Valero Energy Corporation (VLO) : Smithbridge Asset Management Incde scooped up 1 additional shares in Valero Energy Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 11,501 shares of Valero Energy Corporation which is valued at $624,849.Valero Energy Corporation makes up approximately 0.56% of Smithbridge Asset Management Incde’s portfolio.
Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in VLO by selling 314,729 shares or 16.01% in the most recent quarter. The Hedge Fund company now holds 1,651,203 shares of VLO which is valued at $89,709,859. Valero Energy Corporation makes up approx 0.07% of Tiaa Cref Investment Management’s portfolio.Glenmede Trust Co Na boosted its stake in VLO in the latest quarter, The investment management firm added 217,320 additional shares and now holds a total of 733,119 shares of Valero Energy Corporation which is valued at $39,221,867. Valero Energy Corporation makes up approx 0.23% of Glenmede Trust Co Na’s portfolio. Stanley-laman Group Ltd. sold out all of its stake in VLO during the most recent quarter. The investment firm sold 4,558 shares of VLO which is valued $243,853.Herndon Capital Management reduced its stake in VLO by selling 621,307 shares or 33.84% in the most recent quarter. The Hedge Fund company now holds 1,214,805 shares of VLO which is valued at $63,510,005. Valero Energy Corporation makes up approx 2.32% of Herndon Capital Management’s portfolio.
Valero Energy Corporation opened for trading at $54.52 and hit $55.3512 on the upside on Tuesday, eventually ending the session at $55.21, with a gain of 1.43% or 0.78 points. The heightened volatility saw the trading volume jump to 43,54,090 shares. Company has a market cap of $25,471 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 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.