CENTRAL TRUST Co raised its stake in shares of Valero Energy Corporation (NYSE:VLO) by 9.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,465 shares of the oil and gas company’s stock after buying an additional 3,014 shares during the period. CENTRAL TRUST Co’s holdings in Valero Energy Corporation were worth $2,392,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its position in 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 valued at $2,533,433,000 after buying an additional 36,790,343 shares during the last quarter. Vanguard Group Inc. raised its position in 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 valued at $2,214,436,000 after buying an additional 827,661 shares during the last quarter. LSV Asset Management raised its position in 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 valued at $577,442,000 after buying an additional 514,850 shares during the last quarter. American International Group Inc. raised its position in Valero Energy Corporation by 1.4% in the first quarter. American International Group Inc. now owns 7,539,695 shares of the oil and gas company’s stock valued at $499,806,000 after buying an additional 102,794 shares during the last quarter. Finally, APG Asset Management N.V. raised its position in Valero Energy Corporation by 4.5% in the first quarter. APG Asset Management N.V. now owns 5,006,415 shares of the oil and gas company’s stock valued at $331,875,000 after buying an additional 216,881 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Valero Energy Corporation (NYSE:VLO) traded down 1.21% during midday trading on Wednesday, hitting $66.97. The stock had a trading volume of 1,368,020 shares. The stock has a market cap of $29.95 billion, a P/E ratio of 16.55 and a beta of 1.21. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $71.40. The company’s 50-day moving average price is $67.37 and its 200 day moving average price is $66.14.

Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.58% and a net margin of 2.17%. The business had revenue of $22.25 billion for the quarter, compared to analyst estimates of $19.32 billion. During the same period in the previous year, the company posted $1.07 earnings per share. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, equities research analysts predict that Valero Energy Corporation will post $4.00 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Monday, August 7th. Valero Energy Corporation’s payout ratio is 69.14%.

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Several equities research analysts have commented on VLO shares. US Capital Advisors restated an “overweight” rating on shares of Valero Energy Corporation in a research note on Monday, May 22nd. Jefferies Group LLC set a $65.00 price target on Valero Energy Corporation and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Piper Jaffray Companies restated a “neutral” rating on shares of Valero Energy Corporation in a research note on Thursday, May 25th. Credit Suisse Group restated a “hold” rating and set a $65.00 price target on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Finally, Scotiabank set a $70.00 price target on Valero Energy Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $71.59.

In other Valero Energy Corporation news, Director Susan Kaufman Purcell sold 5,151 shares of Valero Energy Corporation stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total transaction of $333,166.68. Following the sale, the director now directly owns 9,866 shares of the company’s stock, valued at $638,132.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is currently owned by insiders.

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.

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

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