Victory Capital Management Inc. boosted its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 64.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,120 shares of the oil and gas company’s stock after purchasing an additional 86,739 shares during the period. Victory Capital Management Inc. owned about 0.05% of Valero Energy Corporation worth $17,088,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in VLO. BlackRock Inc. grew its holdings in shares of 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 worth $2,533,433,000 after acquiring an additional 36,790,343 shares during the period. FMR LLC grew its holdings in shares of Valero Energy Corporation by 146.1% during the 2nd quarter. FMR LLC now owns 2,224,590 shares of the oil and gas company’s stock worth $150,071,000 after acquiring an additional 1,320,524 shares during the period. Harbour Capital Advisors LLC grew its holdings in shares of 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 worth $18,185,000 after acquiring an additional 1,207,400 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Valero Energy Corporation by 1,780.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,127,141 shares of the oil and gas company’s stock worth $76,039,000 after acquiring an additional 1,067,201 shares during the period. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of Valero Energy Corporation by 88.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,138,646 shares of the oil and gas company’s stock worth $144,273,000 after acquiring an additional 1,005,206 shares during the period. Institutional investors own 80.81% of the company’s stock.

A number of research firms have weighed in on VLO. Citigroup Inc. reduced their target price 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. BidaskClub downgraded Valero Energy Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Jefferies Group LLC downgraded Valero Energy Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 16th. US Capital Advisors downgraded Valero Energy Corporation from an “overweight” rating to a “hold” rating in a report on Thursday, August 17th. Finally, Cowen and Company reissued a “buy” rating and issued a $90.00 price target on shares of Valero Energy Corporation in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the stock. Valero Energy Corporation currently has an average rating of “Hold” and a consensus target price of $77.19.

In related news, Director Stephen M. Waters sold 1,500 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total transaction of $102,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the completion of the transaction, the chief financial officer now directly owns 67,413 shares in the company, valued at $4,913,059.44. The disclosure for this sale can be found here. Insiders have sold 56,768 shares of company stock valued at $4,141,471 over the last quarter. Insiders own 0.45% of the company’s stock.

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Shares of Valero Energy Corporation (VLO) opened at $81.37 on Monday. Valero Energy Corporation has a one year low of $60.35 and a one year high of $82.19. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39. The company has a market cap of $35,605.96, a price-to-earnings ratio of 17.58, a PEG ratio of 1.69 and a beta of 1.17.

Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, topping 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 business had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $19.42 billion. During the same period in the previous year, the firm posted $1.24 earnings per share. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. research analysts predict that Valero Energy Corporation will post 4.83 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.44%. Valero Energy Corporation’s payout ratio is currently 60.48%.

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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