Menta Capital buys $4,979,303 stake in Valero Energy Corporation (VLO)

Valero Energy Corporation (VLO) : Menta Capital scooped up 47,350 additional shares in Valero Energy Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 79,567 shares of Valero Energy Corporation which is valued at $4,979,303.Valero Energy Corporation makes up approximately 0.47% of Menta Capital’s portfolio.

Other Hedge Funds, Including , Jacobs Levy Equity Management Inc boosted its stake in VLO in the latest quarter, The investment management firm added 114,940 additional shares and now holds a total of 454,810 shares of Valero Energy Corporation which is valued at $28,462,010. Valero Energy Corporation makes up approx 0.50% of Jacobs Levy Equity Management Inc’s portfolio.Venturi Wealth Management boosted its stake in VLO in the latest quarter, The investment management firm added 4,120 additional shares and now holds a total of 90,853 shares of Valero Energy Corporation which is valued at $5,720,105. Valero Energy Corporation makes up approx 1.91% of Venturi Wealth Management’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in VLO by selling 67,215 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 12,922,008 shares of VLO which is valued at $756,195,908. Valero Energy Corporation makes up approx 0.12% of Blackrock Institutional Trust Company N.a.’s portfolio.Balasa Dinverno Foltz reduced its stake in VLO by selling 2,774 shares or 10.42% in the most recent quarter. The Hedge Fund company now holds 23,858 shares of VLO which is valued at $1,394,023. Valero Energy Corporation makes up approx 0.27% of Balasa Dinverno Foltz’s portfolio.Trust Investment Advisors reduced its stake in VLO by selling 850 shares or 3.78% in the most recent quarter. The Hedge Fund company now holds 21,650 shares of VLO which is valued at $1,287,959. Valero Energy Corporation makes up approx 1.50% of Trust Investment Advisors’s portfolio.

Valero Energy Corporation closed down -0.68 points or -1.06% at $63.39 with 47,37,657 shares getting traded on Monday. Post opening the session at $63.93, the shares hit an intraday low of $62.94 and an intraday high of $63.98 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Valero Energy Corporation reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.31 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $0.93. The company had revenue of $19649.00 million for the quarter, compared to analysts expectations of $19492.37 million. The company’s revenue was down -13.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.79 EPS.

Many Wall Street Analysts have commented on Valero Energy Corporation. Valero Energy Corporation was Upgraded by Tudor Pickering to ” Buy” on Nov 16, 2016. Company shares were Reiterated by Scotia Howard Weil on Oct 26, 2016 to “Sector Outperform”, Firm has raised the Price Target to $ 62 from a previous price target of $58 .Jefferies Initiated Valero Energy Corporation on Aug 23, 2016 to “Buy”, Price Target of the shares are set at $66.

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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