Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in Valero Energy Corporation (NYSE:VLO) by 11.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 172,843 shares of the oil and gas company’s stock after selling 21,610 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Valero Energy Corporation were worth $11,660,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Independent Portfolio Consultants Inc. boosted its stake in shares of Valero Energy Corporation by 62.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 619 shares during the last quarter. First Personal Financial Services boosted its stake in shares of Valero Energy Corporation by 13.6% in the second quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 196 shares during the last quarter. Guardian Life Insurance Co. of America boosted 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 valued at $116,000 after buying an additional 11 shares during the last quarter. Thompson Davis & CO. Inc. bought a new stake in shares of Valero Energy Corporation during the first quarter valued at $127,000. Finally, Sandy Spring Bank boosted its stake in shares of Valero Energy Corporation by 96.9% in the first quarter. Sandy Spring Bank now owns 2,712 shares of the oil and gas company’s stock valued at $179,000 after buying an additional 1,335 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Corporation (VLO) opened at 68.10 on Friday. The company has a 50 day moving average price of $67.33 and a 200 day moving average price of $66.16. Valero Energy Corporation has a 52-week low of $51.17 and a 52-week high of $71.40. The firm has a market capitalization of $30.08 billion, a P/E ratio of 16.81 and a beta of 1.21.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.11%. Valero Energy Corporation’s dividend payout ratio (DPR) is 69.14%.

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VLO has been the subject of several recent analyst reports. US Capital Advisors restated an “overweight” rating on shares of Valero Energy Corporation in a research report on Monday, May 22nd. BidaskClub lowered Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Jefferies Group LLC dropped their target price on Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, August 23rd. Royal Bank Of Canada restated a “buy” rating and set a $77.00 target price on shares of Valero Energy Corporation in a research report on Thursday. Finally, Piper Jaffray Companies restated 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 given a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $72.56.

In other news, Director Susan Kaufman Purcell sold 5,151 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total transaction of $333,166.68. Following the transaction, the director now directly owns 9,866 shares in the company, valued at $638,132.88. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.45% of the company’s stock.

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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