter. The Hedge Fund company now holds 14,329 shares of VLO which is valued at $793,253. Valero Energy Corporation makes up approx 0.08% of Tokio Marine Asset Management Co Ltd’s portfolio.
Valero Energy Corporation opened for trading at $55.59 and hit $56.3 on the upside on Friday, eventually ending the session at $56.13, with a gain of 1.32% or 0.73 points. The heightened volatility saw the trading volume jump to 34,98,410 shares. Company has a market cap of $26,370 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.