Ameritas Investment Partners Inc. reduced its stake in shares of Valero Energy Corporation (NYSE:VLO) by 3.2% during the first quarter, Holdings Channel reports. The fund owned 19,218 shares of the oil and gas company’s stock after selling 636 shares during the period. Ameritas Investment Partners Inc.’s holdings in Valero Energy Corporation were worth $1,274,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of VLO. Commerzbank Aktiengesellschaft FI boosted its stake in Valero Energy Corporation by 15.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 35,065 shares of the oil and gas company’s stock valued at $2,396,000 after buying an additional 4,712 shares during the last quarter. Comerica Bank boosted its stake in Valero Energy Corporation by 1.3% in the fourth quarter. Comerica Bank now owns 152,770 shares of the oil and gas company’s stock valued at $10,142,000 after buying an additional 2,001 shares during the last quarter. Wetherby Asset Management Inc. boosted its stake in Valero Energy Corporation by 1.7% in the fourth quarter. Wetherby Asset Management Inc. now owns 5,808 shares of the oil and gas company’s stock valued at $397,000 after buying an additional 95 shares during the last quarter. State Street Corp boosted its stake in Valero Energy Corporation by 2.1% in the fourth quarter. State Street Corp now owns 26,626,768 shares of the oil and gas company’s stock valued at $1,819,140,000 after buying an additional 549,672 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Valero Energy Corporation by 6.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 112,968 shares of the oil and gas company’s stock valued at $7,718,000 after buying an additional 6,816 shares during the last quarter. Hedge funds and other institutional investors own 80.58% of the company’s stock.

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

Valero Energy Corporation (NYSE VLO) opened at 65.80 on Friday. The company’s 50-day moving average is $64.28 and its 200-day moving average is $65.98. The firm has a market capitalization of $29.43 billion, a P/E ratio of 14.39 and a beta of 1.28. 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 issued its quarterly earnings data on Tuesday, April 25th. The oil and gas company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.08. Valero Energy Corporation had a return on equity of 8.31% and a net margin of 2.57%. The business had revenue of $21.77 billion for the quarter, compared to analysts’ expectations of $19.15 billion. During the same period last year, the business earned $0.60 EPS. The business’s revenue was up 38.6% on a year-over-year basis. Equities analysts forecast that Valero Energy Corporation will post $4.72 earnings per share 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 paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend was Monday, May 15th. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 61.54%.

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VLO has been the subject of several research reports. Credit Suisse Group restated a “hold” rating and issued a $67.00 price objective on shares of Valero Energy Corporation in a research report on Friday, March 24th. Scotiabank reiterated a “buy” rating and set a $70.00 price target on shares of Valero Energy Corporation in a research report on Monday, March 27th. 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 report on Wednesday, April 19th. Citigroup Inc. reiterated a “neutral” rating and set a $70.00 price target (up previously from $69.50) on shares of Valero Energy Corporation in a research report on Saturday, April 22nd. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Valero Energy Corporation in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average 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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