TPH Asset Management LLC reduced its stake in shares of Valero Energy Corporation (NYSE:VLO) by 49.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,895 shares of the oil and gas company’s stock after selling 10,455 shares during the period. TPH Asset Management LLC’s holdings in Valero Energy Corporation were worth $722,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of VLO. BlackRock Inc. increased its stake in shares of Valero Energy Corporation by 2,578.1% in the first quarter. BlackRock Inc. now owns 38,217,393 shares of the oil and gas company’s stock valued at $2,533,433,000 after buying an additional 36,790,343 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Valero Energy Corporation by 2.5% in the first quarter. Vanguard Group Inc. now owns 33,405,279 shares of the oil and gas company’s stock valued at $2,214,436,000 after buying an additional 827,661 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Valero Energy Corporation by 133.7% in the first quarter. Stifel Financial Corp now owns 1,340,904 shares of the oil and gas company’s stock valued at $88,895,000 after buying an additional 767,150 shares during the last quarter. LSV Asset Management boosted its position in shares of Valero Energy Corporation by 6.3% in the first quarter. LSV Asset Management now owns 8,710,850 shares of the oil and gas company’s stock valued at $577,442,000 after buying an additional 514,850 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Valero Energy Corporation by 34.0% in the first quarter. TIAA CREF Investment Management LLC now owns 1,914,732 shares of the oil and gas company’s stock valued at $126,928,000 after buying an additional 485,868 shares during the last quarter. Institutional investors own 78.88% of the company’s stock.

Valero Energy Corporation (NYSE VLO) traded up 0.31% on Friday, hitting $64.75. 3,082,623 shares of the stock were exchanged. Valero Energy Corporation has a 12 month low of $51.17 and a 12 month high of $71.40. The company has a 50-day moving average of $67.47 and a 200 day moving average of $66.09. The firm has a market cap of $28.60 billion, a P/E ratio of 15.98 and a beta of 1.21.

Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.15. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The company had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. Equities research analysts expect that Valero Energy Corporation will post $4.01 earnings per share for the current fiscal year.

The company also recently declared 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. The ex-dividend date is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a yield of 4.32%. Valero Energy Corporation’s dividend payout ratio is currently 69.14%.

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Several equities analysts recently weighed in on VLO shares. Citigroup Inc. reaffirmed a “neutral” rating and issued a $70.00 price target (up previously from $69.50) on shares of Valero Energy Corporation in a research report on Saturday, April 22nd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Valero Energy Corporation in a research report on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) cut shares of Valero Energy Corporation from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $65.55 to $73.00 in a research report on Tuesday, May 16th. US Capital Advisors reissued an “overweight” rating on shares of Valero Energy Corporation in a research report on Monday, May 22nd. Finally, Piper Jaffray Companies reissued a “neutral” rating on shares of Valero Energy Corporation in a research report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company 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 Valero Energy Corporation stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total value of $333,166.68. Following the completion of the transaction, the director now owns 9,866 shares in the company, valued at $638,132.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is owned by 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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