Landsberg Bennett & Dubbaneh LLC acquired a new position in Valero Energy Co. (NYSE:VLO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,897 shares of the oil and gas company’s stock, valued at approximately $328,000.

Several other large investors also recently bought and sold shares of VLO. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Valero Energy by 1.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 40,372 shares of the oil and gas company’s stock valued at $3,456,000 after purchasing an additional 688 shares during the last quarter. Whittier Trust Co. boosted its holdings in shares of Valero Energy by 1.5% during the 2nd quarter. Whittier Trust Co. now owns 132,199 shares of the oil and gas company’s stock valued at $11,318,000 after purchasing an additional 1,995 shares during the last quarter. Manchester Financial Inc. bought a new position in shares of Valero Energy during the 2nd quarter valued at about $52,000. WP Advisors LLC boosted its holdings in shares of Valero Energy by 16.8% during the 2nd quarter. WP Advisors LLC now owns 5,653 shares of the oil and gas company’s stock valued at $484,000 after purchasing an additional 812 shares during the last quarter. Finally, Roman Butler Fullerton & Co. boosted its holdings in shares of Valero Energy by 8.7% during the 2nd quarter. Roman Butler Fullerton & Co. now owns 10,380 shares of the oil and gas company’s stock valued at $889,000 after purchasing an additional 830 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Shares of NYSE:VLO traded up $0.86 during trading on Friday, reaching $84.31. The company’s stock had a trading volume of 2,712,456 shares, compared to its average volume of 2,858,408. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 0.41. Valero Energy Co. has a 12 month low of $68.81 and a 12 month high of $122.42. The company’s 50 day moving average price is $81.54. The stock has a market cap of $34.82 billion, a PE ratio of 13.95, a PEG ratio of 1.90 and a beta of 1.47.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.14. Valero Energy had a net margin of 2.27% and a return on equity of 11.23%. The firm had revenue of $28.93 billion during the quarter, compared to the consensus estimate of $25.45 billion. During the same quarter last year, the firm earned $2.15 EPS. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, equities analysts predict that Valero Energy Co. will post 5.5 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 6th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Monday, August 5th. Valero Energy’s dividend payout ratio (DPR) is currently 48.85%.

Several research analysts have commented on the stock. Raymond James set a $33.00 price objective on shares of LKQ and gave the company a “buy” rating in a report on Friday, April 26th. JPMorgan Chase & Co. set a €20.00 ($23.26) price target on shares of STMicroelectronics and gave the company a “buy” rating in a report on Tuesday, May 14th. Morgan Stanley lowered their price target on shares of Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. ValuEngine raised shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Finally, Goldman Sachs Group raised shares of Exelon from a “neutral” rating to a “buy” rating and increased their price target for the company from $48.00 to $52.00 in a report on Thursday, June 6th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Valero Energy has an average rating of “Buy” and a consensus price target of $109.02.

About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.

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

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