Valero Energy Corporation (VLO) : Wilsey Asset Management Inc reduced its stake in Valero Energy Corporation by 0.51% during the most recent quarter end. The investment management company now holds a total of 180,327 shares of Valero Energy Corporation which is valued at $9,871,100 after selling 931 shares in Valero Energy Corporation , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Valero Energy Corporation makes up approximately 7.52% of Wilsey Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Hudson Valley Investment Advisors Inc Adv reduced its stake in VLO by selling 125 shares or 0.93% in the most recent quarter. The Hedge Fund company now holds 13,300 shares of VLO which is valued at $728,042. Valero Energy Corporation makes up approx 0.22% of Hudson Valley Investment Advisors Inc Adv’s portfolio.Independent Portfolio Consultants reduced its stake in VLO by selling 354 shares or 22.93% in the most recent quarter. The Hedge Fund company now holds 1,190 shares of VLO which is valued at $65,212. Valero Energy Corporation makes up approx 0.02% of Independent Portfolio Consultants’s portfolio. Summit Financial Wealth Advisors sold out all of its stake in VLO during the most recent quarter. The investment firm sold 15,425 shares of VLO which is valued $845,290.Chevy Chase Trust Holdings reduced its stake in VLO by selling 16,817 shares or 4.16% in the most recent quarter. The Hedge Fund company now holds 387,415 shares of VLO which is valued at $21,230,342. Valero Energy Corporation makes up approx 0.12% of Chevy Chase Trust Holdings’s portfolio.Washington Trust Bank boosted its stake in VLO in the latest quarter, The investment management firm added 1,289 additional shares and now holds a total of 26,471 shares of Valero Energy Corporation which is valued at $1,450,611. Valero Energy Corporation makes up approx 0.35% of Washington Trust Bank’s portfolio.
Valero Energy Corporation closed down -0.55 points or -1.00% at $54.19 with 44,19,745 shares getting traded on Tuesday. Post opening the session at $55.05, the shares hit an intraday low of $54 and an intraday high of $55.26 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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. Jefferies Initiated Valero Energy Corporation on Aug 23, 2016 to “Buy”, Price Target of the shares are set at $66.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 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.