Lederer & Associates Investment Counsel CA purchased a new stake in Valero Energy Corporation (NYSE:VLO) during the second quarter, Holdings Channel reports. The fund purchased 15,300 shares of the oil and gas company’s stock, valued at approximately $1,032,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Americafirst Capital Management LLC boosted its position 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 worth $145,000 after buying an additional 703 shares during the last quarter. Tompkins Financial Corp boosted its position 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 worth $109,000 after buying an additional 1,115 shares during the last quarter. Atria Investments LLC boosted its position in Valero Energy Corporation by 45.2% in the first quarter. Atria Investments LLC now owns 51,117 shares of the oil and gas company’s stock worth $3,389,000 after buying an additional 15,923 shares during the last quarter. 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 last quarter. Finally, 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 last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Shares of Valero Energy Corporation (VLO) opened at 66.93 on Thursday. The company has a market cap of $29.93 billion, a price-to-earnings ratio of 16.54 and a beta of 1.21. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $71.40. The company’s 50-day moving average is $67.52 and its 200-day moving average is $66.16.

Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.15. The firm had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.58%. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 earnings per share. Equities research analysts predict 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. Stockholders of record on Wednesday, August 9th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Monday, August 7th. Valero Energy Corporation’s payout ratio is currently 69.14%.

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VLO has been the topic of a number of research analyst reports. Credit Suisse Group reiterated a “hold” rating and issued a $65.00 target price on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. 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 target price on the stock. Scotiabank set a $70.00 target price on shares of Valero Energy Corporation and gave the company a “buy” rating in a research note on Monday, June 26th. ValuEngine upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, Royal Bank Of Canada boosted their target price on shares of Valero Energy Corporation from $77.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Valero Energy Corporation presently has an average rating of “Buy” and a consensus target price of $71.59.

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