Twin Capital Management Inc. lessened its position in Valero Energy Co. (NYSE:VLO) by 39.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 74,643 shares of the oil and gas company’s stock after selling 47,667 shares during the period. Twin Capital Management Inc.’s holdings in Valero Energy were worth $6,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently made changes to their positions in VLO. Stephens Inc. AR increased its holdings in shares of Valero Energy by 21.5% during the 2nd quarter. Stephens Inc. AR now owns 38,333 shares of the oil and gas company’s stock worth $3,282,000 after purchasing an additional 6,774 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of Valero Energy by 169.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 632,848 shares of the oil and gas company’s stock worth $53,312,000 after purchasing an additional 398,267 shares during the period. Close Asset Management Ltd increased its holdings in shares of Valero Energy by 22.9% during the 2nd quarter. Close Asset Management Ltd now owns 55,306 shares of the oil and gas company’s stock worth $4,736,000 after purchasing an additional 10,315 shares during the period. Sunbelt Securities Inc. increased its holdings in shares of Valero Energy by 1.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 30,130 shares of the oil and gas company’s stock worth $2,579,000 after purchasing an additional 445 shares during the period. Finally, Sandy Spring Bank increased its holdings in shares of Valero Energy by 36.8% during the 2nd quarter. Sandy Spring Bank now owns 11,617 shares of the oil and gas company’s stock worth $994,000 after purchasing an additional 3,122 shares during the period. Hedge funds and other institutional investors own 77.47% of the company’s stock.

Shares of VLO stock traded down $0.19 during trading hours on Thursday, reaching $75.81. 1,108,959 shares of the company were exchanged, compared to its average volume of 3,243,614. Valero Energy Co. has a fifty-two week low of $68.81 and a fifty-two week high of $122.42. The business has a fifty day moving average price of $82.48. The firm has a market cap of $32.19 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 1.81 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.42.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.14. The business had revenue of $28.93 billion during the quarter, compared to the consensus estimate of $25.45 billion. Valero Energy had a net margin of 2.27% and a return on equity of 11.31%. Valero Energy’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.15 earnings per share. As a group, sell-side analysts predict that Valero Energy Co. will post 5.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 6th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date is Monday, August 5th. Valero Energy’s dividend payout ratio (DPR) is 48.85%.

Several research firms have recently issued reports on VLO. ValuEngine downgraded shares of Valero Energy from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Goldman Sachs Group upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and decreased their target price for the company from $96.00 to $92.00 in a research report on Thursday, June 6th. Raymond James lifted their target price on shares of Valero Energy from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Royal Bank of Canada set a $98.00 target price on shares of Valero Energy and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Wells Fargo & Co set a $107.00 target price on shares of Valero Energy and gave the stock a “buy” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $105.47.

About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.

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

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