Investec Asset Management PTY Ltd boosted its position in shares of Valero Energy Corporation (NYSE:VLO) by 49.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,146 shares of the oil and gas company’s stock after purchasing an additional 5,706 shares during the period. Investec Asset Management PTY Ltd’s holdings in Valero Energy Corporation were worth $1,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VLO. BlackRock Inc. grew its holdings in Valero Energy Corporation by 2,578.1% during the 1st quarter. BlackRock Inc. now owns 38,217,393 shares of the oil and gas company’s stock valued at $2,533,433,000 after purchasing an additional 36,790,343 shares in the last quarter. Harbour Capital Advisors LLC grew its holdings in Valero Energy Corporation by 6,236.6% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,226,760 shares of the oil and gas company’s stock valued at $18,185,000 after purchasing an additional 1,207,400 shares in the last quarter. Vanguard Group Inc. grew its holdings in Valero Energy Corporation by 2.5% during the 1st 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 purchasing an additional 827,661 shares in the last quarter. Stifel Financial Corp grew its holdings in Valero Energy Corporation by 133.7% during the 1st quarter. Stifel Financial Corp now owns 1,340,904 shares of the oil and gas company’s stock valued at $88,895,000 after purchasing an additional 767,150 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in Valero Energy Corporation by 34.0% during the 1st quarter. TIAA CREF Investment Management LLC now owns 1,914,732 shares of the oil and gas company’s stock valued at $126,928,000 after purchasing an additional 485,868 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

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In other Valero Energy Corporation news, Director Stephen M. Waters sold 1,500 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total value of $102,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Susan Kaufman Purcell sold 5,151 shares of the business’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 completion of the sale, the director now directly owns 9,866 shares in the company, valued at approximately $638,132.88. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

Valero Energy Corporation (NYSE VLO) traded up 0.93% on Monday, hitting $71.79. 579,930 shares of the stock were exchanged. The company’s 50 day moving average is $67.83 and its 200 day moving average is $66.36. Valero Energy Corporation has a 1-year low of $51.17 and a 1-year high of $71.89. The stock has a market cap of $31.71 billion, a PE ratio of 17.72 and a beta of 1.19.

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

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

VLO has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price target on shares of Valero Energy Corporation in a report on Thursday, August 31st. Credit Suisse Group reaffirmed a “hold” rating and set a $65.00 price target on shares of Valero Energy Corporation in a report on Wednesday, June 21st. Morgan Stanley lowered shares of Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $77.00 to $70.00 in a report on Tuesday, May 30th. BidaskClub lowered shares of Valero Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Scotiabank set a $70.00 price target on shares of Valero Energy Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. One 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 currently has an average rating of “Buy” and a consensus target price of $72.56.

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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