Retirement Systems of Alabama lowered its position in Valero Energy Corporation (NYSE:VLO) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 216,842 shares of the oil and gas company’s stock after selling 1,187 shares during the period. Retirement Systems of Alabama’s holdings in Valero Energy Corporation were worth $14,628,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Tompkins Financial Corp increased 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 worth $109,000 after buying an additional 1,115 shares in the last quarter. Americafirst Capital Management LLC boosted 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 worth $145,000 after buying an additional 703 shares during the last quarter. Lodestar Investment Counsel LLC IL boosted its position in shares of Valero Energy Corporation by 2.4% in the first quarter. Lodestar Investment Counsel LLC IL now owns 8,515 shares of the oil and gas company’s stock worth $564,000 after buying an additional 200 shares during the last quarter. DnB Asset Management AS boosted its position in shares of Valero Energy Corporation by 20.7% in the first quarter. DnB Asset Management AS now owns 53,027 shares of the oil and gas company’s stock worth $3,515,000 after buying an additional 9,100 shares during the last quarter. Finally, Bank of The West boosted its position in shares of Valero Energy Corporation by 3.7% in the first quarter. Bank of The West now owns 52,969 shares of the oil and gas company’s stock worth $3,512,000 after buying an additional 1,881 shares during the last quarter. Institutional investors own 78.88% of the company’s stock.

Shares of Valero Energy Corporation (NYSE VLO) opened at 67.15 on Wednesday. The stock has a market capitalization of $29.66 billion, a PE ratio of 16.58 and a beta of 1.21. The company’s 50-day moving average is $67.64 and its 200-day moving average is $66.13. Valero Energy Corporation has a 12 month low of $51.17 and a 12 month high of $71.40.

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, beating analysts’ consensus estimates of $1.08 by $0.15. The business had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. Valero Energy Corporation’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 EPS. Equities research analysts expect that Valero Energy Corporation will post $4.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be given a $0.70 dividend. The ex-dividend date is Monday, August 7th. This represents a $2.80 annualized dividend and a yield of 4.17%. Valero Energy Corporation’s dividend payout ratio is 69.14%.

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VLO has been the subject of several recent research reports. Standpoint Research initiated coverage on Valero Energy Corporation in a report on Friday, June 30th. They issued an “accumulate” rating and a $84.00 price target for the company. Scotiabank set a $70.00 price objective on Valero Energy Corporation and gave the stock a “buy” rating in a research report on Monday, June 26th. Jefferies Group LLC upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $65.00 to $80.00 in a research report on Thursday, June 22nd. Royal Bank Of Canada restated a “buy” rating on shares of Valero Energy Corporation in a research report on Wednesday, April 26th. Finally, ValuEngine upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $71.59.

In other Valero Energy Corporation news, Director Susan Kaufman Purcell sold 5,151 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total value of $333,166.68. Following the sale, the director now directly owns 9,866 shares in the company, valued at approximately $638,132.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.45% of the company’s stock.

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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