Swiss National Bank cut its stake in shares of Valero Energy Corp. (NYSE:VLO) by 1.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,302,548 shares of the company’s stock after selling 15,900 shares during the period. Swiss National Bank owned 0.28% of Valero Energy Corp. worth $69,035,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in VLO. Security National Trust Co. boosted its stake in Valero Energy Corp. by 4.8% in the second quarter. Security National Trust Co. now owns 2,347 shares of the company’s stock valued at $119,000 after buying an additional 107 shares during the last quarter. Oakworth Capital Inc. boosted its stake in Valero Energy Corp. by 3.3% in the third quarter. Oakworth Capital Inc. now owns 2,684 shares of the company’s stock valued at $142,000 after buying an additional 85 shares during the last quarter. Amica Retiree Medical Trust acquired a new stake in Valero Energy Corp. during the second quarter valued at $137,000. Point72 Asia Hong Kong Ltd boosted its stake in Valero Energy Corp. by 554.3% in the second quarter. Point72 Asia Hong Kong Ltd now owns 2,951 shares of the company’s stock valued at $151,000 after buying an additional 2,500 shares during the last quarter. Finally, Sandy Spring Bank boosted its stake in Valero Energy Corp. by 33.2% in the second quarter. Sandy Spring Bank now owns 2,967 shares of the company’s stock valued at $152,000 after buying an additional 740 shares during the last quarter. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

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

Valero Energy Corp. (NYSE:VLO) opened at 63.77 on Wednesday. The stock has a market cap of $28.87 billion, a PE ratio of 13.52 and a beta of 1.45. The stock has a 50 day moving average price of $59.28 and a 200-day moving average price of $54.96. Valero Energy Corp. has a 1-year low of $46.88 and a 1-year high of $73.70.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, November 22nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, November 18th. This represents a $2.40 annualized dividend and a dividend yield of 3.76%. Valero Energy Corp.’s dividend payout ratio (DPR) is 50.74%.

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A number of brokerages recently weighed in on VLO. Zacks Investment Research raised Valero Energy Corp. from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Tuesday. TheStreet raised Valero Energy Corp. from a “hold” rating to a “buy” rating in a report on Monday, November 14th. Vetr cut Valero Energy Corp. from a “buy” rating to a “hold” rating and set a $65.26 price objective on the stock. in a report on Wednesday, November 16th. Tudor Pickering raised Valero Energy Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, November 16th. Finally, Scotiabank reissued a “sector outperform” rating and set a $62.00 price objective (up from $58.00) on shares of Valero Energy Corp. in a report on Wednesday, October 26th. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $68.91.

Valero Energy Corp. Company Profile

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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