Skba Capital Management LLC lowered its position in shares of Valero Energy Corporation (NYSE:VLO) by 0.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 193,400 shares of the oil and gas company’s stock after selling 1,200 shares during the quarter. Valero Energy Corporation comprises 2.1% of Skba Capital Management LLC’s holdings, making the stock its 18th biggest position. Skba Capital Management LLC’s holdings in Valero Energy Corporation were worth $14,878,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cable Hill Partners LLC raised its stake in Valero Energy Corporation by 1,015.3% in the third quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 1,198 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in 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 purchasing an additional 619 shares in the last quarter. First Personal Financial Services raised its stake in 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 purchasing an additional 196 shares in the last quarter. Ffcm LLC raised its stake in Valero Energy Corporation by 189.4% in the second quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock valued at $128,000 after purchasing an additional 1,231 shares in the last quarter. Finally, Manchester Capital Management LLC raised its stake in Valero Energy Corporation by 16.9% in the second quarter. Manchester Capital Management LLC now owns 2,076 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 300 shares in the last quarter. 81.75% of the stock is owned by institutional investors.

Valero Energy Corporation (VLO) traded up $0.76 during trading hours on Monday, hitting $82.88. The stock had a trading volume of 2,897,400 shares, compared to its average volume of 4,077,852. The company has a market capitalization of $36,610.00, a PE ratio of 17.90, a P/E/G ratio of 1.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91. Valero Energy Corporation has a 52 week low of $60.35 and a 52 week high of $82.92.

Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.08. The company had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $19.42 billion. Valero Energy Corporation had a return on equity of 9.87% and a net margin of 2.33%. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 earnings per share. equities analysts forecast that Valero Energy Corporation will post 4.83 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Monday, November 20th. Valero Energy Corporation’s dividend payout ratio (DPR) is currently 60.74%.

In related news, Director Stephen M. Waters sold 1,500 shares of Valero Energy Corporation stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total value of $102,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Michael S. Ciskowski sold 53,012 shares of Valero Energy Corporation stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total value of $3,863,514.56. Following the completion of the transaction, the chief financial officer now directly owns 67,413 shares in the company, valued at $4,913,059.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,268 shares of company stock worth $4,263,601. Company insiders own 0.45% of the company’s stock.

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VLO has been the subject of a number of analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $73.00 price target (up previously from $65.00) on shares of Valero Energy Corporation in a research note on Wednesday, September 20th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $87.00 price target (up previously from $74.00) on shares of Valero Energy Corporation in a research note on Tuesday, October 17th. ValuEngine raised Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Monday, October 16th. Finally, Jefferies Group LLC dropped their price target on Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company. Valero Energy Corporation currently has a consensus rating of “Hold” and an average price target of $79.28.

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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