NGAM Advisors L.P. reduced its position in shares of Valero Energy Corporation (NYSE:VLO) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,691 shares of the oil and gas company’s stock after selling 553 shares during the period. NGAM Advisors L.P.’s holdings in Valero Energy Corporation were worth $2,138,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in VLO. Courier Capital LLC raised its stake in shares of Valero Energy Corporation by 1.0% in the first quarter. Courier Capital LLC now owns 40,612 shares of the oil and gas company’s stock worth $2,692,000 after buying an additional 385 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Valero Energy Corporation by 12.6% in the first quarter. Nisa Investment Advisors LLC now owns 185,138 shares of the oil and gas company’s stock worth $12,274,000 after buying an additional 20,740 shares during the period. NewSquare Capital LLC increased its position in Valero Energy Corporation by 13.9% in the first quarter. NewSquare Capital LLC now owns 17,247 shares of the oil and gas company’s stock worth $1,143,000 after buying an additional 2,108 shares during the period. Everence Capital Management Inc. increased its position in Valero Energy Corporation by 25.9% in the first quarter. Everence Capital Management Inc. now owns 11,900 shares of the oil and gas company’s stock worth $789,000 after buying an additional 2,450 shares during the period. Finally, Coastline Trust Co increased its position in Valero Energy Corporation by 4.1% in the first quarter. Coastline Trust Co now owns 49,495 shares of the oil and gas company’s stock worth $3,281,000 after buying an additional 1,950 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

Shares of Valero Energy Corporation (NYSE VLO) opened at 66.15 on Friday. The stock has a 50 day moving average of $67.59 and a 200 day moving average of $66.16. The firm has a market cap of $29.22 billion, a PE ratio of 16.33 and a beta of 1.21. Valero Energy Corporation has a 1-year low of $51.17 and a 1-year high of $71.40.

Valero Energy Corporation (NYSE:VLO) last released its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The firm had revenue of $22.25 billion during the quarter, compared to analyst estimates of $19.32 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities research analysts anticipate that Valero Energy Corporation will post $4.01 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.80 annualized dividend and a yield of 4.23%. Valero Energy Corporation’s payout ratio is 69.14%.

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A number of research analysts recently commented on the stock. BidaskClub raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Citigroup Inc. dropped their target price on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, July 17th. Royal Bank Of Canada reaffirmed 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 dropped their target price for the company from $77.00 to $70.00 in a research report on Tuesday, May 30th. Finally, ValuEngine raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. Valero Energy Corporation presently has a consensus rating of “Buy” and a consensus target price of $71.59.

In other Valero Energy Corporation news, Director Susan Kaufman Purcell sold 5,151 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total transaction of $333,166.68. Following the completion of the sale, the director now owns 9,866 shares in the company, valued at $638,132.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.45% of the stock is owned by insiders.

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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