Wilsey Asset Management Inc Lowers stake in Valero Energy Corporation (VLO)

Valero Energy Corporation (VLO) : Wilsey Asset Management Inc reduced its stake in Valero Energy Corporation by 5.01% during the most recent quarter end. The investment management company now holds a total of 181,258 shares of Valero Energy Corporation which is valued at $9,140,841 after selling 9,566 shares in Valero Energy Corporation , the firm said in a disclosure report filed with the SEC on Jul 14, 2016.Valero Energy Corporation makes up approximately 6.35% of Wilsey Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Id Management As boosted its stake in VLO in the latest quarter, The investment management firm added 4,800 additional shares and now holds a total of 65,145 shares of Valero Energy Corporation which is valued at $3,285,262. Valero Energy Corporation makes up approx 1.00% of Id Management As’s portfolio.American National Bank boosted its stake in VLO in the latest quarter, The investment management firm added 1,455 additional shares and now holds a total of 51,195 shares of Valero Energy Corporation which is valued at $2,443,537. Valero Energy Corporation makes up approx 0.90% of American National Bank’s portfolio.

Valero Energy Corporation opened for trading at $49.85 and hit $50.897 on the upside on Monday, eventually ending the session at $50.43, with a gain of 0.98% or 0.49 points. The heightened volatility saw the trading volume jump to 50,78,590 shares. Company has a market cap of $23,692 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 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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