Hefty Wealth Partners adds Valero Energy Corporation (VLO) to its portfolio

Valero Energy Corporation (VLO) : Hefty Wealth Partners added new position in Valero Energy Corporation during the most recent quarter end. The investment management firm now holds 20,887 shares of Valero Energy Corporation which is valued at $1,144,608 , the company said in a statement filed on Oct 5, 2016 with the SEC.Valero Energy Corporation makes up approximately 0.87% of Hefty Wealth Partners’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in VLO by selling 90,638 shares or 11.64% in the most recent quarter. The Hedge Fund company now holds 687,817 shares of VLO which is valued at $37,692,372. Valero Energy Corporation makes up approx 0.15% of Bnp Paribas Arbitrage Sa’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.West Oak Capital reduced its stake in VLO by selling 200 shares or 34.01% in the most recent quarter. The Hedge Fund company now holds 388 shares of VLO which is valued at $21,262. Valero Energy Corporation makes up approx 0.01% of West Oak Capital’s portfolio.Harbour Capital Advisors boosted its stake in VLO in the latest quarter, The investment management firm added 3,250 additional shares and now holds a total of 21,155 shares of Valero Energy Corporation which is valued at $1,159,294. Valero Energy Corporation makes up approx 0.62% of Harbour Capital Advisors’s portfolio.Cullinan Associates Inc boosted its stake in VLO in the latest quarter, The investment management firm added 2,300 additional shares and now holds a total of 66,480 shares of Valero Energy Corporation which is valued at $3,643,104. Valero Energy Corporation makes up approx 0.31% of Cullinan Associates Inc’s portfolio.

Valero Energy Corporation opened for trading at $53.17 and hit $54.35 on the upside on Tuesday, eventually ending the session at $53.65, with a gain of 1.42% or 0.75 points. The heightened volatility saw the trading volume jump to 58,04,032 shares. Company has a market cap of $24,751 M.

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.

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