Denali Advisors LLC increased its stake in Valero Energy Corporation (NYSE:VLO) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,194 shares of the oil and gas company’s stock after buying an additional 3,000 shares during the period. Valero Energy Corporation makes up approximately 2.2% of Denali Advisors LLC’s portfolio, making the stock its 11th largest position. Denali Advisors LLC’s holdings in Valero Energy Corporation were worth $13,235,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Valero Energy Corporation by 2,578.1% in the first quarter. BlackRock Inc. now owns 38,217,393 shares of the oil and gas company’s stock valued at $2,533,433,000 after buying an additional 36,790,343 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Valero Energy Corporation by 2.5% in the first quarter. Vanguard Group Inc. now owns 33,405,279 shares of the oil and gas company’s stock valued at $2,214,436,000 after buying an additional 827,661 shares in the last quarter. LSV Asset Management increased its stake in shares of Valero Energy Corporation by 6.3% in the first quarter. LSV Asset Management now owns 8,710,850 shares of the oil and gas company’s stock valued at $577,442,000 after buying an additional 514,850 shares in the last quarter. American International Group Inc. increased its stake in shares of Valero Energy Corporation by 1.4% in the first quarter. American International Group Inc. now owns 7,539,695 shares of the oil and gas company’s stock valued at $499,806,000 after buying an additional 102,794 shares in the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Valero Energy Corporation by 4.5% in the first quarter. APG Asset Management N.V. now owns 5,006,415 shares of the oil and gas company’s stock valued at $331,875,000 after buying an additional 216,881 shares in the last quarter. 79.25% of the stock is owned by institutional investors.

Shares of Valero Energy Corporation (NYSE:VLO) traded down 0.453% during mid-day trading on Tuesday, reaching $67.692. 709,626 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $67.10 and its 200 day moving average price is $66.09. Valero Energy Corporation has a 52-week low of $51.17 and a 52-week high of $71.40. The company has a market cap of $30.27 billion, a PE ratio of 16.731 and a beta of 1.21.

Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.15. The business had revenue of $22.25 billion during the quarter, compared to analyst estimates of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.58%. Valero Energy Corporation’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 EPS. On average, equities research analysts predict that Valero Energy Corporation will post $4.00 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a yield of 4.12%. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 69.14%.

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VLO has been the subject of several research reports. US Capital Advisors reissued an “overweight” rating on shares of Valero Energy Corporation in a research report on Monday, May 22nd. Jefferies Group LLC set a $65.00 price objective on shares of Valero Energy Corporation and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Piper Jaffray Companies reissued a “neutral” rating on shares of Valero Energy Corporation in a research report on Thursday, May 25th. Credit Suisse Group reissued a “hold” rating and set a $65.00 price objective on shares of Valero Energy Corporation in a research report on Wednesday, June 21st. Finally, Scotiabank set a $70.00 price objective on shares of Valero Energy Corporation and gave the stock a “buy” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $71.59.

In other news, Director Susan Kaufman Purcell sold 5,151 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 9,866 shares in the company, valued at approximately $638,132.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.45% of the company’s stock.

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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