Capstone Asset Management Co. reduced its position in Valero Energy Corp. (NYSE:VLO) by 56.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,746 shares of the company’s stock after selling 91,023 shares during the period. Capstone Asset Management Co.’s holdings in Valero Energy Corp. were worth $3,697,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. boosted its stake in shares of Valero Energy Corp. by 8.1% in the second quarter. Cullen Frost Bankers Inc. now owns 345,392 shares of the company’s stock valued at $17,615,000 after buying an additional 25,916 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Valero Energy Corp. by 1.3% in the second quarter. Retirement Systems of Alabama now owns 239,510 shares of the company’s stock valued at $12,215,000 after buying an additional 3,028 shares during the last quarter. Douglas Lane & Associates LLC boosted its stake in shares of Valero Energy Corp. by 4.5% in the second quarter. Douglas Lane & Associates LLC now owns 593,791 shares of the company’s stock valued at $30,283,000 after buying an additional 25,327 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Valero Energy Corp. during the second quarter valued at $176,332,000. Finally, Conning Inc. boosted its stake in shares of Valero Energy Corp. by 21.5% in the second quarter. Conning Inc. now owns 413,905 shares of the company’s stock valued at $21,109,000 after buying an additional 73,109 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

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

Valero Energy Corp. (NYSE:VLO) traded down 3.47% during trading on Wednesday, hitting $61.56. 14,238,300 shares of the stock traded hands. Valero Energy Corp. has a 52-week low of $46.88 and a 52-week high of $73.70. The stock has a market cap of $27.87 billion, a P/E ratio of 13.05 and a beta of 1.45. The company’s 50 day moving average price is $59.53 and its 200-day moving average price is $55.02.

Valero Energy Corp. (NYSE:VLO) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.31. The company 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%. Valero Energy Corp.’s quarterly revenue was down 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.79 EPS. Equities research analysts forecast that Valero Energy Corp. will post $3.71 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, November 22nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, November 18th. This represents a $2.40 dividend on an annualized basis and a yield of 3.90%. Valero Energy Corp.’s payout ratio is currently 50.74%.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The original version of this piece of content can be read at https://www.thecerbatgem.com/2016/11/30/valero-energy-corp-vlo-shares-sold-by-capstone-asset-management-co.html.

A number of equities research analysts recently commented on VLO shares. Vetr cut shares of Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $60.89 target price for the company. in a research report on Monday, August 15th. Tudor Pickering raised shares of Valero Energy Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, November 16th. TheStreet raised shares of Valero Energy Corp. from a “hold” rating to a “buy” rating in a research report on Monday, November 14th. Piper Jaffray Cos. increased their target price on shares of Valero Energy Corp. from $48.00 to $54.00 and gave the company a “neutral” rating in a research report on Monday, August 22nd. Finally, Citigroup Inc. increased their target price on shares of Valero Energy Corp. from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, October 19th. Seven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target 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

Receive News & Stock Ratings for Valero Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy Corp. and related stocks with our FREE daily email newsletter.