Valero Energy Corporation (VLO) Shares Sold by Citizens Financial Group Inc RI

Citizens Financial Group Inc RI decreased its stake in shares of Valero Energy Corporation (NYSE:VLO) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 90,169 shares of the oil and gas company’s stock after selling 1,967 shares during the period. Citizens Financial Group Inc RI’s holdings in Valero Energy Corporation were worth $6,083,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of VLO. BlackRock Inc. increased 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 worth $2,533,433,000 after acquiring an additional 36,790,343 shares in the last quarter. Harbour Capital Advisors LLC increased its position in shares of Valero Energy Corporation by 6,236.6% in the second quarter. Harbour Capital Advisors LLC now owns 1,226,760 shares of the oil and gas company’s stock worth $18,185,000 after acquiring an additional 1,207,400 shares in the last quarter. Vanguard Group Inc. increased 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 worth $2,214,436,000 after acquiring an additional 827,661 shares in the last quarter. Stifel Financial Corp increased 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 worth $88,895,000 after acquiring an additional 767,150 shares in the last quarter. Finally, LSV Asset Management increased 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 worth $577,442,000 after acquiring an additional 514,850 shares in the last quarter. 80.75% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on VLO. Goldman Sachs Group, Inc. (The) lowered shares of Valero Energy Corporation from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $65.55 to $73.00 in a research report on Tuesday, May 16th. BidaskClub raised shares of Valero Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. US Capital Advisors lowered shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research report on Thursday, August 17th. Citigroup Inc. dropped their price objective on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, July 17th. Finally, Jefferies Group LLC raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $65.00 to $80.00 in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $72.56.

In other Valero Energy Corporation news, Director Stephen M. Waters sold 1,500 shares of Valero Energy Corporation stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total transaction of $102,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Susan Kaufman Purcell sold 5,151 shares of Valero Energy Corporation stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total transaction of $333,166.68. Following the sale, the director now owns 9,866 shares in the company, valued at approximately $638,132.88. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

Valero Energy Corporation (VLO) traded up 0.49% on Tuesday, reaching $70.15. 834,464 shares of the company’s stock were exchanged. The stock has a market capitalization of $30.98 billion, a PE ratio of 17.32 and a beta of 1.19. The firm has a 50 day moving average of $67.46 and a 200 day moving average of $66.22. Valero Energy Corporation has a 12 month low of $51.17 and a 12 month high of $71.40.

Valero Energy Corporation (NYSE:VLO) last announced its earnings results 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 net margin of 2.17% and a return on equity of 8.59%. The business had revenue of $22.25 billion for the quarter, compared to analyst estimates of $19.32 billion. During the same quarter in the previous year, the firm posted $1.07 earnings per share. Valero Energy Corporation’s revenue was up 13.6% compared to the same quarter last year. Equities analysts predict that Valero Energy Corporation will post $4.14 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Wednesday, August 9th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend was Monday, August 7th. Valero Energy Corporation’s dividend payout ratio (DPR) is currently 69.14%.

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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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