Valero Energy Corp. (NYSE:VLO) shares fell 3.1% on Wednesday . The stock traded as low as $47.38 and last traded at $48.30, with a volume of 6,029,160 shares traded. The stock had previously closed at $49.84.

Several research firms have recently weighed in on VLO. Vetr downgraded shares of Valero Energy Corp. from a “buy” rating to a “hold” rating and set a $63.26 target price on the stock. in a research report on Tuesday, April 12th. Goldman Sachs Group Inc. reissued a “top pick” rating on shares of Valero Energy Corp. in a research report on Thursday, June 30th. Zacks Investment Research downgraded shares of Valero Energy Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, April 13th. Barclays PLC dropped their target price on shares of Valero Energy Corp. from $93.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, April 8th. Finally, Wolfe Research downgraded shares of Valero Energy Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, June 20th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $73.33.

The stock has a market capitalization of $22.86 billion and a price-to-earnings ratio of 6.75. The firm has a 50 day moving average price of $53.44 and a 200 day moving average price of $60.54.

Valero Energy Corp. (NYSE:VLO) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.66 by $0.06. The firm earned $15.71 billion during the quarter, compared to the consensus estimate of $14.25 billion. The business’s revenue for the quarter was down 26.3% compared to the same quarter last year. During the same period last year, the firm earned $1.87 EPS. On average, equities analysts anticipate that Valero Energy Corp. will post $5.18 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 21st. Stockholders of record on Wednesday, May 25th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 4.93%.

Several hedge funds and institutional investors have recently bought and sold shares of the company. Jennison Associates LLC increased its position in Valero Energy Corp. by 147.3% in the fourth quarter. Jennison Associates LLC now owns 14,878 shares of the company’s stock valued at $1,052,000 after buying an additional 8,861 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Valero Energy Corp. by 6.3% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 15,780 shares of the company’s stock valued at $1,115,000 after buying an additional 937 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in Valero Energy Corp. by 72.3% in the fourth quarter. Ameritas Investment Partners Inc. now owns 16,068 shares of the company’s stock valued at $1,136,000 after buying an additional 6,741 shares during the last quarter. Eaton Vance Management increased its position in Valero Energy Corp. by 18.8% in the fourth quarter. Eaton Vance Management now owns 17,745 shares of the company’s stock valued at $1,255,000 after buying an additional 2,810 shares during the last quarter. Finally, Ifrah Financial Services Inc. increased its position in Valero Energy Corp. by 2.1% in the fourth quarter. Ifrah Financial Services Inc. now owns 17,857 shares of the company’s stock valued at $1,263,000 after buying an additional 363 shares during the last quarter.

Valero Energy Corp (Valero) is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. The Company’s refineries can produce conventional gasolines, premium gasolines, gasoline, diesel fuel, low-sulfur diesel fuel, ultra-low-sulfur diesel fuel, CARB diesel fuel, other distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products.

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