Summit Financial Wealth Advisors LLC raised its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 65.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,254 shares of the oil and gas company’s stock after purchasing an additional 18,241 shares during the period. Valero Energy Corporation accounts for approximately 1.3% of Summit Financial Wealth Advisors LLC’s holdings, making the stock its 17th biggest holding. Summit Financial Wealth Advisors LLC’s holdings in Valero Energy Corporation were worth $3,558,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. OLD Republic International Corp acquired a new stake in shares of Valero Energy Corporation in the 1st quarter valued at approximately $11,435,000. Aberdeen Asset Management PLC UK raised its position in shares of Valero Energy Corporation by 19.0% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,082,989 shares of the oil and gas company’s stock valued at $73,059,000 after acquiring an additional 172,788 shares during the period. Snow Capital Management LP raised its position in shares of Valero Energy Corporation by 0.5% in the 1st quarter. Snow Capital Management LP now owns 19,003 shares of the oil and gas company’s stock valued at $1,260,000 after acquiring an additional 101 shares during the period. Brookstone Capital Management raised its position in shares of Valero Energy Corporation by 4.4% in the 2nd quarter. Brookstone Capital Management now owns 86,688 shares of the oil and gas company’s stock valued at $5,848,000 after acquiring an additional 3,644 shares during the period. Finally, Andra AP fonden raised its position in shares of Valero Energy Corporation by 2.9% in the 2nd quarter. Andra AP fonden now owns 71,300 shares of the oil and gas company’s stock valued at $4,810,000 after acquiring an additional 2,000 shares during the period. Institutional investors own 80.81% of the company’s stock.

A number of brokerages recently weighed in on VLO. Evercore ISI upgraded shares of Valero Energy Corporation from an “in-line” rating to an “outperform” rating in a research report on Thursday, November 2nd. Jefferies Group LLC downgraded shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Zacks Investment Research upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Monday, October 16th. Citigroup Inc. increased their price target on shares of Valero Energy Corporation from $68.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $87.00 price target (up from $74.00) on shares of Valero Energy Corporation in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $77.19.

In related news, Director Stephen M. Waters sold 1,600 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $78.87, for a total value of $126,192.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s 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 of the company’s stock, valued at $4,913,059.44. The disclosure for this sale can be found here. Insiders sold 56,768 shares of company stock valued at $4,141,471 over the last three months. 0.45% of the stock is owned by company insiders.

Shares of Valero Energy Corporation (NYSE:VLO) traded down $0.26 on Monday, hitting $81.11. 937,959 shares of the stock traded hands, compared to its average volume of 4,097,899. The company has a market cap of $35,840.00, a PE ratio of 17.58, a P/E/G ratio of 1.69 and a beta of 1.17. Valero Energy Corporation has a one year low of $60.35 and a one year high of $82.19. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39.

Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.08. The company had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $19.42 billion. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.87%. The business’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period last year, the business earned $1.24 EPS. equities research analysts forecast that Valero Energy Corporation will post 4.83 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be paid a $0.70 dividend. The ex-dividend date is Monday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.45%. Valero Energy Corporation’s dividend payout ratio is presently 60.74%.

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Valero Energy Corporation 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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