Valero Energy Corporation (VLO) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. decreased its stake in Valero Energy Corporation (NYSE:VLO) by 3.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 213,709 shares of the oil and gas company’s stock after selling 7,065 shares during the period. Scotia Capital Inc.’s holdings in Valero Energy Corporation were worth $14,416,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Valero Energy Corporation by 2.8% in the second quarter. BlackRock Inc. now owns 39,298,010 shares of the oil and gas company’s stock worth $2,651,044,000 after acquiring an additional 1,080,617 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Valero Energy Corporation by 2.2% in the second quarter. Vanguard Group Inc. now owns 34,153,259 shares of the oil and gas company’s stock worth $2,303,979,000 after acquiring an additional 747,980 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Valero Energy Corporation by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 11,825,862 shares of the oil and gas company’s stock worth $797,793,000 after acquiring an additional 65,704 shares during the last quarter. LSV Asset Management grew its stake in shares of Valero Energy Corporation by 4.2% in the second quarter. LSV Asset Management now owns 9,076,859 shares of the oil and gas company’s stock worth $612,324,000 after acquiring an additional 366,009 shares during the last quarter. Finally, American International Group Inc. grew its stake in shares of Valero Energy Corporation by 1.4% in the first quarter. American International Group Inc. now owns 7,539,695 shares of the oil and gas company’s stock worth $499,806,000 after acquiring an additional 102,794 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Several equities research analysts have recently issued reports on VLO shares. BidaskClub upgraded shares of Valero Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Credit Suisse Group restated a “hold” rating and issued a $65.00 price objective on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Jefferies Group LLC upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and raised their price objective for the stock from $65.00 to $80.00 in a research note on Thursday, June 22nd. Scotiabank set a $70.00 price objective on shares of Valero Energy Corporation and gave the stock a “buy” rating in a research note on Monday, June 26th. Finally, Standpoint Research started coverage on shares of Valero Energy Corporation in a research note on Friday, June 30th. They issued an “accumulate” rating and a $84.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $74.61.

In other news, Director Stephen M. Waters sold 656 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $75.86, for a total transaction of $49,764.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The disclosure for this sale can be found here. Insiders have sold 55,168 shares of company stock valued at $4,015,279 over the last 90 days. 0.45% of the stock is owned by corporate insiders.

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Shares of Valero Energy Corporation (VLO) traded down 0.03% during mid-day trading on Tuesday, reaching $77.11. The company’s stock had a trading volume of 1,015,277 shares. Valero Energy Corporation has a 12 month low of $52.64 and a 12 month high of $78.64. The firm has a market cap of $34.06 billion, a PE ratio of 19.03 and a beta of 1.21. The company has a 50-day moving average of $71.67 and a 200-day moving average of $67.29.

Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The company had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. During the same period last year, the company earned $1.07 earnings per share. The firm’s revenue was up 13.6% compared to the same quarter last year. On average, analysts predict that Valero Energy Corporation will post $4.48 earnings per share for the current year.

About Valero Energy Corporation

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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