Mengis Capital Management buys $2,667,824 stake in Valero Energy Corporation (VLO)

Valero Energy Corporation (VLO) : Mengis Capital Management scooped up 5,636 additional shares in Valero Energy Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 49,086 shares of Valero Energy Corporation which is valued at $2,667,824.Valero Energy Corporation makes up approximately 2.26% of Mengis Capital Management’s portfolio.

Other Hedge Funds, Including , Norinchukin Bank The reduced its stake in VLO by selling 29,803 shares or 38.42% in the most recent quarter. The Hedge Fund company now holds 47,760 shares of VLO which is valued at $2,595,756. Valero Energy Corporation makes up approx 0.06% of Norinchukin Bank The’s portfolio.First Midwest Bank Trust Division reduced its stake in VLO by selling 27,713 shares or 26.94% in the most recent quarter. The Hedge Fund company now holds 75,161 shares of VLO which is valued at $3,924,156. Valero Energy Corporation makes up approx 0.47% of First Midwest Bank Trust Division’s portfolio.Anderson Hoagland Co reduced its stake in VLO by selling 4,621 shares or 10.29% in the most recent quarter. The Hedge Fund company now holds 40,306 shares of VLO which is valued at $2,046,739. Valero Energy Corporation makes up approx 1.25% of Anderson Hoagland Co’s portfolio.Leavell Investment Management reduced its stake in VLO by selling 5,520 shares or 40.44% in the most recent quarter. The Hedge Fund company now holds 8,131 shares of VLO which is valued at $412,892. Valero Energy Corporation makes up approx 0.06% of Leavell Investment Management’s portfolio.

Valero Energy Corporation opened for trading at $54.38 and hit $54.71 on the upside on Monday, eventually ending the session at $54.52, with a gain of 0.35% or 0.19 points. The heightened volatility saw the trading volume jump to 49,42,605 shares. Company has a market cap of $25,152 M.

On the company’s financial health, Valero Energy Corporation reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.99. The company had revenue of $19584.00 million for the quarter, compared to analysts expectations of $18667.34 million. The company’s revenue was down -22.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.66 EPS.

Many Wall Street Analysts have commented on Valero Energy Corporation. Shares were Reiterated by Scotia Howard Weil on Jul 27, 2016 to “Sector Outperform” and Lowered the Price Target to $ 60 from a previous price target of $61 .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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