James Investment Research Inc Lowers stake in Valero Energy Corporation (VLO)

Valero Energy Corporation (VLO) : James Investment Research Inc reduced its stake in Valero Energy Corporation by 15.81% during the most recent quarter end. The investment management company now holds a total of 912,811 shares of Valero Energy Corporation which is valued at $46,033,059 after selling 171,477 shares in Valero Energy Corporation , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Valero Energy Corporation makes up approximately 1.14% of James Investment Research Inc’s portfolio.

Other Hedge Funds, Including , Peddock Capital Advisors boosted its stake in VLO in the latest quarter, The investment management firm added 1,947 additional shares and now holds a total of 6,098 shares of Valero Energy Corporation which is valued at $307,522. Valero Energy Corporation makes up approx 0.19% of Peddock Capital Advisors’s portfolio.Capstone Asset Management Co boosted its stake in VLO in the latest quarter, The investment management firm added 6,362 additional shares and now holds a total of 160,769 shares of Valero Energy Corporation which is valued at $7,964,496. Valero Energy Corporation makes up approx 0.23% of Capstone Asset Management Co’s portfolio.North Star Investment Management Corp. boosted its stake in VLO in the latest quarter, The investment management firm added 510 additional shares and now holds a total of 660 shares of Valero Energy Corporation which is valued at $32,696. Valero Energy Corporation makes up approx 0.01% of North Star Investment Management Corp.’s portfolio. Summit Financial Wealth Advisors added VLO to its portfolio by purchasing 15,425 company shares during the most recent quarter which is valued at $736,235. Valero Energy Corporation makes up approx 0.30% of Summit Financial Wealth Advisors’s portfolio.

Valero Energy Corporation opened for trading at $49.85 and hit $50.897 on the upside on Monday, eventually ending the session at $50.43, with a gain of 0.98% or 0.49 points. The heightened volatility saw the trading volume jump to 50,78,590 shares. Company has a market cap of $23,692 M.

On the company’s financial health, Valero Energy Corporation reported $0.60 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.65. The company had revenue of $15714.00 million for the quarter, compared to analysts expectations of $17705.49 million. The company’s revenue was down -26.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.87 EPS.

Many Wall Street Analysts have commented on Valero Energy Corporation. 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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