First Interstate Bank reduced its position in Valero Energy Corporation (NYSE:VLO) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,041 shares of the oil and gas company’s stock after selling 546 shares during the period. First Interstate Bank’s holdings in Valero Energy Corporation were worth $542,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of VLO. Guardian Life Insurance Co. of America raised its stake in shares of Valero Energy Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock worth $116,000 after buying an additional 11 shares during the period. Welch & Forbes LLC raised its stake in shares of Valero Energy Corporation by 0.3% in the first quarter. Welch & Forbes LLC now owns 4,781 shares of the oil and gas company’s stock worth $317,000 after buying an additional 16 shares during the period. BKD Wealth Advisors LLC raised its stake in shares of Valero Energy Corporation by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 6,542 shares of the oil and gas company’s stock worth $441,000 after buying an additional 24 shares during the period. Brown Advisory Securities LLC raised its stake in shares of Valero Energy Corporation by 0.7% in the first quarter. Brown Advisory Securities LLC now owns 3,815 shares of the oil and gas company’s stock worth $254,000 after buying an additional 25 shares during the period. Finally, Eads & Heald Investment Counsel raised its stake in shares of Valero Energy Corporation by 0.3% in the second quarter. Eads & Heald Investment Counsel now owns 8,420 shares of the oil and gas company’s stock worth $568,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Shares of Valero Energy Corporation (NYSE:VLO) opened at 67.92 on Wednesday. The firm has a market capitalization of $30.00 billion, a price-to-earnings ratio of 16.77 and a beta of 1.21. The company’s 50-day moving average is $67.32 and its 200 day moving average is $66.12. Valero Energy Corporation has a 1-year low of $51.17 and a 1-year high of $71.40.

Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.08 by $0.15. The company had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The company’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 EPS. On average, analysts expect that Valero Energy Corporation will post $4.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Monday, August 7th. Valero Energy Corporation’s dividend payout ratio (DPR) is 69.14%.

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A number of brokerages have recently issued reports on VLO. Citigroup Inc. cut their target price on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, July 17th. BidaskClub upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Morgan Stanley lowered shares of Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $77.00 to $70.00 in a research note on Tuesday, May 30th. ValuEngine upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, US Capital Advisors lowered shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $72.62.

In other news, Director Susan Kaufman Purcell sold 5,151 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total transaction of $333,166.68. Following the completion of the sale, the director now owns 9,866 shares of the company’s stock, valued at approximately $638,132.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.45% of the company’s stock.

About Valero Energy Corporation

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.

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

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