Suntrust Banks Inc. raised its holdings in Valero Energy Corporation (NYSE:VLO) by 3.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,372 shares of the oil and gas company’s stock after purchasing an additional 4,171 shares during the quarter. Suntrust Banks Inc.’s holdings in Valero Energy Corporation were worth $8,118,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Guardian Life Insurance Co. of America raised its position in 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 period. BKD Wealth Advisors LLC raised its position in Valero Energy Corporation by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 6,542 shares of the oil and gas company’s stock valued at $441,000 after purchasing an additional 24 shares during the period. Brown Advisory Securities LLC raised its position in Valero Energy Corporation by 0.7% in the first quarter. Brown Advisory Securities LLC now owns 3,815 shares of the oil and gas company’s stock valued at $254,000 after purchasing an additional 25 shares during the period. Eads & Heald Investment Counsel raised its position in Valero Energy Corporation by 0.3% in the second quarter. Eads & Heald Investment Counsel now owns 8,420 shares of the oil and gas company’s stock valued at $568,000 after purchasing an additional 25 shares during the period. Finally, Ferguson Wellman Capital Management Inc. raised its position in Valero Energy Corporation by 0.7% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 4,140 shares of the oil and gas company’s stock valued at $279,000 after purchasing an additional 30 shares during the period. Institutional investors own 80.69% of the company’s stock.

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A number of equities research analysts have commented on VLO shares. Standpoint Research started coverage on Valero Energy Corporation in a research report on Friday, June 30th. They issued an “accumulate” rating and a $84.00 target price on the stock. Scotiabank set a $70.00 price objective on Valero Energy Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. Jefferies Group LLC upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating and boosted their price objective for the company from $65.00 to $80.00 in a report on Thursday, June 22nd. Citigroup Inc. cut their price objective on Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, July 17th. Finally, BidaskClub upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $73.09.

Valero Energy Corporation (VLO) traded up 1.27% on Friday, hitting $74.29. The stock had a trading volume of 3,263,922 shares. Valero Energy Corporation has a one year low of $51.17 and a one year high of $74.36. The stock has a market cap of $32.81 billion, a P/E ratio of 18.34 and a beta of 1.19. The company’s 50-day moving average is $68.09 and its 200-day moving average is $66.42.

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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.59% 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 earned $1.07 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, analysts anticipate that Valero Energy Corporation will post $4.36 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend was Monday, August 7th. Valero Energy Corporation’s payout ratio is 69.14%.

In other news, CFO Michael S. Ciskowski sold 53,012 shares of Valero Energy Corporation stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the sale, the chief financial officer now directly owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen M. Waters sold 1,500 shares of Valero Energy Corporation stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total value of $102,000.00. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by insiders.

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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