Advisors Asset Management Inc. increased its stake in Valero Energy Corporation (NYSE:VLO) by 5.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,231 shares of the oil and gas company’s stock after purchasing an additional 4,870 shares during the quarter. Advisors Asset Management Inc.’s holdings in Valero Energy Corporation were worth $7,711,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BKD Wealth Advisors LLC increased its holdings in shares of Valero Energy Corporation by 0.4% in the 2nd 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 in the last quarter. Eads & Heald Investment Counsel increased its holdings in shares of Valero Energy Corporation by 0.3% in the 2nd 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 in the last quarter. Ferguson Wellman Capital Management Inc. increased its holdings in shares of Valero Energy Corporation by 0.7% in the 2nd 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 in the last quarter. Wetherby Asset Management Inc. increased its holdings in shares of Valero Energy Corporation by 0.6% in the 2nd quarter. Wetherby Asset Management Inc. now owns 6,067 shares of the oil and gas company’s stock valued at $409,000 after purchasing an additional 38 shares in the last quarter. Finally, Capital Wealth Planning LLC increased its holdings in shares of Valero Energy Corporation by 1.1% in the 2nd quarter. Capital Wealth Planning LLC now owns 4,045 shares of the oil and gas company’s stock valued at $273,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

VLO has been the subject of a number of research analyst reports. Deutsche Bank AG reiterated a “hold” rating and issued a $73.00 price target (up previously from $65.00) on shares of Valero Energy Corporation in a report on Wednesday, September 20th. Wells Fargo & Company reiterated an “outperform” rating and issued a $87.00 price target (up previously from $74.00) on shares of Valero Energy Corporation in a report on Tuesday, October 17th. ValuEngine upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Monday, October 16th. Finally, Jefferies Group LLC cut their price target on shares of Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $79.28.

Valero Energy Corporation (NYSE:VLO) traded up $0.76 during midday trading on Friday, reaching $82.88. 2,820,881 shares of the company traded hands, compared to its average volume of 3,839,651. Valero Energy Corporation has a 52-week low of $60.35 and a 52-week high of $82.92. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.24. The stock has a market capitalization of $36,266.71, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17.

Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.08. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.87%. The firm had revenue of $23.56 billion for the quarter, compared to analyst estimates of $19.42 billion. During the same quarter last year, the firm posted $1.24 earnings per share. Valero Energy Corporation’s revenue for the quarter was up 19.9% compared to the same quarter last year. sell-side analysts anticipate that Valero Energy Corporation will post 4.83 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.80 annualized dividend and a yield of 3.38%. Valero Energy Corporation’s payout ratio is 60.48%.

In related news, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value of $3,863,514.56. Following the transaction, the chief financial officer now owns 67,413 shares in the company, valued at $4,913,059.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Philip J. Pfeiffer sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $81.42, for a total transaction of $122,130.00. The disclosure for this sale can be found here. Insiders sold 58,268 shares of company stock worth $4,263,601 in the last 90 days. 0.45% of the stock is currently owned by insiders.

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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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