Ropes Wealth Advisors LLC grew its holdings in Valero Energy Corporation (NYSE:VLO) by 24.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,162 shares of the oil and gas company’s stock after purchasing an additional 1,006 shares during the quarter. Ropes Wealth Advisors LLC’s holdings in Valero Energy Corporation were worth $348,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Guardian Life Insurance Co. of America boosted 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 valued at $116,000 after purchasing an additional 11 shares during the period. BKD Wealth Advisors LLC boosted 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 valued at $441,000 after purchasing an additional 24 shares during the period. Brown Advisory Securities LLC boosted 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 valued at $254,000 after purchasing an additional 25 shares during the period. Eads & Heald Investment Counsel boosted 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 valued at $568,000 after purchasing an additional 25 shares during the period. Finally, Ferguson Wellman Capital Management Inc. boosted 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 valued at $279,000 after purchasing an additional 30 shares during the period. 80.69% of the stock is owned by institutional investors and hedge funds.

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In other news, Director Stephen M. Waters sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total transaction of $102,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Valero Energy Corporation (NYSE VLO) traded up 0.67% during mid-day trading on Monday, reaching $74.79. 404,450 shares of the company’s stock were exchanged. The company has a market capitalization of $33.03 billion, a P/E ratio of 18.46 and a beta of 1.19. The company’s 50 day moving average price is $68.09 and its 200-day moving average price is $66.42. Valero Energy Corporation has a 52 week low of $51.17 and a 52 week high of $74.99.

Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.15. The firm had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $19.32 billion. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. Valero Energy Corporation’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 EPS. On average, equities research analysts expect that Valero Energy Corporation will post $4.36 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Monday, August 7th. Valero Energy Corporation’s dividend payout ratio (DPR) is currently 69.14%.

Several research analysts have recently commented on VLO shares. Royal Bank Of Canada reissued a “buy” rating and issued a $77.00 price objective on shares of Valero Energy Corporation in a research note on Thursday, August 31st. Credit Suisse Group reissued a “hold” rating and issued a $65.00 price objective on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Morgan Stanley lowered shares of Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $77.00 to $70.00 in a research note on Tuesday, May 30th. BidaskClub lowered shares of Valero Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Scotiabank set a $70.00 price objective on shares of Valero Energy Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $73.09.

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

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