Armor Investment Advisors LLC purchased a new position in Valero Energy Corporation (NYSE:VLO) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,955 shares of the oil and gas company’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Guardian Life Insurance Co. of America increased its stake in shares of Valero Energy Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock worth $116,000 after acquiring an additional 11 shares during the last quarter. BKD Wealth Advisors LLC increased its stake in shares of Valero Energy Corporation by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 6,542 shares of the oil and gas company’s stock worth $441,000 after acquiring an additional 24 shares during the last quarter. Brown Advisory Securities LLC increased its stake in shares of Valero Energy Corporation by 0.7% in the first quarter. Brown Advisory Securities LLC now owns 3,815 shares of the oil and gas company’s stock worth $254,000 after acquiring an additional 25 shares during the last quarter. Eads & Heald Investment Counsel increased its stake in shares of Valero Energy Corporation by 0.3% in the second quarter. Eads & Heald Investment Counsel now owns 8,420 shares of the oil and gas company’s stock worth $568,000 after acquiring an additional 25 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased its stake in shares of Valero Energy Corporation by 0.7% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 4,140 shares of the oil and gas company’s stock worth $279,000 after acquiring an additional 30 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on VLO. Cowen and Company reaffirmed a “buy” rating and issued a $90.00 price target on shares of Valero Energy Corporation in a research note on Friday. Evercore ISI upgraded shares of Valero Energy Corporation from an “in-line” rating to an “outperform” rating in a report on Thursday, November 2nd. Zacks Investment Research cut shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Macquarie reiterated a “neutral” rating on shares of Valero Energy Corporation in a report on Monday, October 23rd. They noted that the move was a valuation call. Finally, Citigroup Inc. upped their price objective on shares of Valero Energy Corporation from $68.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the stock. Valero Energy Corporation has an average rating of “Hold” and a consensus target price of $77.19.

In other news, CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the sale, the chief financial officer now directly owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen M. Waters sold 656 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $75.86, for a total transaction of $49,764.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,768 shares of company stock valued at $4,141,471. Company insiders own 0.45% of the company’s stock.

Valero Energy Corporation (NYSE VLO) traded up $0.57 during midday trading on Tuesday, hitting $81.45. 2,892,897 shares of the stock traded hands, compared to its average volume of 3,700,000. The firm has a market capitalization of $35,960.00, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.17. The company has a current ratio of 2.05, a quick ratio of 1.31 and a debt-to-equity ratio of 0.40. Valero Energy Corporation has a 12 month low of $57.57 and a 12 month high of $82.19.

Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.08. The company had revenue of $23.56 billion during the quarter, compared to analyst estimates of $19.42 billion. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.93%. The company’s revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the business posted $1.24 earnings per share. research analysts expect that Valero Energy Corporation will post 4.77 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Monday, November 20th. Valero Energy Corporation’s payout ratio is 69.31%.

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About Valero Energy Corporation

Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.

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

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