Bowling Portfolio Management LLC reduced its stake in Valero Energy Corporation (NYSE:VLO) by 0.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 66,332 shares of the oil and gas company’s stock after selling 36 shares during the period. Valero Energy Corporation makes up 0.7% of Bowling Portfolio Management LLC’s investment portfolio, making the stock its 29th largest position. Bowling Portfolio Management LLC’s holdings in Valero Energy Corporation were worth $4,475,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its position in Valero Energy Corporation by 2,578.1% in the first quarter. BlackRock Inc. now owns 38,217,393 shares of the oil and gas company’s stock valued at $2,533,433,000 after buying an additional 36,790,343 shares during the period. Vanguard Group Inc. boosted its position in Valero Energy Corporation by 2.5% in the first quarter. Vanguard Group Inc. now owns 33,405,279 shares of the oil and gas company’s stock valued at $2,214,436,000 after buying an additional 827,661 shares during the period. LSV Asset Management boosted its position in Valero Energy Corporation by 6.3% in the first quarter. LSV Asset Management now owns 8,710,850 shares of the oil and gas company’s stock valued at $577,442,000 after buying an additional 514,850 shares during the period. American International Group Inc. boosted its position in Valero Energy Corporation by 1.4% in the first quarter. American International Group Inc. now owns 7,539,695 shares of the oil and gas company’s stock valued at $499,806,000 after buying an additional 102,794 shares during the period. Finally, APG Asset Management N.V. boosted its position in Valero Energy Corporation by 1.9% in the second quarter. APG Asset Management N.V. now owns 5,103,965 shares of the oil and gas company’s stock valued at $344,313,000 after buying an additional 97,550 shares during the period. Institutional investors own 79.25% of the company’s stock.

Shares of Valero Energy Corporation (NYSE:VLO) opened at 66.20 on Friday. Valero Energy Corporation has a 1-year low of $51.17 and a 1-year high of $71.40. The stock has a market cap of $29.24 billion, a price-to-earnings ratio of 16.34 and a beta of 1.21. The stock’s 50 day moving average price is $67.55 and its 200-day moving average price 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, topping the Zacks’ consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The business had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter in the previous year, the company posted $1.07 EPS. The company’s revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts forecast that Valero Energy Corporation will post $4.00 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Monday, August 7th. Valero Energy Corporation’s payout ratio is 69.14%.

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Several research analysts recently weighed in on VLO shares. US Capital Advisors restated an “overweight” rating on shares of Valero Energy Corporation in a research report on Monday, May 22nd. Jefferies Group LLC set a $65.00 price objective on shares of Valero Energy Corporation and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Piper Jaffray Companies restated a “neutral” rating on shares of Valero Energy Corporation in a research report on Thursday, May 25th. Credit Suisse Group restated a “hold” rating and issued a $65.00 price objective on shares of Valero Energy Corporation in a research report on Wednesday, June 21st. Finally, Scotiabank set a $70.00 price objective on shares of Valero Energy Corporation and gave the stock a “buy” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $71.59.

In other 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 transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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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