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

A number of research analysts have issued reports on the company. Vetr cut 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. reiterated a “top pick” rating on shares of Valero Energy Corp. in a research report on Thursday, June 30th. Zacks Investment Research cut Valero Energy Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, April 13th. Barclays PLC decreased their target price on 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 cut Valero Energy Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, June 20th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Valero Energy Corp. has a consensus rating of “Buy” and a consensus target price of $73.33.

The company’s 50 day moving average is $52.97 and its 200-day moving average is $60.35. The stock has a market capitalization of $22.49 billion and a PE ratio of 6.646.

Valero Energy Corp. (NYSE:VLO) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.66 by $0.06. During the same quarter in the previous year, the business earned $1.87 EPS. The firm earned $15.71 billion during the quarter, compared to analysts’ expectations of $14.25 billion. The company’s revenue was down 26.3% on a year-over-year basis. Analysts expect that Valero Energy Corp. will post $5.18 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 21st. Stockholders of record on Wednesday, May 25th were given a dividend of $0.60 per share. The ex-dividend date was Monday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 5.08%.

Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Valero Energy Corp. by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,925,563 shares of the company’s stock valued at $419,027,000 after buying an additional 121,864 shares during the period. Morgan Stanley raised its position in shares of Valero Energy Corp. by 11.6% in the fourth quarter. Morgan Stanley now owns 5,102,332 shares of the company’s stock valued at $360,784,000 after buying an additional 530,969 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Valero Energy Corp. by 16.2% in the fourth quarter. Wells Fargo & Company MN now owns 2,213,275 shares of the company’s stock valued at $156,501,000 after buying an additional 308,624 shares in the last quarter. Winton Capital Group Ltd boosted its stake in shares of Valero Energy Corp. by 41.0% in the fourth quarter. Winton Capital Group Ltd now owns 1,935,778 shares of the company’s stock valued at $136,879,000 after buying an additional 562,513 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Valero Energy Corp. by 19.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,770,939 shares of the company’s stock valued at $125,222,000 after buying an additional 290,574 shares in 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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