Weaver C. Barksdale & Associates Inc. boosted its position in shares of Valero Energy Corporation (NYSE:VLO) by 2.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 22,604 shares of the oil and gas company’s stock after buying an additional 616 shares during the period. Valero Energy Corporation comprises about 1.8% of Weaver C. Barksdale & Associates Inc.’s portfolio, making the stock its 10th largest position. Weaver C. Barksdale & Associates Inc.’s holdings in Valero Energy Corporation were worth $1,525,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of VLO. BlackRock Inc. boosted its stake 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 buying an additional 36,790,343 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 buying an additional 827,661 shares during the last quarter. Stifel Financial Corp boosted its stake 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 buying an additional 767,150 shares during the last quarter. LSV Asset Management boosted its stake 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 buying an additional 514,850 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Valero Energy Corporation by 34.0% in the first quarter. TIAA CREF Investment Management LLC now owns 1,914,732 shares of the oil and gas company’s stock worth $126,928,000 after buying an additional 485,868 shares during the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.

Shares of Valero Energy Corporation (VLO) traded up 0.22% during mid-day trading on Monday, reaching $67.98. The company’s stock had a trading volume of 745,994 shares. Valero Energy Corporation has a 52 week low of $51.17 and a 52 week high of $71.40. The firm has a market capitalization of $30.40 billion, a PE ratio of 16.80 and a beta of 1.21. The firm has a 50-day moving average of $67.10 and a 200-day moving average of $66.09.

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 for the quarter, beating the consensus estimate of $1.08 by $0.15. The company had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. Valero Energy Corporation had a return on equity of 8.58% and a net margin of 2.17%. The company’s revenue was up 13.6% on a year-over-year basis. During the same period last year, the firm earned $1.07 earnings per share. Equities research analysts forecast that Valero Energy Corporation will post $4.00 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.80 annualized dividend and a dividend yield of 4.09%. Valero Energy Corporation’s dividend payout ratio is presently 69.14%.

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A number of equities research analysts have recently weighed in on VLO shares. Credit Suisse Group reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Citigroup Inc. reaffirmed a “neutral” rating and issued a $70.00 price objective (up from $69.50) on shares of Valero Energy Corporation in a research note on Saturday, April 22nd. Morgan Stanley cut Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $77.00 to $70.00 in a research note on Tuesday, May 30th. BidaskClub raised Valero Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, Jefferies Group LLC set a $65.00 price objective on Valero Energy Corporation and gave the company a “hold” rating in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Valero Energy Corporation has a consensus rating of “Buy” and an average price target of $71.59.

In other news, Director Susan Kaufman Purcell sold 5,151 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was 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 in the company, valued at $638,132.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is owned by company insiders.

Valero Energy Corporation Company 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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