Narwhal Capital Management boosted its stake in shares of Valero Energy Corp. (NYSE:VLO) by 1.3% during the second quarter, Holdings Channel reports. The fund owned 27,950 shares of the company’s stock after buying an additional 350 shares during the period. Narwhal Capital Management’s holdings in Valero Energy Corp. were worth $1,425,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Green Square Capital LLC purchased a new position in shares of Valero Energy Corp. during the second quarter valued at $3,266,000. PGGM Investments raised its stake in shares of Valero Energy Corp. by 9.9% in the second quarter. PGGM Investments now owns 870,398 shares of the company’s stock valued at $44,390,000 after buying an additional 78,433 shares during the period. HL Financial Services LLC raised its stake in shares of Valero Energy Corp. by 2.4% in the second quarter. HL Financial Services LLC now owns 43,191 shares of the company’s stock valued at $2,203,000 after buying an additional 992 shares during the period. Douglas Lane & Associates LLC raised its stake in shares of Valero Energy Corp. by 4.5% in the second quarter. Douglas Lane & Associates LLC now owns 593,791 shares of the company’s stock valued at $30,283,000 after buying an additional 25,327 shares during the period. Finally, Rehmann Capital Advisory Group raised its stake in shares of Valero Energy Corp. by 2.1% in the second quarter. Rehmann Capital Advisory Group now owns 7,030 shares of the company’s stock valued at $359,000 after buying an additional 147 shares during the period. 78.48% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Corp. (NYSE:VLO) traded up 0.41% during midday trading on Wednesday, hitting $55.68. The stock had a trading volume of 6,033,433 shares. Valero Energy Corp. has a 12-month low of $46.88 and a 12-month high of $73.88. The company has a market cap of $25.69 billion, a price-to-earnings ratio of 8.95 and a beta of 1.97. The company has a 50-day moving average price of $54.92 and a 200-day moving average price of $56.26.

Valero Energy Corp. (NYSE:VLO) last announced its earnings results on Tuesday, July 26th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.03 by $0.04. The business had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $16.79 billion. Valero Energy Corp. had a return on equity of 14.05% and a net margin of 3.89%. The company’s revenue was down 22.0% on a year-over-year basis. During the same period last year, the business posted $2.66 EPS. Equities analysts anticipate that Valero Energy Corp. will post $3.33 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Thursday, August 11th were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, August 9th. This represents a $2.40 annualized dividend and a dividend yield of 4.31%. Valero Energy Corp.’s payout ratio is currently 38.77%.

VLO has been the topic of several research analyst reports. Wells Fargo & Co. restated a “buy” rating on shares of Valero Energy Corp. in a report on Saturday, July 9th. JPMorgan Chase & Co. restated a “buy” rating on shares of Valero Energy Corp. in a report on Sunday, June 12th. Vetr lowered shares of Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $57.85 price objective on the stock. in a report on Tuesday, July 26th. Jefferies Group initiated coverage on shares of Valero Energy Corp. in a report on Tuesday, August 23rd. They issued a “buy” rating and a $66.00 price objective on the stock. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $62.00 price objective on shares of Valero Energy Corp. in a report on Thursday, July 14th. Nine analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $69.76.

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.

5 Day Chart for NYSE:VLO

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