Rampart Investment Management Company LLC grew its position in Valero Energy (NYSE:VLO) by 627.5% in the first quarter, Holdings Channel reports. The fund owned 39,407 shares of the oil and gas company’s stock after buying an additional 33,990 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Valero Energy were worth $3,656,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VLO. Independence Bank of Kentucky bought a new position in Valero Energy in the 4th quarter worth approximately $102,000. KHP Capital LLC bought a new position in Valero Energy in the 1st quarter worth approximately $104,000. SWS Partners bought a new position in Valero Energy in the 4th quarter worth approximately $127,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new position in Valero Energy in the 1st quarter worth approximately $135,000. Finally, Centaurus Financial Inc. bought a new position in Valero Energy in the 1st quarter worth approximately $150,000. Institutional investors own 77.78% of the company’s stock.

In other news, insider Joseph W. Gorder sold 85,493 shares of the business’s stock in a transaction on Monday, May 21st. The shares were sold at an average price of $121.23, for a total value of $10,364,316.39. Following the completion of the transaction, the insider now owns 524,864 shares of the company’s stock, valued at approximately $63,629,262.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen M. Waters sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $121.04, for a total transaction of $121,040.00. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.

VLO has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on shares of Valero Energy from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Monday, April 16th. Scotiabank restated a “sector perform” rating on shares of Valero Energy in a research report on Thursday, April 12th. Citigroup upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and set a $114.00 price objective for the company in a research report on Wednesday, February 14th. Piper Jaffray Companies restated a “hold” rating and issued a $113.00 price objective on shares of Valero Energy in a research report on Tuesday, April 24th. Finally, Barclays boosted their price objective on shares of Valero Energy from $122.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company. Valero Energy has a consensus rating of “Hold” and a consensus target price of $108.65.

Shares of Valero Energy opened at $121.20 on Thursday, MarketBeat.com reports. The firm has a market cap of $53.16 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 1.87 and a beta of 1.02. Valero Energy has a 52 week low of $61.59 and a 52 week high of $126.98. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.70 and a quick ratio of 1.09.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, April 26th. The oil and gas company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.93 by $0.07. The company had revenue of $264.90 million during the quarter, compared to analysts’ expectations of $23.35 billion. Valero Energy had a net margin of 4.29% and a return on equity of 10.61%. The business’s revenue for the quarter was down 98.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. sell-side analysts forecast that Valero Energy will post 7.32 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 5th. Stockholders of record on Thursday, May 17th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Wednesday, May 16th. Valero Energy’s dividend payout ratio (DPR) is 64.52%.

Valero Energy Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

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

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