Regentatlantic Capital LLC increased its position in Valero Energy Corporation (NYSE:VLO) by 3.5% during the second quarter, Holdings Channel reports. The firm owned 118,164 shares of the oil and gas company’s stock after buying an additional 3,949 shares during the period. Regentatlantic Capital LLC’s holdings in Valero Energy Corporation were worth $7,971,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BKD Wealth Advisors LLC boosted its position in Valero Energy Corporation by 122.8% in the first quarter. BKD Wealth Advisors LLC now owns 6,518 shares of the oil and gas company’s stock worth $432,000 after buying an additional 3,593 shares during the period. Visionary Asset Management Inc. boosted its position in Valero Energy Corporation by 3.0% in the first quarter. Visionary Asset Management Inc. now owns 49,951 shares of the oil and gas company’s stock worth $3,311,000 after buying an additional 1,444 shares during the period. Capstone Asset Management Co. boosted its position in Valero Energy Corporation by 170.5% in the first quarter. Capstone Asset Management Co. now owns 191,497 shares of the oil and gas company’s stock worth $12,694,000 after buying an additional 120,700 shares during the period. Spirit of America Management Corp NY boosted its position in Valero Energy Corporation by 2.4% in the first quarter. Spirit of America Management Corp NY now owns 63,350 shares of the oil and gas company’s stock worth $4,199,000 after buying an additional 1,500 shares during the period. Finally, Gradient Investments LLC boosted its position in Valero Energy Corporation by 4.3% in the first quarter. Gradient Investments LLC now owns 96,661 shares of the oil and gas company’s stock worth $6,408,000 after buying an additional 3,953 shares during the period. 79.25% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Corporation (NYSE VLO) traded up 0.74% during mid-day trading on Monday, reaching $68.33. 1,257,621 shares of the company’s stock were exchanged. The stock has a market cap of $30.56 billion, a price-to-earnings ratio of 16.89 and a beta of 1.21. Valero Energy Corporation has a one year low of $51.17 and a one year high of $71.40. The stock has a 50-day moving average of $67.10 and a 200-day moving average of $66.09.

Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.58% and a net margin of 2.17%. The firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. The business’s revenue was up 13.6% on a year-over-year basis. On average, equities research analysts anticipate that Valero Energy Corporation will post $4.00 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be given a $0.70 dividend. The ex-dividend date is Monday, August 7th. This represents a $2.80 annualized dividend and a yield of 4.09%. Valero Energy Corporation’s payout ratio is currently 69.14%.

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A number of research analysts have recently commented on the stock. BidaskClub cut shares of Valero Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Scotiabank set a $70.00 target price on shares of Valero Energy Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. Citigroup Inc. dropped their target price on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a report on Monday, July 17th. Standpoint Research assumed coverage on shares of Valero Energy Corporation in a report on Friday, June 30th. They issued an “accumulate” rating and a $84.00 target price for the company. Finally, Royal Bank Of Canada increased their target price on shares of Valero Energy Corporation from $77.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Valero Energy Corporation currently has a consensus rating of “Buy” and an average price target of $71.59.

In other Valero Energy Corporation news, Director Susan Kaufman Purcell sold 5,151 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 9,866 shares in the company, valued at $638,132.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.45% of the company’s stock.

About Valero Energy Corporation

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.

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

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