Old Port Advisors purchased a new stake in Valero Energy Co. (NYSE:VLO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,624 shares of the oil and gas company’s stock, valued at approximately $734,000.

Other institutional investors have also made changes to their positions in the company. Kiley Juergens Wealth Management LLC bought a new stake in Valero Energy in the 2nd quarter valued at $117,000. Kaizen Advisory LLC increased its holdings in Valero Energy by 156.8% in the 2nd quarter. Kaizen Advisory LLC now owns 1,063 shares of the oil and gas company’s stock valued at $118,000 after buying an additional 649 shares during the period. Stelac Advisory Services LLC bought a new stake in Valero Energy in the 2nd quarter valued at $125,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in Valero Energy in the 1st quarter valued at $135,000. Finally, Trust Co. of Vermont increased its holdings in Valero Energy by 70.4% in the 2nd quarter. Trust Co. of Vermont now owns 1,452 shares of the oil and gas company’s stock valued at $160,000 after buying an additional 600 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:VLO opened at $114.96 on Tuesday. Valero Energy Co. has a 12 month low of $74.35 and a 12 month high of $126.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.67. The stock has a market cap of $47.97 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 1.93 and a beta of 0.99.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 26th. The oil and gas company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.17. Valero Energy had a net margin of 4.21% and a return on equity of 12.06%. The firm had revenue of $31.02 billion for the quarter, compared to analyst estimates of $26.56 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The company’s revenue was up 39.4% on a year-over-year basis. analysts expect that Valero Energy Co. will post 6.47 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Tuesday, August 7th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Monday, August 6th. Valero Energy’s dividend payout ratio is currently 64.52%.

In other Valero Energy news, Director Stephen M. Waters sold 1,000 shares of the stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $116.76, for a total transaction of $116,760.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.41% of the stock is owned by corporate insiders.

VLO has been the topic of several analyst reports. ValuEngine lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Credit Suisse Group boosted their price target on shares of Valero Energy from $118.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, June 4th. JPMorgan Chase & Co. boosted their price target on shares of Valero Energy from $128.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, July 27th. Citigroup boosted their price target on shares of Valero Energy from $125.00 to $134.00 and gave the company a “buy” rating in a report on Friday, September 7th. Finally, Mizuho started coverage on shares of Valero Energy in a report on Wednesday, August 1st. They issued a “neutral” rating and a $125.00 price target on the stock. Fourteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $116.59.

About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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