Raymond James Financial Services Advisors Inc. increased its stake in shares of Valero Energy Corporation (NYSE:VLO) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,345 shares of the oil and gas company’s stock after buying an additional 3,377 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Valero Energy Corporation were worth $7,713,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VLO. Tompkins Financial Corp raised 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 valued at $109,000 after buying an additional 1,115 shares during the period. Thompson Davis & CO. Inc. acquired a new position in shares of Valero Energy Corporation during the first quarter valued at approximately $127,000. Americafirst Capital Management LLC raised 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 valued at $145,000 after buying an additional 703 shares during the period. WFG Advisors LP raised its position in shares of Valero Energy Corporation by 766.8% in the fourth quarter. WFG Advisors LP now owns 16,600 shares of the oil and gas company’s stock valued at $155,000 after buying an additional 14,685 shares during the period. Finally, Advantage Investment Management LLC acquired a new position in shares of Valero Energy Corporation during the fourth quarter valued at approximately $167,000. Hedge funds and other institutional investors own 80.58% of the company’s stock.

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

Shares of Valero Energy Corporation (NYSE VLO) opened at 65.80 on Friday. The company has a market capitalization of $29.43 billion, a P/E ratio of 14.39 and a beta of 1.28. The firm has a 50-day moving average of $64.28 and a 200-day moving average of $65.98. Valero Energy Corporation has a one year low of $46.88 and a one year high of $71.40.

Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings data on Tuesday, April 25th. The oil and gas company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.08. Valero Energy Corporation had a net margin of 2.57% and a return on equity of 8.31%. The firm had revenue of $21.77 billion for the quarter, compared to the consensus estimate of $19.15 billion. During the same period in the previous year, the company earned $0.60 earnings per share. The company’s quarterly revenue was up 38.6% on a year-over-year basis. Equities research analysts expect that Valero Energy Corporation will post $4.72 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 7th. Shareholders of record on Wednesday, May 17th were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $2.80 annualized dividend and a dividend yield of 4.26%. Valero Energy Corporation’s dividend payout ratio is currently 61.54%.

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Several research analysts have recently commented on VLO shares. Royal Bank Of Canada restated a “buy” rating on shares of Valero Energy Corporation in a research note on Wednesday, April 26th. Scotiabank restated a “buy” rating and set a $70.00 price target on shares of Valero Energy Corporation in a research note on Monday, March 27th. ValuEngine upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Morgan Stanley lowered shares of Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $77.00 to $70.00 in a research note on Tuesday, May 30th. Finally, Jefferies Group LLC set a $65.00 price target on shares of Valero Energy Corporation and gave the stock a “hold” rating in a research note on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Valero Energy Corporation currently has an average rating of “Buy” and a consensus price target of $70.02.

Valero Energy Corporation Company 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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