Valero Energy Corporation (NYSE:VLO) Shares Sold by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC lowered its holdings in Valero Energy Corporation (NYSE:VLO) by 80.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,922 shares of the oil and gas company’s stock after selling 73,255 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Valero Energy Corporation were worth $914,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VLO. Independent Portfolio Consultants Inc. increased its stake in shares of Valero Energy Corporation by 62.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock worth $109,000 after acquiring an additional 619 shares during the last quarter. First Personal Financial Services grew its position in shares of Valero Energy Corporation by 13.6% in the second quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 196 shares during the last quarter. Guardian Life Insurance Co. of America grew its position in shares of Valero Energy Corporation by 0.6% in the first 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 purchasing an additional 11 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Valero Energy Corporation in the first quarter valued at about $127,000. Finally, Sandy Spring Bank grew its position in shares of Valero Energy Corporation by 96.9% in the first quarter. Sandy Spring Bank now owns 2,712 shares of the oil and gas company’s stock valued at $179,000 after purchasing an additional 1,335 shares during the last quarter. Institutional investors own 80.75% of the company’s stock.

Valero Energy Corporation (NYSE VLO) opened at 69.93 on Friday. The company has a market capitalization of $30.89 billion, a PE ratio of 17.26 and a beta of 1.19. The stock’s 50 day moving average is $67.73 and its 200-day moving average is $66.33. 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 issued its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, beating the 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 company had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $19.32 billion. During the same quarter in the previous year, the company earned $1.07 earnings per share. Valero Energy Corporation’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, analysts expect that Valero Energy Corporation will post $4.29 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th were given a dividend of $0.70 per share. The ex-dividend date was Monday, August 7th. This represents a $2.80 annualized dividend and a yield of 4.00%. Valero Energy Corporation’s payout ratio is presently 69.14%.

VLO has been the topic of several research analyst reports. ValuEngine raised Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. US Capital Advisors reiterated an “overweight” rating on shares of Valero Energy Corporation in a research note on Monday, May 22nd. BidaskClub cut shares of Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Jefferies Group LLC cut their price target on shares of Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $77.00 price target on shares of Valero Energy Corporation in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $72.56.

In related news, Director Stephen M. Waters sold 1,500 shares of the company’s 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Kaufman Purcell sold 5,151 shares of the company’s 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 sale, the director now owns 9,866 shares of the company’s stock, valued at $638,132.88. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

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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.

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

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