Quantum Capital Management bought a new position in shares of Valero Energy Corporation (NYSE:VLO) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 11,920 shares of the oil and gas company’s stock, valued at approximately $917,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Cable Hill Partners LLC lifted its position in Valero Energy Corporation by 1,015.3% during the 3rd quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock worth $101,000 after acquiring an additional 1,198 shares during the last quarter. Independent Portfolio Consultants Inc. lifted its position in Valero Energy Corporation by 62.2% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock worth $109,000 after acquiring an additional 619 shares during the last quarter. First Personal Financial Services lifted its position in Valero Energy Corporation by 13.6% during the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 196 shares during the last quarter. Ffcm LLC lifted its position in Valero Energy Corporation by 189.4% during the 2nd quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock worth $128,000 after acquiring an additional 1,231 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its position in Valero Energy Corporation by 16.9% during the 2nd quarter. Manchester Capital Management LLC now owns 2,076 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 300 shares during the last quarter. 80.81% of the stock is owned by hedge funds and other institutional investors.

Shares of Valero Energy Corporation (NYSE:VLO) traded up $0.64 during mid-day trading on Friday, hitting $82.12. 4,322,500 shares of the stock were exchanged, compared to its average volume of 4,083,169. Valero Energy Corporation has a 12 month low of $60.35 and a 12 month high of $82.61. The firm has a market capitalization of $36,400.00, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.24.

Valero Energy Corporation (NYSE:VLO) last announced its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.08. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.87%. The company had revenue of $23.56 billion for the quarter, compared to analyst estimates of $19.42 billion. During the same period in the prior year, the business earned $1.24 earnings per share. Valero Energy Corporation’s quarterly revenue was up 19.9% on a year-over-year basis. equities research analysts anticipate that Valero Energy Corporation will post 4.83 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.41%. Valero Energy Corporation’s payout ratio is 60.74%.

A number of research analysts have recently commented on VLO shares. ValuEngine raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price objective on shares of Valero Energy Corporation in a research report on Thursday, August 31st. Jefferies Group LLC cut their price objective on shares of Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, August 23rd. Scotiabank set a $70.00 price objective on shares of Valero Energy Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $79.28.

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In related 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 value of $3,863,514.56. Following the transaction, the chief financial officer now directly owns 67,413 shares in the company, valued at $4,913,059.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen M. Waters sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total transaction of $102,000.00. The disclosure for this sale can be found here. Insiders have sold 58,268 shares of company stock worth $4,263,601 over the last quarter. 0.45% of the stock is owned by company insiders.

Valero Energy Corporation Profile

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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