Hutchinson Capital Managementca Lowers stake in Valero Energy Corporation (VLO)

Valero Energy Corporation (VLO) : Hutchinson Capital Managementca reduced its stake in Valero Energy Corporation by 0.04% during the most recent quarter end. The investment management company now holds a total of 174,727 shares of Valero Energy Corporation which is valued at $9,559,314 after selling 74 shares in Valero Energy Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Valero Energy Corporation makes up approximately 2.84% of Hutchinson Capital Managementca’s portfolio.

Other Hedge Funds, Including , Courier Capital Corp boosted its stake in VLO in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 40,586 shares of Valero Energy Corporation which is valued at $2,220,460. Valero Energy Corporation makes up approx 0.43% of Courier Capital Corp’s portfolio.Hanson Doremus Investment Management boosted its stake in VLO in the latest quarter, The investment management firm added 260 additional shares and now holds a total of 34,494 shares of Valero Energy Corporation which is valued at $1,803,346. Valero Energy Corporation makes up approx 0.79% of Hanson Doremus Investment Management’s portfolio.Quadrant Capital Group reduced its stake in VLO by selling 252 shares or 30.25% in the most recent quarter. The Hedge Fund company now holds 581 shares of VLO which is valued at $30,375. Valero Energy Corporation makes up approx 0.02% of Quadrant Capital Group’s portfolio.Atwood Palmer Inc reduced its stake in VLO by selling 1,944 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 127,681 shares of VLO which is valued at $6,368,728. Valero Energy Corporation makes up approx 1.11% of Atwood Palmer Inc’s portfolio.

Valero Energy Corporation closed down -1.38 points or -2.52% at $53.33 with 88,40,431 shares getting traded on Thursday. Post opening the session at $54.21, the shares hit an intraday low of $53.09 and an intraday high of $54.65 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

Investors should note that on Jul 28, 2016, Valero Energy Corporation announced a cash dividend of $0.6000. The company’s management has announced Aug 9, 2016 as the ex-dividend date and fixed the record date on Aug 11, 2016. The payable date has been fixed on Sep 8, 2016.

Many Wall Street Analysts have commented on Valero Energy Corporation. 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 Corporation was Downgraded by Tudor Pickering to ” Hold” on May 16, 2016.

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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