Piedmont Investment Advisors LLC raised its position in shares of Valero Energy Corporation (NYSE:VLO) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,411 shares of the oil and gas company’s stock after acquiring an additional 1,348 shares during the quarter. Piedmont Investment Advisors LLC’s holdings in Valero Energy Corporation were worth $12,913,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Guardian Life Insurance Co. of America raised its holdings in shares of Valero Energy Corporation by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock valued at $116,000 after acquiring an additional 11 shares during the last quarter. BKD Wealth Advisors LLC grew its position 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 purchasing an additional 24 shares in the last quarter. Brown Advisory Securities LLC grew its position in shares of Valero Energy Corporation by 0.7% in the first quarter. Brown Advisory Securities LLC now owns 3,815 shares of the oil and gas company’s stock valued at $254,000 after purchasing an additional 25 shares in the last quarter. Eads & Heald Investment Counsel grew its position 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 purchasing an additional 25 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. grew its position 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 purchasing an additional 30 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on VLO shares. Credit Suisse Group restated a “hold” rating and issued a $65.00 price target on shares of Valero Energy Corporation in a research report on Wednesday, June 21st. Jefferies Group LLC upgraded 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. Scotiabank set a $70.00 price target on Valero Energy Corporation and gave the company a “buy” rating in a research report on Monday, June 26th. Standpoint Research started coverage on 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, BidaskClub upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $74.67.

Valero Energy Corporation (NYSE:VLO) traded down 0.46% on Thursday, hitting $77.56. The stock had a trading volume of 1,230,513 shares. The firm has a market cap of $34.26 billion, a price-to-earnings ratio of 19.15 and a beta of 1.22. Valero Energy Corporation has a one year low of $53.00 and a one year high of $78.64. The company’s 50-day moving average price is $72.39 and its 200 day moving average price is $67.45.

Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. The company had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. Valero Energy Corporation’s revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 EPS. Analysts expect that Valero Energy Corporation will post $4.48 earnings per share for the current year.

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In other Valero Energy Corporation news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael S. Ciskowski sold 53,012 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value of $3,863,514.56. Following the completion of the transaction, the chief financial officer now owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The disclosure for this sale can be found here. Insiders sold a total of 55,168 shares of company stock valued at $4,015,279 over the last quarter. 0.45% of the stock is currently owned by 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.

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

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