People s United Financial Inc. increased its position in Valero Energy Corporation (NYSE:VLO) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,308 shares of the oil and gas company’s stock after buying an additional 1,030 shares during the quarter. People s United Financial Inc.’s holdings in Valero Energy Corporation were worth $1,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of VLO. QS Investors LLC raised its holdings in shares of Valero Energy Corporation by 3.0% in the 2nd quarter. QS Investors LLC now owns 361,205 shares of the oil and gas company’s stock worth $24,367,000 after purchasing an additional 10,398 shares during the period. Risk Paradigm Group LLC lifted its position in Valero Energy Corporation by 312.3% during the second quarter. Risk Paradigm Group LLC now owns 3,298 shares of the oil and gas company’s stock valued at $222,000 after buying an additional 2,498 shares in the last quarter. Summit Financial Wealth Advisors LLC lifted its position in Valero Energy Corporation by 238.9% during the second quarter. Summit Financial Wealth Advisors LLC now owns 28,013 shares of the oil and gas company’s stock valued at $1,890,000 after buying an additional 19,746 shares in the last quarter. Brandywine Global Investment Management LLC lifted its position in Valero Energy Corporation by 0.9% during the second quarter. Brandywine Global Investment Management LLC now owns 406,010 shares of the oil and gas company’s stock valued at $27,390,000 after buying an additional 3,710 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in Valero Energy Corporation by 6.0% during the second quarter. Voya Investment Management LLC now owns 617,929 shares of the oil and gas company’s stock valued at $41,685,000 after buying an additional 34,751 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Corporation (VLO) traded down 0.1778% on Monday, reaching $76.7932. 223,233 shares of the company’s stock traded hands. Valero Energy Corporation has a 52-week low of $51.55 and a 52-week high of $77.77. The firm’s 50 day moving average price is $68.09 and its 200 day moving average price is $66.42. The firm has a market capitalization of $33.92 billion, a PE ratio of 18.9566 and a beta of 1.21. Valero Energy Corporation also was the recipient of unusually large options trading on Friday. Investors acquired 8,407 put options on the stock. This is an increase of 167% compared to the typical volume of 3,143 put options.

Valero Energy Corporation (NYSE:VLO) last released its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.15. The company had revenue of $22.25 billion for 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 revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.07 EPS. On average, analysts predict that Valero Energy Corporation will post $4.36 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Monday, August 7th. Valero Energy Corporation’s dividend payout ratio is 69.14%.

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A number of brokerages have recently commented on VLO. Standpoint Research initiated coverage on shares of Valero Energy Corporation in a research note on Friday, June 30th. They issued an “accumulate” rating and a $84.00 target price on the stock. Scotiabank set a $70.00 price target on shares of Valero Energy Corporation and gave the stock a “buy” rating in a research report on Monday, June 26th. Jefferies Group LLC upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating and increased their price target for the company from $65.00 to $80.00 in a report on Thursday, June 22nd. Citigroup Inc. cut their price objective on Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, July 17th. Finally, BidaskClub upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Valero Energy Corporation presently has an average rating of “Buy” and an average target price of $74.49.

In related news, CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value of $3,863,514.56. Following the transaction, the chief financial officer now directly owns 67,413 shares in the company, valued at $4,913,059.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen M. Waters sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total transaction of $102,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,168 shares of company stock valued at $4,015,279. 0.45% of the stock is owned by corporate insiders.

Valero Energy Corporation 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.

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

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