Concorde Asset Management LLC decreased its stake in shares of Valero Energy Corporation (NYSE:VLO) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 4,183 shares of the oil and gas company’s stock after selling 3 shares during the period. Concorde Asset Management LLC’s holdings in Valero Energy Corporation were worth $283,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in VLO. Guardian Life Insurance Co. of America raised its stake in Valero Energy Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock valued at $116,000 after buying an additional 11 shares in the last quarter. Welch & Forbes LLC raised its stake in Valero Energy Corporation by 0.3% in the first quarter. Welch & Forbes LLC now owns 4,781 shares of the oil and gas company’s stock valued at $317,000 after buying an additional 16 shares in the last quarter. BKD Wealth Advisors LLC raised its stake in Valero Energy Corporation by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 6,542 shares of the oil and gas company’s stock valued at $441,000 after buying an additional 24 shares in the last quarter. Brown Advisory Securities LLC raised its stake in Valero Energy Corporation by 0.7% in the first quarter. Brown Advisory Securities LLC now owns 3,815 shares of the oil and gas company’s stock valued at $254,000 after buying an additional 25 shares in the last quarter. Finally, First Interstate Bank raised its stake in Valero Energy Corporation by 0.4% in the first quarter. First Interstate Bank now owns 8,587 shares of the oil and gas company’s stock valued at $569,000 after buying an additional 35 shares in the last quarter. 79.03% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Corporation (VLO) traded down 0.94% during mid-day trading on Monday, reaching $67.40. The company’s stock had a trading volume of 2,475,730 shares. The firm’s 50 day moving average price is $64.50 and its 200 day moving average price is $66.08. Valero Energy Corporation has a 12-month low of $49.26 and a 12-month high of $71.40. The stock has a market cap of $30.14 billion, a price-to-earnings ratio of 14.74 and a beta of 1.22.

Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings results on Tuesday, April 25th. The oil and gas company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.08. Valero Energy Corporation had a return on equity of 8.31% and a net margin of 2.57%. The business had revenue of $21.77 billion for the quarter, compared to analyst estimates of $19.15 billion. During the same quarter in the prior year, the company posted $0.60 EPS. The company’s quarterly revenue was up 38.6% on a year-over-year basis. On average, equities analysts predict that Valero Energy Corporation will post $4.35 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Valero Energy Corporation (NYSE:VLO) Shares Sold by Concorde Asset Management LLC” was first posted by Daily Political and is the property of of Daily Political. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.dailypolitical.com/2017/07/17/valero-energy-corporation-nysevlo-shares-sold-by-concorde-asset-management-llc.html.

Several equities research analysts recently issued reports on VLO shares. Credit Suisse Group reissued a “hold” rating and issued a $67.00 target price on shares of Valero Energy Corporation in a report on Friday, March 24th. US Capital Advisors restated an “overweight” rating on shares of Valero Energy Corporation in a research note on Monday, May 22nd. Jefferies Group LLC set a $65.00 price target on Valero Energy Corporation and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Piper Jaffray Companies restated a “neutral” rating on shares of Valero Energy Corporation in a research note on Thursday, May 25th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $70.00 price target (up from $69.50) on shares of Valero Energy Corporation in a research note on Saturday, April 22nd. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Valero Energy Corporation currently has a consensus rating of “Buy” and a consensus price target of $71.71.

In other news, Director Susan Kaufman Purcell sold 5,151 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total value of $333,166.68. Following the transaction, the director now owns 9,866 shares of the company’s stock, valued at approximately $638,132.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate 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.

Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Corporation (NYSE:VLO).

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

Receive News & Ratings for Valero Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.