IHT Wealth Management LLC lessened its stake in shares of Valero Energy Corporation (NYSE:VLO) by 5.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,623 shares of the oil and gas company’s stock after selling 153 shares during the period. IHT Wealth Management LLC’s holdings in Valero Energy Corporation were worth $1,058,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of VLO. BlackRock Inc. increased its stake in Valero Energy Corporation by 2,578.1% during the 1st quarter. BlackRock Inc. now owns 38,217,393 shares of the oil and gas company’s stock worth $2,533,433,000 after acquiring an additional 36,790,343 shares during the period. FMR LLC increased its stake in Valero Energy Corporation by 146.1% during the 2nd quarter. FMR LLC now owns 2,224,590 shares of the oil and gas company’s stock worth $150,071,000 after acquiring an additional 1,320,524 shares during the period. Harbour Capital Advisors LLC increased its stake in Valero Energy Corporation by 6,236.6% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,226,760 shares of the oil and gas company’s stock worth $18,185,000 after acquiring an additional 1,207,400 shares during the period. Janus Henderson Group PLC increased its stake in Valero Energy Corporation by 1,780.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,127,141 shares of the oil and gas company’s stock worth $76,039,000 after acquiring an additional 1,067,201 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in Valero Energy Corporation by 88.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,138,646 shares of the oil and gas company’s stock worth $144,273,000 after acquiring an additional 1,005,206 shares during the period. Hedge funds and other institutional investors own 80.69% of the company’s stock.

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Several brokerages have recently issued reports on VLO. US Capital Advisors lowered Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research note on Thursday, August 17th. UBS AG reissued a “neutral” rating and set a $80.00 price objective (up previously from $69.00) on shares of Valero Energy Corporation in a report on Wednesday, September 27th. Cowen and Company raised their price objective on Valero Energy Corporation from $70.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, September 28th. BidaskClub downgraded Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Finally, J P Morgan Chase & Co downgraded Valero Energy Corporation from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $75.00 to $78.00 in a report on Friday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $74.61.

In related news, Director Stephen M. Waters sold 656 shares of Valero Energy Corporation stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $75.86, for a total transaction of $49,764.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Michael S. Ciskowski sold 53,012 shares of Valero Energy Corporation stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the transaction, the chief financial officer now owns 67,413 shares in the company, valued at approximately $4,913,059.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,168 shares of company stock worth $4,015,279. 0.45% of the stock is owned by corporate insiders.

Valero Energy Corporation (NYSE VLO) traded down 0.05% on Friday, hitting $77.23. 4,672,372 shares of the stock traded hands. Valero Energy Corporation has a 52-week low of $52.64 and a 52-week high of $78.64. The company’s 50 day moving average price is $71.32 and its 200-day moving average price is $67.22. The stock has a market cap of $34.11 billion, a price-to-earnings ratio of 19.06 and a beta of 1.22.

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 for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $19.32 billion. During the same quarter in the previous year, the company earned $1.07 EPS. Valero Energy Corporation’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, analysts forecast that Valero Energy Corporation will post $4.44 earnings per share for the current fiscal year.

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.

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

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