Fort Washington Investment Advisors Inc. OH Has $1,058,000 Stake in Valero Energy Corporation (VLO)

Fort Washington Investment Advisors Inc. OH continued to hold its stake in Valero Energy Corporation (NYSE:VLO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,679 shares of the oil and gas company’s stock at the close of the second quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Valero Energy Corporation were worth $1,058,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in VLO. Independent Portfolio Consultants Inc. lifted its stake in shares of Valero Energy Corporation by 62.2% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock valued at $109,000 after acquiring an additional 619 shares during the last quarter. First Personal Financial Services lifted its stake in shares of Valero Energy Corporation by 13.6% in the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 196 shares during the last quarter. Guardian Life Insurance Co. of America lifted its stake in shares of Valero Energy Corporation by 0.6% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock valued at $116,000 after acquiring an additional 11 shares during the last quarter. Thompson Davis & CO. Inc. bought a new position in shares of Valero Energy Corporation in the 1st quarter valued at $127,000. Finally, Ffcm LLC lifted its stake in shares of Valero Energy Corporation by 189.4% in the 2nd quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock valued at $128,000 after acquiring an additional 1,231 shares during the last quarter. Institutional investors own 80.75% of the company’s stock.

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Shares of Valero Energy Corporation (NYSE:VLO) opened at 71.13 on Friday. Valero Energy Corporation has a one year low of $51.17 and a one year high of $71.51. The firm has a market capitalization of $31.42 billion, a P/E ratio of 17.56 and a beta of 1.19. The firm’s 50-day moving average price is $67.83 and its 200-day moving average price is $66.36.

Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.15. The business had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. On average, equities analysts forecast that Valero Energy Corporation will post $4.29 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Monday, August 7th. Valero Energy Corporation’s dividend payout ratio (DPR) is 69.14%.

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

A number of research analysts have recently commented on VLO shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $77.00 price target on shares of Valero Energy Corporation in a research note on Thursday, August 31st. Credit Suisse Group reiterated a “hold” rating and issued a $65.00 price target on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Morgan Stanley cut Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $77.00 to $70.00 in a research note on Tuesday, May 30th. BidaskClub cut Valero Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Scotiabank set a $70.00 price target on Valero Energy Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. One 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 stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $72.56.

Valero Energy Corporation 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.

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

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