Aberdeen Asset Management PLC UK boosted its stake in shares of Valero Energy Corporation (NYSE:VLO) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 776,394 shares of the company’s stock after buying an additional 32,885 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Valero Energy Corporation were worth $53,043,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new position in Valero Energy Corporation during the third quarter valued at approximately $125,000. Chicago Partners Investment Group LLC purchased a new position in Valero Energy Corporation during the third quarter valued at approximately $132,000. Oakworth Capital Inc. increased its position in Valero Energy Corporation by 3.3% in the third quarter. Oakworth Capital Inc. now owns 2,684 shares of the company’s stock valued at $142,000 after buying an additional 85 shares in the last quarter. SRB Corp increased its position in Valero Energy Corporation by 10.9% in the third quarter. SRB Corp now owns 2,847 shares of the company’s stock valued at $151,000 after buying an additional 280 shares in the last quarter. Finally, Smithfield Trust Co. increased its position in Valero Energy Corporation by 4.5% in the second quarter. Smithfield Trust Co. now owns 3,199 shares of the company’s stock valued at $163,000 after buying an additional 137 shares in the last quarter. 78.06% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Valero Energy Corporation (NYSE:VLO) opened at 66.60 on Friday. The company’s 50 day moving average price is $66.97 and its 200-day moving average price is $60.62. Valero Energy Corporation has a 12 month low of $46.88 and a 12 month high of $71.40. The firm has a market capitalization of $30.15 billion, a P/E ratio of 13.48 and a beta of 1.38.

Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings results on Tuesday, January 31st. The company reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.04. Valero Energy Corporation had a return on equity of 8.08% and a net margin of 3.03%. The firm had revenue of $20.71 billion for the quarter, compared to the consensus estimate of $17.42 billion. During the same period in the previous year, the business earned $1.79 earnings per share. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, equities analysts predict that Valero Energy Corporation will post $5.26 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 7th. Investors of record on Wednesday, February 15th will be paid a $0.70 dividend. The ex-dividend date is Monday, February 13th. This is an increase from Valero Energy Corporation’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.20%. Valero Energy Corporation’s payout ratio is 56.91%.

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Several research analysts recently commented on the company. Morgan Stanley downgraded Valero Energy Corporation to a “hold” rating in a research note on Sunday, January 8th. Zacks Investment Research raised Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Friday, December 9th. Vetr downgraded Valero Energy Corporation from a “buy” rating to a “hold” rating and set a $65.26 price objective for the company. in a research note on Tuesday, December 6th. Citigroup Inc. downgraded Valero Energy Corporation from a “buy” rating to a “neutral” rating and set a $69.50 price objective for the company. in a research note on Tuesday, January 17th. Finally, TheStreet downgraded Valero Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 25th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $67.74.

In related news, insider Joseph W. Gorder sold 39,057 shares of Valero Energy Corporation stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $67.85, for a total value of $2,650,017.45. Following the sale, the insider now directly owns 364,377 shares in the company, valued at $24,722,979.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.40% of the stock is owned by insiders.

About Valero Energy Corporation

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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