Private Management Group Inc. reduced its position in Valero Energy Co. (NYSE:VLO) by 33.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 272,715 shares of the oil and gas company’s stock after selling 134,299 shares during the period. Valero Energy comprises approximately 1.5% of Private Management Group Inc.’s holdings, making the stock its 21st largest position. Private Management Group Inc. owned approximately 0.06% of Valero Energy worth $30,225,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VLO. Kiley Juergens Wealth Management LLC purchased a new position in Valero Energy during the second quarter valued at approximately $117,000. Kaizen Advisory LLC grew its position in Valero Energy by 156.8% during the second quarter. Kaizen Advisory LLC now owns 1,063 shares of the oil and gas company’s stock valued at $118,000 after purchasing an additional 649 shares in the last quarter. Stelac Advisory Services LLC purchased a new position in Valero Energy during the second quarter valued at approximately $125,000. W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in Valero Energy during the first quarter valued at approximately $135,000. Finally, Trust Co. of Vermont grew its position in Valero Energy by 70.4% during the second quarter. Trust Co. of Vermont now owns 1,452 shares of the oil and gas company’s stock valued at $160,000 after purchasing an additional 600 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

NYSE VLO opened at $115.46 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.67 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $50.06 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. Valero Energy Co. has a 12-month low of $71.14 and a 12-month high of $126.98.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.17. Valero Energy had a net margin of 4.21% and a return on equity of 12.06%. The business had revenue of $31.02 billion during the quarter, compared to analysts’ expectations of $26.56 billion. During the same period in the previous year, the company earned $1.23 earnings per share. Valero Energy’s revenue for the quarter was up 39.4% on a year-over-year basis. analysts anticipate that Valero Energy Co. will post 6.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Tuesday, August 7th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Monday, August 6th. Valero Energy’s payout ratio is 64.52%.

In other news, Director Stephen M. Waters sold 1,000 shares of the business’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $116.76, for a total value of $116,760.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by insiders.

VLO has been the topic of a number of research analyst reports. Wells Fargo & Co boosted their price objective on shares of Valero Energy from $122.00 to $146.00 and gave the company a “positive” rating in a research report on Tuesday, May 29th. Credit Suisse Group boosted their price objective on shares of Valero Energy from $118.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, June 4th. ValuEngine cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. JPMorgan Chase & Co. lifted their target price on shares of Valero Energy from $128.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Finally, Morgan Stanley lifted their target price on shares of Valero Energy from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, July 31st. Fourteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $116.59.

Valero Energy Company Profile

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.

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

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