Gulf International Bank UK Ltd maintained its position in shares of Valero Energy Corp. (NYSE:VLO) during the third quarter, Holdings Channel reports. The institutional investor owned 146,567 shares of the company’s stock at the end of the third quarter. Gulf International Bank UK Ltd’s holdings in Valero Energy Corp. were worth $7,768,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Security National Trust Co. raised its position in shares of Valero Energy Corp. by 4.8% in the second quarter. Security National Trust Co. now owns 2,347 shares of the company’s stock worth $119,000 after buying an additional 107 shares during the period. Amica Retiree Medical Trust acquired a new position in shares of Valero Energy Corp. during the second quarter worth about $137,000. Point72 Asia Hong Kong Ltd raised its position in shares of Valero Energy Corp. by 554.3% in the second quarter. Point72 Asia Hong Kong Ltd now owns 2,951 shares of the company’s stock worth $151,000 after buying an additional 2,500 shares during the period. Sandy Spring Bank raised its position in shares of Valero Energy Corp. by 33.2% in the second quarter. Sandy Spring Bank now owns 2,967 shares of the company’s stock worth $152,000 after buying an additional 740 shares during the period. Finally, Smithfield Trust Co. raised its position in shares of Valero Energy Corp. by 4.5% in the second quarter. Smithfield Trust Co. now owns 3,199 shares of the company’s stock worth $163,000 after buying an additional 137 shares during the period. Institutional investors own 77.49% of the company’s stock.

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

Valero Energy Corp. (NYSE:VLO) traded down 3.15% during mid-day trading on Wednesday, reaching $61.76. The company’s stock had a trading volume of 7,615,732 shares. Valero Energy Corp. has a 1-year low of $46.88 and a 1-year high of $73.70. The firm has a market capitalization of $27.96 billion, a price-to-earnings ratio of 13.10 and a beta of 1.45. The firm has a 50-day moving average of $59.28 and a 200 day moving average of $54.96.

Valero Energy Corp. (NYSE:VLO) last released its quarterly earnings results on Tuesday, October 25th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.31. Valero Energy Corp. had a return on equity of 10.40% and a net margin of 3.01%. The company earned $19.65 billion during the quarter, compared to analysts’ expectations of $19.49 billion. During the same quarter in the prior year, the business posted $2.79 earnings per share. The company’s revenue for the quarter was down 13.0% compared to the same quarter last year. Equities analysts expect that Valero Energy Corp. will post $3.71 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Tuesday, November 22nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, November 18th. This represents a $2.40 annualized dividend and a dividend yield of 3.76%. Valero Energy Corp.’s payout ratio is 50.74%.

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A number of equities analysts have recently issued reports on VLO shares. Vetr upgraded shares of Valero Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $63.15 target price on the stock in a research report on Wednesday, August 31st. Citigroup Inc. raised their target price on shares of Valero Energy Corp. from $58.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, October 19th. Jefferies Group initiated coverage on shares of Valero Energy Corp. in a research report on Tuesday, August 23rd. They set a “buy” rating and a $66.00 target price on the stock. Howard Weil lifted their price objective on shares of Valero Energy Corp. from $58.00 to $62.00 and gave the company a “sector outperform” rating in a research report on Wednesday, October 26th. Finally, Piper Jaffray Cos. lifted their price objective on shares of Valero Energy Corp. from $48.00 to $54.00 and gave the company a “neutral” rating in a research report on Monday, August 22nd. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Valero Energy Corp. has an average rating of “Buy” and an average target price of $68.91.

Valero Energy Corp. Company Profile

Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland.

5 Day Chart for NYSE:VLO

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