Rehmann Capital Advisory Group Sells 67 Shares of Valero Energy Corporation (VLO)

Rehmann Capital Advisory Group reduced its stake in Valero Energy Corporation (NYSE:VLO) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,963 shares of the oil and gas company’s stock after selling 67 shares during the period. Rehmann Capital Advisory Group’s holdings in Valero Energy Corporation were worth $335,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Valero Energy Corporation by 2,578.1% in the first quarter. BlackRock Inc. now owns 38,217,393 shares of the oil and gas company’s stock valued at $2,533,433,000 after buying an additional 36,790,343 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Valero Energy Corporation by 2.5% in the first quarter. Vanguard Group Inc. now owns 33,405,279 shares of the oil and gas company’s stock valued at $2,214,436,000 after buying an additional 827,661 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Valero Energy Corporation by 133.7% in the first quarter. Stifel Financial Corp now owns 1,340,904 shares of the oil and gas company’s stock valued at $88,895,000 after buying an additional 767,150 shares in the last quarter. LSV Asset Management boosted its position in shares of Valero Energy Corporation by 6.3% in the first quarter. LSV Asset Management now owns 8,710,850 shares of the oil and gas company’s stock valued at $577,442,000 after buying an additional 514,850 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Valero Energy Corporation by 34.0% in the first quarter. TIAA CREF Investment Management LLC now owns 1,914,732 shares of the oil and gas company’s stock valued at $126,928,000 after buying an additional 485,868 shares in the last quarter. Hedge funds and other institutional investors own 78.88% of the company’s stock.

Shares of Valero Energy Corporation (NYSE VLO) traded up 0.31% during midday trading on Friday, hitting $64.75. 3,082,623 shares of the stock were exchanged. The firm has a market cap of $28.60 billion, a PE ratio of 15.98 and a beta of 1.21. Valero Energy Corporation has a 52-week low of $51.17 and a 52-week high of $71.40. The firm’s 50-day moving average is $67.47 and its 200 day moving average is $66.09.

Valero Energy Corporation (NYSE:VLO) last posted 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 firm had revenue of $22.25 billion during the quarter, compared to analyst estimates of $19.32 billion. During the same period last year, the firm posted $1.07 earnings per share. Valero Energy Corporation’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, analysts forecast that Valero Energy Corporation will post $4.01 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 9th will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a yield of 4.32%. Valero Energy Corporation’s dividend payout ratio is presently 69.14%.

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VLO has been the subject of several recent analyst reports. Credit Suisse Group reaffirmed a “hold” rating and set a $65.00 price objective on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Morgan Stanley cut shares of Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $77.00 to $70.00 in a research note on Tuesday, May 30th. Citigroup Inc. reaffirmed a “neutral” rating and set a $70.00 price objective (up previously from $69.50) on shares of Valero Energy Corporation in a research note on Saturday, April 22nd. BidaskClub raised shares of Valero Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Valero Energy Corporation from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $65.55 to $73.00 in a research note on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $71.59.

In related news, Director Susan Kaufman Purcell sold 5,151 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total value of $333,166.68. Following the completion of the sale, the director now directly owns 9,866 shares in the company, valued at $638,132.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.45% of the stock is owned by company insiders.

Valero Energy Corporation Company 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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