Adams Asset Advisors buys $7,457,855 stake in Valero Energy Corporation (VLO)

Valero Energy Corporation (VLO) : Adams Asset Advisors scooped up 9,941 additional shares in Valero Energy Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 146,866 shares of Valero Energy Corporation which is valued at $7,457,855.Valero Energy Corporation makes up approximately 1.24% of Adams Asset Advisors’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management reduced its stake in VLO by selling 2,870,217 shares or 99.8% in the most recent quarter. The Hedge Fund company now holds 5,786 shares of VLO which is valued at $293,813.Sonora Investment Management boosted its stake in VLO in the latest quarter, The investment management firm added 707 additional shares and now holds a total of 17,860 shares of Valero Energy Corporation which is valued at $900,680. Valero Energy Corporation makes up approx 0.50% of Sonora Investment Management’s portfolio.Ferguson Wellman Capital Management Inc reduced its stake in VLO by selling 149 shares or 3.64% in the most recent quarter. The Hedge Fund company now holds 3,945 shares of VLO which is valued at $198,946. Valero Energy Corporation makes up approx 0.01% of Ferguson Wellman Capital Management Inc’s portfolio.Community Trust Investment Co boosted its stake in VLO in the latest quarter, The investment management firm added 5,797 additional shares and now holds a total of 122,997 shares of Valero Energy Corporation which is valued at $6,093,271. Valero Energy Corporation makes up approx 0.76% of Community Trust Investment Co’s portfolio.Raymond James Trust N.a. reduced its stake in VLO by selling 476 shares or 3.37% in the most recent quarter. The Hedge Fund company now holds 13,631 shares of VLO which is valued at $650,608. Valero Energy Corporation makes up approx 0.05% of Raymond James Trust N.a.’s portfolio.

Valero Energy Corporation closed down -0.07 points or -0.14% at $50.78 with 45,08,950 shares getting traded on Wednesday. Post opening the session at $51.06, the shares hit an intraday low of $50.5 and an intraday high of $51.15 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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 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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