Today, Highland Capital Management LLC Reached $4,086,000 position of Valero Energy Corp. (VLO)

Today, Highland Capital Management LLC Reached $4,086,000 position  of Valero Energy Corp. (VLO)

Highland Capital Management LLC lowered its position in Valero Energy Corp. (NYSE:VLO) by 0.3% during the third quarter, Holdings Channel reports. The fund owned 77,089 shares of the company’s stock after selling 245 shares during the period. Highland Capital Management LLC’s holdings in Valero Energy Corp. were worth $4,086,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Valero Energy Corp. by 1.8% in the second quarter. Vanguard Group Inc. now owns 32,767,093 shares of the company’s stock valued at $1,671,122,000 after buying an additional 565,217 shares in the last quarter. State Street Corp increased its position in shares of Valero Energy Corp. by 0.7% in the second quarter. State Street Corp now owns 25,603,885 shares of the company’s stock valued at $1,305,805,000 after buying an additional 172,622 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Valero Energy Corp. by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 11,867,349 shares of the company’s stock valued at $605,236,000 after buying an additional 351,131 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Valero Energy Corp. by 5.9% in the second quarter. BlackRock Fund Advisors now owns 7,604,021 shares of the company’s stock valued at $387,805,000 after buying an additional 423,704 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of Valero Energy Corp. by 1.9% in the second quarter. LSV Asset Management now owns 7,433,137 shares of the company’s stock valued at $379,089,000 after buying an additional 138,272 shares in the last quarter. 77.49% of the stock is owned by institutional investors.

Valero Energy Corp. (NYSE:VLO) traded down 1.65% on Monday, hitting $63.79. 4,666,386 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 company has a market cap of $28.88 billion, a price-to-earnings ratio of 13.53 and a beta of 1.45. The stock has a 50-day moving average price of $59.00 and a 200 day moving average price of $54.91.

Valero Energy Corp. (NYSE:VLO) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.31. The business earned $19.65 billion during the quarter, compared to analyst estimates of $19.49 billion. Valero Energy Corp. had a net margin of 3.01% and a return on equity of 10.40%. The firm’s quarterly revenue was down 13.0% on a year-over-year basis. During the same quarter last year, the business earned $2.79 EPS. On average, analysts anticipate that Valero Energy Corp. will post $3.71 EPS for the current fiscal year.

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

Several equities analysts recently issued reports on the stock. Tudor Pickering raised shares of Valero Energy Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, November 16th. Vetr downgraded 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. TheStreet raised shares of Valero Energy Corp. from a “hold” rating to a “buy” rating in a report on Monday, November 14th. Scotiabank reissued a “sector outperform” rating and set a $62.00 price target (up from $58.00) on shares of Valero Energy Corp. in a report on Wednesday, October 26th. Finally, Howard Weil lifted their price target 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 given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average 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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