LGT Capital Partners LTD. boosted its position in shares of Valero Energy Corporation (NYSE:VLO) by 13.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 217,893 shares of the oil and gas company’s stock after buying an additional 26,279 shares during the period. LGT Capital Partners LTD.’s holdings in Valero Energy Corporation were worth $14,699,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VLO. Wellington Shields & Co. LLC purchased a new position in Valero Energy Corporation during the second quarter worth $206,000. Regentatlantic Capital LLC boosted its position in Valero Energy Corporation by 3.5% in the second quarter. Regentatlantic Capital LLC now owns 118,164 shares of the oil and gas company’s stock worth $7,971,000 after buying an additional 3,949 shares during the period. First Midwest Bank Trust Division boosted its position in Valero Energy Corporation by 20.0% in the second quarter. First Midwest Bank Trust Division now owns 53,162 shares of the oil and gas company’s stock worth $3,586,000 after buying an additional 8,874 shares during the period. E&G Advisors LP boosted its position in Valero Energy Corporation by 50.9% in the second quarter. E&G Advisors LP now owns 8,300 shares of the oil and gas company’s stock worth $560,000 after buying an additional 2,800 shares during the period. Finally, Breton Hill Capital Ltd. boosted its position in Valero Energy Corporation by 35.8% in the second quarter. Breton Hill Capital Ltd. now owns 48,527 shares of the oil and gas company’s stock worth $3,274,000 after buying an additional 12,797 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

Valero Energy Corporation (NYSE:VLO) traded down 1.24% during mid-day trading on Wednesday, reaching $66.95. 1,701,042 shares of the company were exchanged. The stock’s 50-day moving average price is $67.37 and its 200-day moving average price is $66.14. The stock has a market capitalization of $29.94 billion, a price-to-earnings ratio of 16.55 and a beta of 1.21. Valero Energy Corporation has a 1-year low of $51.17 and a 1-year high of $71.40.

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

The company also recently announced 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. This represents a $2.80 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Monday, August 7th. Valero Energy Corporation’s dividend payout ratio is currently 69.14%.

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A number of research firms have weighed in on VLO. BidaskClub cut shares of Valero Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Scotiabank set a $70.00 price objective on shares of Valero Energy Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. Citigroup Inc. cut their price objective on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, July 17th. Standpoint Research began coverage on shares of Valero Energy Corporation in a research report on Friday, June 30th. They set an “accumulate” rating and a $84.00 price objective on the stock. Finally, Jefferies Group LLC upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and boosted their price objective for the company from $65.00 to $80.00 in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The stock 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 Valero Energy Corporation stock in a transaction dated 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 transaction, the director now directly owns 9,866 shares of the company’s stock, valued at approximately $638,132.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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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