Adell Harriman & Carpenter Inc. reduced its stake in Valero Energy Corporation (NYSE:VLO) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,492 shares of the oil and gas company’s stock after selling 2,197 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Valero Energy Corporation were worth $1,576,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cable Hill Partners LLC increased its holdings in Valero Energy Corporation by 1,015.3% in the 3rd quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 1,198 shares in the last quarter. Independent Portfolio Consultants Inc. grew its stake in shares of Valero Energy Corporation by 62.2% during 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 acquiring an additional 619 shares in the last quarter. First Personal Financial Services grew its stake in shares of Valero Energy Corporation by 13.6% during the second quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 196 shares in the last quarter. Ffcm LLC grew its stake in shares of Valero Energy Corporation by 189.4% during the second quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock valued at $128,000 after acquiring an additional 1,231 shares in the last quarter. Finally, Manchester Capital Management LLC grew its stake in shares of Valero Energy Corporation by 16.9% during the second quarter. Manchester Capital Management LLC now owns 2,076 shares of the oil and gas company’s stock valued at $140,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Shares of Valero Energy Corporation (NYSE:VLO) traded up $0.68 during midday trading on Tuesday, reaching $81.35. 1,169,481 shares of the company’s stock were exchanged, compared to its average volume of 4,090,916. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a 1 year low of $60.35 and a 1 year high of $82.19. The company has a market capitalization of $35,605.96, a PE ratio of 17.58, a P/E/G ratio of 1.69 and a beta of 1.17.

Valero Energy Corporation (NYSE:VLO) last issued its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.08. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.87%. The firm had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $19.42 billion. During the same quarter last year, the company posted $1.24 earnings per share. Valero Energy Corporation’s revenue was up 19.9% on a year-over-year basis. research analysts anticipate that Valero Energy Corporation will post 4.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.44%. Valero Energy Corporation’s dividend payout ratio is currently 60.48%.

Several analysts have recently weighed in on VLO shares. 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. BidaskClub downgraded Valero Energy Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Scotiabank set a $70.00 target price on Valero Energy Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. US Capital Advisors downgraded Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, Jefferies Group LLC lowered their target price on Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $77.19.

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In other Valero Energy Corporation news, Director Stephen M. Waters sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total value of $102,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the completion of the transaction, the chief financial officer now directly owns 67,413 shares in the company, valued at approximately $4,913,059.44. The disclosure for this sale can be found here. Insiders sold 56,768 shares of company stock worth $4,141,471 in the last three months. 0.45% of the stock is currently owned by corporate 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.

Institutional Ownership by Quarter for Valero Energy Corporation (NYSE:VLO)

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