Public Sector Pension investment Board lowered its position in shares of Valero Energy Corporation (NYSE:VLO) by 50.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,989 shares of the oil and gas company’s stock after selling 51,800 shares during the period. Public Sector Pension investment Board’s holdings in Valero Energy Corporation were worth $3,440,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Van ECK Associates Corp lifted its stake in Valero Energy Corporation by 26.7% during the second quarter. Van ECK Associates Corp now owns 10,789 shares of the oil and gas company’s stock worth $728,000 after purchasing an additional 2,275 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in Valero Energy Corporation by 4.5% during the second quarter. UBS Asset Management Americas Inc. now owns 2,421,069 shares of the oil and gas company’s stock worth $163,325,000 after purchasing an additional 104,936 shares during the last quarter. Quantitative Investment Management LLC bought a new stake in Valero Energy Corporation during the second quarter worth about $33,817,000. Trilogy Global Advisors LP lifted its stake in Valero Energy Corporation by 8.6% during the second quarter. Trilogy Global Advisors LP now owns 355,510 shares of the oil and gas company’s stock worth $23,984,000 after purchasing an additional 28,187 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in Valero Energy Corporation by 1.2% during the second quarter. Mutual of America Capital Management LLC now owns 54,509 shares of the oil and gas company’s stock worth $3,677,000 after purchasing an additional 649 shares during the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

In other Valero Energy Corporation news, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value of $3,863,514.56. Following the completion of the sale, the chief financial officer now owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen M. Waters sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total transaction of $102,000.00. The disclosure for this sale can be found here. 0.45% of the stock is owned by company insiders.

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Several brokerages have issued reports on VLO. BidaskClub raised Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. US Capital Advisors lowered Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research note on Thursday, August 17th. Citigroup Inc. lowered their target price on 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. Jefferies Group LLC raised Valero Energy Corporation from a “hold” rating to a “buy” rating and boosted their target price for the company from $65.00 to $80.00 in a research note on Thursday, June 22nd. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $73.00 target price (up previously from $65.00) on shares of Valero Energy Corporation in a research note on Wednesday, September 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. Valero Energy Corporation has an average rating of “Buy” and a consensus price target of $73.09.

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, topping the Thomson Reuters’ 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 quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.07 earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Monday, August 7th. Valero Energy Corporation’s payout ratio is currently 69.14%.

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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