Stratos Wealth Partners LTD. raised its stake in shares of Valero Energy Corporation (NYSE:VLO) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,490 shares of the oil and gas company’s stock after buying an additional 1,209 shares during the period. Stratos Wealth Partners LTD.’s holdings in Valero Energy Corporation were worth $4,081,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Guardian Life Insurance Co. of America increased 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 worth $116,000 after buying an additional 11 shares in the last quarter. Welch & Forbes LLC increased its stake in shares of Valero Energy Corporation by 0.3% in the first quarter. Welch & Forbes LLC now owns 4,781 shares of the oil and gas company’s stock worth $317,000 after buying an additional 16 shares in the last quarter. BKD Wealth Advisors LLC increased 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 worth $441,000 after buying an additional 24 shares in the last quarter. Brown Advisory Securities LLC increased 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 worth $254,000 after buying an additional 25 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased 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 worth $279,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 78.88% of the company’s stock.

Shares of Valero Energy Corporation (NYSE:VLO) opened at 67.15 on Wednesday. The company’s 50-day moving average price is $67.64 and its 200-day moving average price is $66.13. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $71.40. The firm has a market capitalization of $29.66 billion, a PE ratio of 16.58 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.15. The business 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%. The firm’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 company posted $1.07 earnings per share. Analysts anticipate that Valero Energy Corporation will post $4.01 EPS for the current 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. This represents a $2.80 annualized dividend and a yield of 4.17%. The ex-dividend date is Monday, August 7th. Valero Energy Corporation’s payout ratio is presently 69.14%.

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A number of analysts have commented on the company. BidaskClub upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Citigroup Inc. reduced their price objective on 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 reiterated a “buy” rating on shares of Valero Energy Corporation in a research report on Wednesday, April 26th. Morgan Stanley downgraded Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $77.00 to $70.00 in a research report on Tuesday, May 30th. Finally, ValuEngine upgraded 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 given a hold rating and thirteen have assigned a buy rating to the company’s stock. Valero Energy Corporation currently 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 company’s stock in a transaction on Wednesday, June 21st. The stock was 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 directly owns 9,866 shares in the company, valued at $638,132.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is owned by corporate 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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