Janney Montgomery Scott LLC boosted its position in Valero Energy Corporation (NYSE:VLO) by 41.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,267 shares of the oil and gas company’s stock after buying an additional 23,938 shares during the period. Janney Montgomery Scott LLC’s holdings in Valero Energy Corporation were worth $5,482,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the company. Tompkins Financial Corp increased its position in shares of Valero Energy Corporation by 190.3% in the first quarter. Tompkins Financial Corp now owns 1,701 shares of the oil and gas company’s stock worth $109,000 after buying an additional 1,115 shares during the last quarter. Independent Portfolio Consultants Inc. increased its position in shares of Valero Energy Corporation by 62.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock worth $109,000 after buying an additional 619 shares during the last quarter. Guardian Life Insurance Co. of America increased its position 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 buying an additional 11 shares during the last quarter. Thompson Davis & CO. Inc. purchased a new position in shares of Valero Energy Corporation during the first quarter worth approximately $127,000. Finally, Americafirst Capital Management LLC increased its position in shares of Valero Energy Corporation by 47.6% in the first quarter. Americafirst Capital Management LLC now owns 2,181 shares of the oil and gas company’s stock worth $145,000 after buying an additional 703 shares during the last quarter. Institutional investors own 79.25% of the company’s stock.

Shares of Valero Energy Corporation (NYSE:VLO) opened at 66.15 on Friday. Valero Energy Corporation has a 52 week low of $51.17 and a 52 week high of $71.40. The company has a 50-day moving average of $67.59 and a 200-day moving average of $66.16. The firm has a market capitalization of $29.22 billion, a PE ratio of 16.33 and a beta of 1.21.

Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.08 by $0.15. The firm had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. Valero Energy Corporation’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 earnings per share. On average, equities analysts forecast that Valero Energy Corporation will post $4.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 9th will be paid a $0.70 dividend. The ex-dividend date is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a yield of 4.23%. Valero Energy Corporation’s dividend payout ratio is currently 69.14%.

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A number of brokerages have commented on VLO. BidaskClub upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Citigroup Inc. cut their price objective on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, July 17th. Royal Bank Of Canada restated a “buy” rating on shares of Valero Energy Corporation in a research report on Wednesday, April 26th. Morgan Stanley downgraded shares of Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $77.00 to $70.00 in a research report on Tuesday, May 30th. Finally, ValuEngine upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $71.59.

In related news, Director Susan Kaufman Purcell sold 5,151 shares of Valero Energy Corporation stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total value of $333,166.68. Following the transaction, the director now owns 9,866 shares of the company’s stock, valued at approximately $638,132.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.45% of the company’s stock.

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.

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

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