Hartford Investment Management Co. reduced its stake in Valero Energy Corporation (NYSE:VLO) by 2.8% during the second quarter, Holdings Channel reports. The institutional investor owned 120,601 shares of the oil and gas company’s stock after selling 3,515 shares during the period. Hartford Investment Management Co.’s holdings in Valero Energy Corporation were worth $8,136,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Tompkins Financial Corp increased its stake in Valero Energy Corporation by 190.3% in the first quarter. Tompkins Financial Corp now owns 1,701 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 1,115 shares in the last quarter. Independent Portfolio Consultants Inc. increased its stake in Valero Energy Corporation by 62.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 619 shares in the last quarter. Guardian Life Insurance Co. of America increased 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. Thompson Davis & CO. Inc. acquired a new stake in Valero Energy Corporation during the first quarter valued at $127,000. Finally, Americafirst Capital Management LLC increased its stake in Valero Energy Corporation by 47.6% in the first quarter. Americafirst Capital Management LLC now owns 2,181 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 703 shares in the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.

Shares of Valero Energy Corporation (NYSE:VLO) traded down 1.22% during trading on Wednesday, hitting $66.96. 1,702,869 shares of the company traded hands. Valero Energy Corporation has a 52 week low of $51.17 and a 52 week high of $71.40. The company has a market capitalization of $29.95 billion, a price-to-earnings ratio of 16.55 and a beta of 1.21. The company has a 50 day moving average price of $67.37 and a 200 day moving average price of $66.14.

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 analysts’ consensus estimates of $1.08 by $0.15. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.58%. The company had revenue of $22.25 billion during the quarter, compared to analyst estimates of $19.32 billion. During the same quarter last year, the business posted $1.07 EPS. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, analysts expect 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. Investors of record on Wednesday, August 9th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a yield of 4.13%. Valero Energy Corporation’s payout ratio is 69.14%.

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VLO has been the subject of several recent research reports. Standpoint Research initiated coverage on shares of Valero Energy Corporation in a research note on Friday, June 30th. They issued an “accumulate” rating and a $84.00 price target for the company. Scotiabank set a $70.00 price target on shares of Valero Energy Corporation and gave the stock a “buy” rating in a research note on Monday, June 26th. Jefferies Group LLC raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and boosted their price target for the stock from $65.00 to $80.00 in a research note on Thursday, June 22nd. Royal Bank Of Canada reissued a “buy” rating on shares of Valero Energy Corporation in a research note on Wednesday, April 26th. Finally, ValuEngine raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $71.59.

In related news, Director Susan Kaufman Purcell sold 5,151 shares of Valero Energy Corporation stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total transaction of $333,166.68. Following the completion of the sale, the director now owns 9,866 shares in the company, valued at approximately $638,132.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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.

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

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