Spark Investment Management LLC purchased a new position in shares of Valero Energy Corporation (NYSE:VLO) during the second quarter, according to its most recent filing with the SEC. The firm purchased 78,400 shares of the oil and gas company’s stock, valued at approximately $5,288,000.

Other hedge funds have also recently made changes to their positions in the company. Great West Life Assurance Co. Can boosted its stake in shares of Valero Energy Corporation by 44.3% in the second quarter. Great West Life Assurance Co. Can now owns 1,408,273 shares of the oil and gas company’s stock worth $94,877,000 after buying an additional 432,669 shares in the last quarter. Eagle Global Advisors LLC purchased a new stake in shares of Valero Energy Corporation during the second quarter worth approximately $255,000. Janney Montgomery Scott LLC boosted its stake in shares of Valero Energy Corporation by 41.8% in the second quarter. Janney Montgomery Scott LLC now owns 81,267 shares of the oil and gas company’s stock worth $5,482,000 after buying an additional 23,938 shares in the last quarter. DT Investment Partners LLC boosted its stake in shares of Valero Energy Corporation by 15.8% in the second quarter. DT Investment Partners LLC now owns 26,248 shares of the oil and gas company’s stock worth $1,771,000 after buying an additional 3,590 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its stake in shares of Valero Energy Corporation by 6,236.6% in the second quarter. Harbour Capital Advisors LLC now owns 1,226,760 shares of the oil and gas company’s stock worth $18,185,000 after buying an additional 1,207,400 shares in the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Valero Energy Corporation (NYSE VLO) opened at 66.15 on Friday. The company has a market capitalization of $29.22 billion, a price-to-earnings ratio of 16.33 and a beta of 1.21. Valero Energy Corporation has a 52-week low of $51.17 and a 52-week high of $71.40. The company’s 50-day moving average is $67.59 and its 200-day moving average is $66.16.

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 (EPS) for the quarter, beating 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 analysts’ expectations of $19.32 billion. During the same period in the previous year, the business posted $1.07 EPS. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, analysts expect that Valero Energy Corporation will post $4.01 earnings per share for the current fiscal year.

The business also recently declared 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 4.23%. The ex-dividend date is Monday, August 7th. Valero Energy Corporation’s dividend payout ratio is presently 69.14%.

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A number of analysts have commented on the stock. BidaskClub cut shares of Valero Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Scotiabank set a $70.00 price target on shares of Valero Energy Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. Citigroup Inc. cut their price target on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, July 17th. Standpoint Research assumed 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. Finally, Jefferies Group LLC upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and increased their price target for the company from $65.00 to $80.00 in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $71.59.

In related news, Director Susan Kaufman Purcell sold 5,151 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total value of $333,166.68. Following the transaction, the director now directly owns 9,866 shares in the company, valued at $638,132.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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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