Icon Advisers Inc. Co. reduced its position in Valero Energy Corp. (NYSE:VLO) by 42.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,150 shares of the company’s stock after selling 75,400 shares during the period. Icon Advisers Inc. Co.’s holdings in Valero Energy Corp. were worth $5,520,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of VLO. Perkins Coie Trust Co increased its stake in shares of Valero Energy Corp. by 0.5% in the third quarter. Perkins Coie Trust Co now owns 10,544 shares of the company’s stock worth $559,000 after buying an additional 57 shares during the last quarter. Oakworth Capital Inc. increased its stake in shares of Valero Energy Corp. by 3.3% in the third quarter. Oakworth Capital Inc. now owns 2,684 shares of the company’s stock worth $142,000 after buying an additional 85 shares during the last quarter. Security National Trust Co. increased its stake in shares of Valero Energy Corp. by 4.8% in the second quarter. Security National Trust Co. now owns 2,347 shares of the company’s stock worth $119,000 after buying an additional 107 shares during the last quarter. Smithfield Trust Co. increased its stake in shares of Valero Energy Corp. by 4.5% in the second quarter. Smithfield Trust Co. now owns 3,199 shares of the company’s stock worth $163,000 after buying an additional 137 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in shares of Valero Energy Corp. by 2.1% in the second quarter. Rehmann Capital Advisory Group now owns 7,030 shares of the company’s stock worth $359,000 after buying an additional 147 shares during the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

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

Valero Energy Corp. (NYSE:VLO) traded down 1.76% during trading on Monday, hitting $63.72. 1,907,232 shares of the company traded hands. The company’s 50 day moving average is $59.00 and its 200-day moving average is $54.91. The stock has a market capitalization of $28.84 billion, a PE ratio of 13.51 and a beta of 1.45. Valero Energy Corp. has a 52 week low of $46.88 and a 52 week high of $73.70.

Valero Energy Corp. (NYSE:VLO) last released its earnings results on Tuesday, October 25th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $0.93 by $0.31. Valero Energy Corp. had a net margin of 3.01% and a return on equity of 10.40%. The firm had revenue of $19.65 billion for the quarter, compared to the consensus estimate of $19.49 billion. During the same quarter in the previous year, the firm earned $2.79 earnings per share. The company’s quarterly revenue was down 13.0% compared to the same quarter last year. Analysts predict that Valero Energy Corp. will post $3.71 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Tuesday, November 22nd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Friday, November 18th. Valero Energy Corp.’s dividend payout ratio (DPR) is presently 50.74%.

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A number of research firms have recently weighed in on VLO. Jefferies Group set a $65.00 target price on shares of Valero Energy Corp. and gave the company a “buy” rating in a research report on Saturday, October 15th. Vetr downgraded shares of Valero Energy Corp. from a “buy” rating to a “hold” rating and set a $65.26 target price for the company. in a research report on Thursday, November 10th. Scotiabank reissued a “sector outperform” rating and set a $62.00 target price (up from $58.00) on shares of Valero Energy Corp. in a research report on Wednesday, October 26th. Zacks Investment Research raised shares of Valero Energy Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, September 6th. Finally, TheStreet downgraded shares of Valero Energy Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Eight analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $69.36.

About Valero Energy Corp.

Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland.

5 Day Chart for NYSE:VLO

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