Trade Report: Today, Fisher Asset Management LLC decides to keep it stake in Valero Energy Corp. (VLO) to the level of $7,513,000

Today, Fisher Asset Management LLC decides to keep it stake in Valero Energy Corp. (VLO) to the level of $7,513,000

Fisher Asset Management LLC lowered its stake in shares of Valero Energy Corp. (NYSE:VLO) by 14.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 141,750 shares of the company’s stock after selling 24,636 shares during the period. Fisher Asset Management LLC’s holdings in Valero Energy Corp. were worth $7,513,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its position in shares of Valero Energy Corp. by 22.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 241,977 shares of the company’s stock valued at $12,825,000 after buying an additional 44,489 shares during the last quarter. Gradient Investments LLC boosted its position in shares of Valero Energy Corp. by 8.9% in the third quarter. Gradient Investments LLC now owns 87,692 shares of the company’s stock valued at $4,648,000 after buying an additional 7,157 shares during the last quarter. Canal Capital Management LLC boosted its position in shares of Valero Energy Corp. by 5.8% in the third quarter. Canal Capital Management LLC now owns 20,864 shares of the company’s stock valued at $1,106,000 after buying an additional 1,142 shares during the last quarter. Advisory Services Network LLC boosted its position in shares of Valero Energy Corp. by 8.9% in the third quarter. Advisory Services Network LLC now owns 15,371 shares of the company’s stock valued at $815,000 after buying an additional 1,258 shares during the last quarter. Finally, Founders Financial Securities LLC purchased a new position in shares of Valero Energy Corp. during the third quarter valued at $482,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Corp. (NYSE:VLO) traded down 1.65% during midday trading on Monday, hitting $63.79. The stock had a trading volume of 4,638,419 shares. The company has a 50-day moving average price of $59.00 and a 200-day moving average price of $54.91. The company has a market cap of $28.88 billion, a price-to-earnings ratio of 13.53 and a beta of 1.45. Valero Energy Corp. has a 12-month low of $46.88 and a 12-month high of $73.70.

Valero Energy Corp. (NYSE:VLO) last announced its earnings results on Tuesday, October 25th. The company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.31. Valero Energy Corp. had a net margin of 3.01% and a return on equity of 10.40%. The business had revenue of $19.65 billion for the quarter, compared to the consensus estimate of $19.49 billion. During the same quarter in the prior year, the firm posted $2.79 earnings per share. The business’s revenue for the quarter was down 13.0% on a year-over-year basis. Equities analysts anticipate that Valero Energy Corp. will post $3.71 EPS for the current year.

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

Several brokerages recently issued reports on VLO. Tudor Pickering upgraded shares of Valero Energy Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, November 16th. Vetr lowered shares of Valero Energy Corp. from a “buy” rating to a “hold” rating and set a $65.26 price objective on the stock. in a report on Wednesday, November 16th. TheStreet upgraded shares of Valero Energy Corp. from a “hold” rating to a “buy” rating in a report on Monday, November 14th. Scotiabank restated a “sector outperform” rating and issued a $62.00 price objective (up from $58.00) on shares of Valero Energy Corp. in a report on Wednesday, October 26th. Finally, Howard Weil boosted 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 report on Wednesday, October 26th. Eight investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $69.36.

Valero Energy Corp. Company Profile

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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