ING Groep NV lowered its stake in shares of Valero Energy Corporation (NYSE:VLO) by 3.7% during the second quarter, Holdings Channel reports. The fund owned 3,090 shares of the oil and gas company’s stock after selling 119 shares during the period. ING Groep NV’s holdings in Valero Energy Corporation were worth $208,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of VLO. 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 valued at $109,000 after buying an additional 1,115 shares during the last quarter. Independent Portfolio Consultants Inc. increased its position in shares of Valero Energy Corporation by 62.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 619 shares during the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Valero Energy Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock valued at $116,000 after buying an additional 11 shares during the last quarter. Thompson Davis & CO. Inc. bought a new position in shares of Valero Energy Corporation during the first quarter valued at $127,000. Finally, 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 valued at $145,000 after buying an additional 703 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Shares of Valero Energy Corporation (NYSE:VLO) traded down 0.08% on Friday, reaching $66.15. The company’s stock had a trading volume of 2,330,040 shares. The firm has a 50 day moving average price of $67.59 and a 200-day moving average price of $66.16. The stock has a market cap of $29.22 billion, a PE ratio of 16.33 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.

Valero Energy Corporation (NYSE:VLO) last issued its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The company’s revenue was up 13.6% compared to the same quarter last year. Equities research analysts expect that Valero Energy Corporation will post $4.01 EPS for the current year.

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

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Several brokerages have recently weighed in on VLO. BidaskClub upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Citigroup Inc. reduced their price target on Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a report on Monday, July 17th. Royal Bank Of Canada restated a “buy” rating on shares of Valero Energy Corporation in a report on Wednesday, April 26th. Morgan Stanley downgraded Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $77.00 to $70.00 in a report on Tuesday, May 30th. Finally, ValuEngine upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Valero Energy Corporation has a consensus rating of “Buy” and an average target price 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 stock was sold at an average price of $64.68, for a total value of $333,166.68. Following the sale, the director now owns 9,866 shares in the company, valued at $638,132.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.45% of the stock is owned by corporate insiders.

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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