Russell Investments Group Ltd. reduced its position in Valero Energy Corporation (NYSE:VLO) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 611,638 shares of the oil and gas company’s stock after selling 15,742 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.14% of Valero Energy Corporation worth $47,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of VLO. Cambria Investment Management L.P. boosted its position in shares of Valero Energy Corporation by 1.2% in the first quarter. Cambria Investment Management L.P. now owns 18,051 shares of the oil and gas company’s stock worth $1,197,000 after purchasing an additional 220 shares during the period. Barings LLC boosted its position in shares of Valero Energy Corporation by 40.2% during the first quarter. Barings LLC now owns 77,936 shares of the oil and gas company’s stock worth $5,166,000 after acquiring an additional 22,362 shares during the last quarter. Gareth Morgan Investments Limited Partnership boosted its position in shares of Valero Energy Corporation by 24.0% during the first quarter. Gareth Morgan Investments Limited Partnership now owns 50,595 shares of the oil and gas company’s stock worth $3,354,000 after acquiring an additional 9,786 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Valero Energy Corporation by 12.0% during the first quarter. HighTower Advisors LLC now owns 142,513 shares of the oil and gas company’s stock worth $9,455,000 after acquiring an additional 15,326 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its position in shares of Valero Energy Corporation by 1.2% during the first quarter. Harbour Capital Advisors LLC now owns 19,360 shares of the oil and gas company’s stock worth $1,283,000 after acquiring an additional 235 shares during the last quarter. Institutional investors and hedge funds own 81.75% of the company’s stock.

Valero Energy Corporation (VLO) opened at $81.86 on Monday. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39. The company has a market cap of $36,610.00, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. Valero Energy Corporation has a 12-month low of $60.35 and a 12-month high of $82.92.

Valero Energy Corporation (NYSE:VLO) last posted its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $23.56 billion for the quarter, compared to the consensus estimate of $19.42 billion. During the same quarter last year, the firm posted $1.24 EPS. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. equities research analysts expect that Valero Energy Corporation will post 4.83 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Monday, November 20th. Valero Energy Corporation’s dividend payout ratio is currently 60.74%.

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In related news, CFO Michael S. Ciskowski sold 53,012 shares of Valero Energy Corporation stock in a transaction that occurred on 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 directly owns 67,413 shares in the company, valued at approximately $4,913,059.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen M. Waters sold 1,500 shares of Valero Energy Corporation stock in a transaction that occurred on 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. Insiders sold a total of 58,268 shares of company stock worth $4,263,601 over the last 90 days. Company insiders own 0.45% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Standpoint Research lowered shares of Valero Energy Corporation from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a research report on Thursday. Piper Jaffray Companies restated a “hold” rating and set a $78.00 target price on shares of Valero Energy Corporation in a research report on Friday. Barclays PLC increased their price objective on shares of Valero Energy Corporation from $86.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, November 14th. UBS AG increased their price objective on shares of Valero Energy Corporation from $80.00 to $83.00 and gave the company a “neutral” rating in a research report on Wednesday, November 15th. Finally, Scotiabank reiterated a “buy” rating and set a $84.00 price objective on shares of Valero Energy Corporation in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $79.28.

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.

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

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