Sei Investments Co. raised its stake in Valero Energy Corporation (NYSE:VLO) by 24.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,437 shares of the oil and gas company’s stock after purchasing an additional 23,514 shares during the period. Sei Investments Co.’s holdings in Valero Energy Corporation were worth $9,188,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. BKD Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 24 shares in the last quarter. Eads & Heald Investment Counsel grew its stake in shares of 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 acquiring an additional 25 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its stake in shares of 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 acquiring an additional 30 shares in the last quarter. Wetherby Asset Management Inc. grew its stake in shares of Valero Energy Corporation by 0.6% in the second quarter. Wetherby Asset Management Inc. now owns 6,067 shares of the oil and gas company’s stock valued at $409,000 after acquiring an additional 38 shares in the last quarter. Finally, Capital Wealth Planning LLC lifted its position in Valero Energy Corporation by 1.1% during the second quarter. Capital Wealth Planning LLC now owns 4,045 shares of the oil and gas company’s stock worth $273,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 81.75% of the company’s stock.

In related news, CFO Michael S. Ciskowski sold 53,012 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 67,413 shares in the company, valued at approximately $4,913,059.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Stephen M. Waters sold 1,500 shares of the business’s stock in a transaction on 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. Over the last ninety days, insiders have sold 58,268 shares of company stock valued at $4,263,601. 0.45% of the stock is currently owned by corporate insiders.

Valero Energy Corporation (VLO) opened at $82.09 on Tuesday. The firm has a market capitalization of $36,610.00, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91. Valero Energy Corporation has a 1-year low of $60.35 and a 1-year high of $82.92.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Monday, November 20th. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 60.74%.

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A number of research analysts have recently commented on VLO shares. BidaskClub cut shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Scotiabank set a $70.00 target price on shares of Valero Energy Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. US Capital Advisors lowered shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a report on Thursday, August 17th. Jefferies Group LLC decreased their target price on shares of Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, August 23rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $77.00 target price on shares of Valero Energy Corporation in a research report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $79.28.

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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