Moody National Bank Trust Division held its stake in Valero Energy Corporation (NYSE:VLO) during the second quarter, Holdings Channel reports. The fund owned 3,436 shares of the oil and gas company’s stock at the end of the second quarter. Moody National Bank Trust Division’s holdings in Valero Energy Corporation were worth $232,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America increased its stake in 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 worth $116,000 after buying an additional 11 shares during the period. Welch & Forbes LLC increased its stake in Valero Energy Corporation by 0.3% in the first quarter. Welch & Forbes LLC now owns 4,781 shares of the oil and gas company’s stock worth $317,000 after buying an additional 16 shares during the period. BKD Wealth Advisors LLC increased its stake in Valero Energy Corporation by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 6,542 shares of the oil and gas company’s stock worth $441,000 after buying an additional 24 shares during the period. Brown Advisory Securities LLC increased its stake in Valero Energy Corporation by 0.7% in the first quarter. Brown Advisory Securities LLC now owns 3,815 shares of the oil and gas company’s stock worth $254,000 after buying an additional 25 shares during the period. Finally, Ferguson Wellman Capital Management Inc. increased its stake in Valero Energy Corporation by 0.7% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 4,140 shares of the oil and gas company’s stock worth $279,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Shares of Valero Energy Corporation (NYSE VLO) opened at 66.15 on Friday. The firm’s 50-day moving average is $67.59 and its 200 day moving average is $66.16. The firm has a market capitalization of $29.22 billion, a P/E 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.

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 analysts’ consensus estimates of $1.08 by $0.15. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The firm had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $19.32 billion. During the same period last year, the firm earned $1.07 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities research analysts forecast that Valero Energy Corporation will post $4.01 EPS for the current fiscal year.

The firm 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. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a yield of 4.23%. Valero Energy Corporation’s payout ratio is presently 69.14%.

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A number of research firms have weighed in on VLO. Goldman Sachs Group, Inc. (The) downgraded Valero Energy Corporation from a “buy” rating to a “neutral” rating and upped their target price for the stock from $65.55 to $73.00 in a research report on Tuesday, May 16th. BidaskClub upgraded Valero Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Jefferies Group LLC upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating and upped their target price for the stock from $65.00 to $80.00 in a research report on Thursday, June 22nd. Citigroup Inc. cut their target price on Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, July 17th. Finally, US Capital Advisors restated an “overweight” rating on shares of Valero Energy Corporation in a research report on Monday, May 22nd. One 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. Valero Energy Corporation has an average rating of “Buy” and a consensus target price of $71.59.

In other Valero Energy Corporation news, Director Susan Kaufman Purcell sold 5,151 shares of the firm’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 of the company’s stock, valued at $638,132.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.45% of the stock is currently owned by company insiders.

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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