Today, Valero Energy Corp. (VLO) Stake Increased by Amica Retiree Medical Trust

Today, Valero Energy Corp. (VLO) Stake Increased by Amica Retiree Medical Trust

Amica Retiree Medical Trust increased its stake in Valero Energy Corp. (NYSE:VLO) by 37.3% during the third quarter, Holdings Channel reports. The institutional investor owned 3,686 shares of the company’s stock after buying an additional 1,001 shares during the period. Amica Retiree Medical Trust’s holdings in Valero Energy Corp. were worth $195,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of VLO. NEXT Financial Group Inc boosted its stake in Valero Energy Corp. by 3.1% in the second quarter. NEXT Financial Group Inc now owns 10,418 shares of the company’s stock valued at $531,000 after buying an additional 317 shares in the last quarter. Spirit of America Management Corp NY boosted its stake in Valero Energy Corp. by 19.9% in the second quarter. Spirit of America Management Corp NY now owns 49,350 shares of the company’s stock valued at $2,517,000 after buying an additional 8,200 shares in the last quarter. Cullinan Associates Inc. boosted its stake in Valero Energy Corp. by 0.6% in the second quarter. Cullinan Associates Inc. now owns 64,180 shares of the company’s stock valued at $3,273,000 after buying an additional 400 shares in the last quarter. New England Research & Management Inc. boosted its stake in Valero Energy Corp. by 185.7% in the second quarter. New England Research & Management Inc. now owns 30,000 shares of the company’s stock valued at $1,530,000 after buying an additional 19,500 shares in the last quarter. Finally, Fulton Bank N.A. boosted its stake in Valero Energy Corp. by 11.8% in the second quarter. Fulton Bank N.A. now owns 18,489 shares of the company’s stock valued at $943,000 after buying an additional 1,949 shares in the last quarter. Institutional investors and hedge funds own 78.89% of the company’s stock.

Shares of Valero Energy Corp. (NYSE:VLO) traded up 0.22% during midday trading on Friday, hitting $64.86. 1,735,372 shares of the stock traded hands. Valero Energy Corp. has a 1-year low of $46.88 and a 1-year high of $73.70. The stock has a 50 day moving average of $58.72 and a 200 day moving average of $54.84. The company has a market capitalization of $29.36 billion, a P/E ratio of 13.75 and a beta of 1.45.

Valero Energy Corp. (NYSE:VLO) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.31. Valero Energy Corp. had a return on equity of 10.40% and a net margin of 3.01%. The company had revenue of $19.65 billion for the quarter, compared to analysts’ expectations of $19.49 billion. During the same quarter in the prior year, the business posted $2.79 EPS. The business’s revenue was down 13.0% compared to the same quarter last year. Equities research analysts predict that Valero Energy Corp. will post $3.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Tuesday, November 22nd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Friday, November 18th. Valero Energy Corp.’s dividend payout ratio is currently 50.74%.

Several analysts recently commented on the stock. TheStreet upgraded shares of Valero Energy Corp. from a “hold” rating to a “buy” rating in a report on Monday, November 14th. Vetr cut shares of Valero Energy Corp. from a “buy” rating to a “hold” rating and set a $65.26 price target for the company. in a report on Wednesday, November 16th. Tudor Pickering raised shares of Valero Energy Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, November 16th. Scotiabank reaffirmed a “sector outperform” rating and set a $62.00 price objective (up previously from $58.00) on shares of Valero Energy Corp. in a research report on Wednesday, October 26th. Finally, Howard Weil raised their price objective on shares of Valero Energy Corp. from $58.00 to $62.00 and gave the company a “sector outperform” rating in a research report on Wednesday, October 26th. Eight investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $69.36.

About Valero Energy Corp.

Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland.

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