Investors Asset Management of Georgia Inc. GA ADV continued to hold its stake in Valero Energy Corporation (NYSE:VLO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,535 shares of the oil and gas company’s stock at the end of the second quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Valero Energy Corporation were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in VLO. Bank of The West increased its position in shares of Valero Energy Corporation by 3.7% in the first quarter. Bank of The West now owns 52,969 shares of the oil and gas company’s stock worth $3,512,000 after buying an additional 1,881 shares during the period. DnB Asset Management AS increased its position in shares of Valero Energy Corporation by 20.7% in the first quarter. DnB Asset Management AS now owns 53,027 shares of the oil and gas company’s stock worth $3,515,000 after buying an additional 9,100 shares during the period. Lodestar Investment Counsel LLC IL increased its position in shares of Valero Energy Corporation by 2.4% in the first quarter. Lodestar Investment Counsel LLC IL now owns 8,515 shares of the oil and gas company’s stock worth $564,000 after buying an additional 200 shares during the period. Americafirst Capital Management LLC increased its position in shares of 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 period. Finally, Tompkins Financial Corp increased its position in shares of 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 period. Institutional investors and hedge funds own 79.25% of the company’s stock.

Shares of Valero Energy Corporation (NYSE:VLO) opened at 66.20 on Friday. The firm has a market capitalization of $29.24 billion, a P/E ratio of 16.34 and a beta of 1.21. The company has a 50-day moving average price of $67.55 and a 200-day moving average price of $66.16. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $71.40.

Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.15. The business had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. Equities analysts predict that Valero Energy Corporation will post $4.00 EPS for the current year.

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

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A number of equities analysts have weighed in on VLO shares. US Capital Advisors reissued 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 target on Valero Energy Corporation and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Valero Energy Corporation in a research report on Thursday, May 25th. Credit Suisse Group reaffirmed a “hold” rating and issued a $65.00 target price on shares of Valero Energy Corporation in a research report on Wednesday, June 21st. Finally, Scotiabank set a $70.00 target price on Valero Energy Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. One investment 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’s stock. The company 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 company’s 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 transaction, the director now directly owns 9,866 shares of the company’s stock, valued at $638,132.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate 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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