WESPAC Advisors LLC decreased its stake in shares of Valero Energy Co. (NYSE:VLO) by 29.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,910 shares of the oil and gas company’s stock after selling 7,019 shares during the quarter. Valero Energy comprises 1.9% of WESPAC Advisors LLC’s holdings, making the stock its 15th biggest position. WESPAC Advisors LLC’s holdings in Valero Energy were worth $1,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bailard Inc. boosted its holdings in shares of Valero Energy by 62.1% in the 2nd quarter. Bailard Inc. now owns 4,405 shares of the oil and gas company’s stock valued at $488,000 after acquiring an additional 1,687 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in shares of Valero Energy in the 2nd quarter valued at $215,000. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Valero Energy by 2.5% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 58,781 shares of the oil and gas company’s stock valued at $6,515,000 after acquiring an additional 1,426 shares during the last quarter. CIBC World Markets Inc. boosted its holdings in shares of Valero Energy by 1.3% in the 2nd quarter. CIBC World Markets Inc. now owns 77,428 shares of the oil and gas company’s stock valued at $8,581,000 after acquiring an additional 960 shares during the last quarter. Finally, Sfmg LLC boosted its holdings in shares of Valero Energy by 23.8% in the 2nd quarter. Sfmg LLC now owns 2,789 shares of the oil and gas company’s stock valued at $309,000 after acquiring an additional 536 shares during the last quarter. Institutional investors and hedge funds own 77.31% of the company’s stock.

In other news, insider Joseph W. Gorder sold 85,493 shares of the stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $121.23, for a total value of $10,364,316.39. Following the completion of the sale, the insider now directly owns 524,864 shares in the company, valued at $63,629,262.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen M. Waters sold 1,000 shares of the stock in a transaction dated Wednesday, May 23rd. The shares were sold at an average price of $121.04, for a total transaction of $121,040.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,493 shares of company stock worth $10,602,116. Insiders own 0.41% of the company’s stock.

Several research firms have recently commented on VLO. Mizuho began coverage on shares of Valero Energy in a report on Wednesday, August 1st. They issued a “neutral” rating and a $125.00 price objective on the stock. Morgan Stanley increased their price target on shares of Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, July 31st. JPMorgan Chase & Co. increased their price target on shares of Valero Energy from $128.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Finally, Credit Suisse Group increased their price target on shares of Valero Energy from $118.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, June 4th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $113.33.

VLO opened at $111.83 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.10 and a debt-to-equity ratio of 0.39. The firm has a market cap of $49.31 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 1.96 and a beta of 0.99. Valero Energy Co. has a 52-week low of $64.22 and a 52-week high of $126.98.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.17. The business had revenue of $31.02 billion for the quarter, compared to the consensus estimate of $26.56 billion. Valero Energy had a net margin of 4.21% and a return on equity of 12.06%. The company’s revenue was up 39.4% compared to the same quarter last year. During the same period last year, the firm posted $1.23 earnings per share. research analysts anticipate that Valero Energy Co. will post 6.55 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Shareholders of record on Tuesday, August 7th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.86%. The ex-dividend date is Monday, August 6th. Valero Energy’s payout ratio is 64.52%.

About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

Read More: How are Outstanding Shares Different from Authorized Shares?

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

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