Thompson Davis & CO. Inc. Buys 333 Shares of Valero Energy Corporation (VLO)

Thompson Davis & CO. Inc. lifted its stake in Valero Energy Corporation (NYSE:VLO) by 17.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,245 shares of the oil and gas company’s stock after buying an additional 333 shares during the period. Thompson Davis & CO. Inc.’s holdings in Valero Energy Corporation were worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Bfsg LLC bought a new stake in shares of Valero Energy Corporation in the second quarter valued at approximately $347,000. Martingale Asset Management L P boosted its stake in shares of Valero Energy Corporation by 26.0% in the second quarter. Martingale Asset Management L P now owns 89,633 shares of the oil and gas company’s stock valued at $6,047,000 after buying an additional 18,506 shares during the period. Jacobi Capital Management LLC boosted its stake in shares of Valero Energy Corporation by 249.8% in the second quarter. Jacobi Capital Management LLC now owns 3,568 shares of the oil and gas company’s stock valued at $243,000 after buying an additional 2,548 shares during the period. Johnson Financial Group Inc. boosted its stake in shares of Valero Energy Corporation by 3.0% in the second quarter. Johnson Financial Group Inc. now owns 40,076 shares of the oil and gas company’s stock valued at $2,704,000 after buying an additional 1,166 shares during the period. Finally, Pittenger & Anderson Inc. boosted its stake in shares of Valero Energy Corporation by 45.6% in the second quarter. Pittenger & Anderson Inc. now owns 9,285 shares of the oil and gas company’s stock valued at $626,000 after buying an additional 2,910 shares during the period. Institutional investors and hedge funds own 80.75% of the company’s stock.

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

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Shares of Valero Energy Corporation (VLO) traded up 0.99% on Friday, hitting $69.54. 3,771,329 shares of the stock traded hands. The firm has a market cap of $30.71 billion, a P/E ratio of 17.17 and a beta of 1.19. Valero Energy Corporation has a 52 week low of $51.17 and a 52 week high of $71.40. The stock has a 50-day moving average price of $67.47 and a 200 day moving average price of $66.22.

Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, topping 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 company had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. During the same period in the previous year, the firm posted $1.07 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year. Equities research analysts predict that Valero Energy Corporation will post $4.14 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Monday, August 7th. Valero Energy Corporation’s dividend payout ratio is currently 69.14%.

Several brokerages recently issued reports on VLO. Citigroup Inc. cut their price target on Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, July 17th. BidaskClub upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Morgan Stanley cut Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $77.00 to $70.00 in a research note on Tuesday, May 30th. ValuEngine upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, US Capital Advisors cut Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research note on Thursday, August 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $72.56.

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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