Narwhal Capital Management buys $1,459,270 stake in Valero Energy Corporation (VLO)

Valero Energy Corporation (VLO) : Narwhal Capital Management scooped up 350 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 26, 2016. The investment management firm now holds a total of 27,950 shares of Valero Energy Corporation which is valued at $1,459,270.Valero Energy Corporation makes up approximately 0.45% of Narwhal Capital Management’s portfolio.

Other Hedge Funds, Including , Calamos Advisors boosted its stake in VLO in the latest quarter, The investment management firm added 19 additional shares and now holds a total of 56,219 shares of Valero Energy Corporation which is valued at $2,935,194. Valero Energy Corporation makes up approx 0.03% of Calamos Advisors’s portfolio.Highstreet Asset Management boosted its stake in VLO in the latest quarter, The investment management firm added 4,437 additional shares and now holds a total of 10,828 shares of Valero Energy Corporation which is valued at $540,101. Valero Energy Corporation makes up approx 0.18% of Highstreet Asset Management’s portfolio. Willingdon Wealth Management added VLO to its portfolio by purchasing 9,250 company shares during the most recent quarter which is valued at $461,390. Valero Energy Corporation makes up approx 0.23% of Willingdon Wealth Management’s portfolio.West Oak Capital boosted its stake in VLO in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 588 shares of Valero Energy Corporation which is valued at $28,065. Valero Energy Corporation makes up approx 0.02% of West Oak Capital’s portfolio.Cullinan Associates Inc boosted its stake in VLO in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 64,180 shares of Valero Energy Corporation which is valued at $3,300,777. Valero Energy Corporation makes up approx 0.27% of Cullinan Associates Inc’s portfolio.

Valero Energy Corporation opened for trading at $51.67 and hit $52.34 on the upside on Friday, eventually ending the session at $52.28, with a gain of 0.79% or 0.41 points. The heightened volatility saw the trading volume jump to 51,16,350 shares. Company has a market cap of $24,561 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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