Virginia Retirement Systems ET AL maintained its position in shares of Valero Energy Corporation (NYSE:VLO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 369,843 shares of the oil and gas company’s stock at the end of the second quarter. Virginia Retirement Systems ET AL owned 0.08% of Valero Energy Corporation worth $24,950,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its position 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 during the period. Vanguard Group Inc. raised its position 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 during the period. LSV Asset Management raised its position 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 during the period. American International Group Inc. raised its position 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 during the period. Finally, APG Asset Management N.V. raised its position in shares of Valero Energy Corporation by 1.9% in the second quarter. APG Asset Management N.V. now owns 5,103,965 shares of the oil and gas company’s stock valued at $344,313,000 after buying an additional 97,550 shares during the period. 80.72% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Corporation (VLO) opened at 67.67 on Monday. The stock has a market capitalization of $29.89 billion, a P/E ratio of 16.70 and a beta of 1.21. The stock has a 50 day moving average of $67.32 and a 200 day moving average of $66.12. Valero Energy Corporation has a 52 week low of $51.17 and a 52 week high of $71.40.

Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The business had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $19.32 billion. During the same quarter in the prior year, the business earned $1.07 EPS. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, equities research analysts predict that Valero Energy Corporation will post $4.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 9th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend is Monday, August 7th. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 69.14%.

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Several equities analysts recently commented on VLO shares. US Capital Advisors reaffirmed an “overweight” rating on shares of Valero Energy Corporation in a research report on Monday, May 22nd. BidaskClub downgraded shares of Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Jefferies Group LLC decreased their price objective on shares of Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. Piper Jaffray Companies reiterated a “neutral” rating on shares of Valero Energy Corporation in a research note on Thursday, May 25th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $65.00 price objective on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Valero Energy Corporation presently has an average rating of “Buy” and a consensus target price of $72.62.

In related news, Director Susan Kaufman Purcell sold 5,151 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total value of $333,166.68. Following 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 can be accessed through this hyperlink. 0.45% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for Valero Energy Corporation (NYSE:VLO)

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