First Financial Equity Corporation acquired a new position in Valero Energy Corporation (NYSE:VLO) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,247 shares of the oil and gas company’s stock, valued at approximately $217,000.

Other institutional investors also recently bought and sold shares of the company. LBA Wealth Management LLC raised its position in Valero Energy Corporation by 0.6% in the first quarter. LBA Wealth Management LLC now owns 13,198 shares of the oil and gas company’s stock valued at $875,000 after buying an additional 75 shares during the period. Edge Asset Management Inc. raised its position in Valero Energy Corporation by 26.2% in the first quarter. Edge Asset Management Inc. now owns 254,041 shares of the oil and gas company’s stock valued at $16,840,000 after buying an additional 52,798 shares during the period. Snow Capital Management LP raised its stake in Valero Energy Corporation by 0.5% in the first quarter. Snow Capital Management LP now owns 19,003 shares of the oil and gas company’s stock valued at $1,260,000 after buying an additional 101 shares during the period. Comerica Securities Inc. raised its stake in Valero Energy Corporation by 113.7% in the first quarter. Comerica Securities Inc. now owns 16,256 shares of the oil and gas company’s stock valued at $1,078,000 after buying an additional 8,648 shares during the period. Finally, Rothschild Asset Management Inc. raised its stake in Valero Energy Corporation by 12.2% in the first quarter. Rothschild Asset Management Inc. now owns 719,354 shares of the oil and gas company’s stock valued at $47,686,000 after buying an additional 78,044 shares during the period. 78.88% of the stock is owned by institutional investors.

Shares of Valero Energy Corporation (VLO) traded up 0.31% during mid-day trading on Friday, reaching $64.75. 3,082,623 shares of the company’s stock traded hands. Valero Energy Corporation has a one year low of $51.17 and a one year high of $71.40. The firm has a market cap of $28.60 billion, a price-to-earnings ratio of 15.98 and a beta of 1.21. The firm’s 50-day moving average is $67.47 and its 200 day moving average is $66.09.

Valero Energy Corporation (NYSE:VLO) last announced its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The business had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. During the same period in the prior year, the business posted $1.07 earnings per share. Valero Energy Corporation’s revenue was up 13.6% compared to the same quarter last year. Analysts predict that Valero Energy Corporation will post $4.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 9th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Monday, August 7th. Valero Energy Corporation’s dividend payout ratio is currently 69.14%.

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VLO has been the subject of several analyst reports. Standpoint Research assumed coverage on shares of Valero Energy Corporation in a research report on Friday, June 30th. They set an “accumulate” rating and a $84.00 target price on the stock. Scotiabank set a $70.00 target price on shares of Valero Energy Corporation and gave the company a “buy” rating in a research report on Monday, June 26th. Jefferies Group LLC raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and raised their target price for the company from $65.00 to $80.00 in a research report on Thursday, June 22nd. Royal Bank Of Canada reissued a “buy” rating on shares of Valero Energy Corporation in a research report on Wednesday, April 26th. Finally, ValuEngine raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $71.59.

In related news, Director Susan Kaufman Purcell sold 5,151 shares of the stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total value of $333,166.68. Following the completion of the sale, the director now directly owns 9,866 shares of the company’s stock, valued at approximately $638,132.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by corporate insiders.

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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