Great West Life Assurance Co. Can boosted its stake in shares of Valero Energy Corporation (NYSE:VLO) by 44.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,408,273 shares of the oil and gas company’s stock after buying an additional 432,669 shares during the period. Great West Life Assurance Co. Can’s holdings in Valero Energy Corporation were worth $94,877,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Eagle Global Advisors LLC purchased a new stake in shares of Valero Energy Corporation during the second quarter valued at approximately $255,000. Janney Montgomery Scott LLC increased its stake in shares of Valero Energy Corporation by 41.8% in the second quarter. Janney Montgomery Scott LLC now owns 81,267 shares of the oil and gas company’s stock valued at $5,482,000 after buying an additional 23,938 shares during the period. DT Investment Partners LLC increased its stake in shares of Valero Energy Corporation by 15.8% in the second quarter. DT Investment Partners LLC now owns 26,248 shares of the oil and gas company’s stock valued at $1,771,000 after buying an additional 3,590 shares during the period. Harbour Capital Advisors LLC increased its stake in shares of Valero Energy Corporation by 6,236.6% in the second 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 buying an additional 1,207,400 shares during the period. Finally, IBM Retirement Fund increased its stake in shares of Valero Energy Corporation by 108.4% in the second quarter. IBM Retirement Fund now owns 10,915 shares of the oil and gas company’s stock valued at $823,000 after buying an additional 5,678 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

Valero Energy Corporation (NYSE:VLO) opened at 66.15 on Friday. Valero Energy Corporation has a 52 week low of $51.17 and a 52 week high of $71.40. The firm has a market cap of $29.22 billion, a price-to-earnings ratio of 16.33 and a beta of 1.21. The stock’s 50 day moving average is $67.59 and its 200 day moving average is $66.16.

Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The company had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same period last year, the company earned $1.07 earnings per share. The firm’s revenue was up 13.6% compared to the same quarter last year. Equities research analysts expect that Valero Energy Corporation will post $4.01 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.23%. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 69.14%.

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Several brokerages recently commented on VLO. BidaskClub downgraded shares of Valero Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Scotiabank set a $70.00 price target on shares of Valero Energy Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. Citigroup Inc. reduced their price target on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, July 17th. Standpoint Research began coverage on shares of Valero Energy Corporation in a research report on Friday, June 30th. They issued an “accumulate” rating and a $84.00 price target for the company. Finally, Jefferies Group LLC upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and upped their price target for the company from $65.00 to $80.00 in a research report on Thursday, June 22nd. One 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. Valero Energy Corporation has a consensus rating of “Buy” and a consensus target price of $71.59.

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

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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