BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 33.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 339,163 shares of the oil and gas company’s stock after purchasing an additional 84,254 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.08% of Valero Energy worth $26,092,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of VLO. Peddock Capital Advisors LLC raised its position in shares of Valero Energy by 8.1% in the 3rd quarter. Peddock Capital Advisors LLC now owns 12,147 shares of the oil and gas company’s stock worth $934,000 after buying an additional 913 shares during the period. AMP Capital Investors Ltd raised its position in shares of Valero Energy by 0.3% in the 3rd quarter. AMP Capital Investors Ltd now owns 293,265 shares of the oil and gas company’s stock worth $22,561,000 after buying an additional 1,019 shares during the period. Advantage Investment Management LLC raised its position in shares of Valero Energy by 83.9% in the 3rd quarter. Advantage Investment Management LLC now owns 3,089 shares of the oil and gas company’s stock worth $238,000 after buying an additional 1,409 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Valero Energy by 2.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 366,000 shares of the oil and gas company’s stock worth $28,275,000 after buying an additional 7,200 shares during the period. Finally, Brave Asset Management Inc. raised its position in shares of Valero Energy by 8.9% in the 3rd quarter. Brave Asset Management Inc. now owns 22,788 shares of the oil and gas company’s stock worth $1,753,000 after buying an additional 1,859 shares during the period. 81.81% of the stock is currently owned by institutional investors.

Several brokerages recently weighed in on VLO. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $78.00 target price on shares of Valero Energy in a research report on Friday, November 17th. Standpoint Research lowered Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a research report on Thursday, November 16th. UBS raised their price objective on Valero Energy from $80.00 to $83.00 and gave the company a “neutral” rating in a research report on Wednesday, November 15th. Barclays raised their price objective on Valero Energy from $86.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, November 14th. Finally, Scotiabank reissued a “buy” rating and issued a $84.00 price objective on shares of Valero Energy in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. Valero Energy has a consensus rating of “Hold” and a consensus target price of $79.28.

Valero Energy Corporation (NYSE VLO) traded up $2.15 during trading hours on Wednesday, reaching $85.78. The company had a trading volume of 4,197,300 shares, compared to its average volume of 4,049,917. The firm has a market capitalization of $36,594.90, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.20. Valero Energy Corporation has a fifty-two week low of $60.69 and a fifty-two week high of $86.42. 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 (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.08. The business had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the firm earned $1.24 earnings per share. analysts expect that Valero Energy Corporation will post 4.84 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders 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 dividend on an annualized basis and a yield of 3.26%. Valero Energy’s payout ratio is currently 60.48%.

In other Valero Energy news, CFO Michael S. Ciskowski sold 53,012 shares of Valero Energy stock in a transaction that occurred on Tuesday, September 19th. The stock was 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 directly owns 67,413 shares in the company, valued at $4,913,059.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Philip J. Pfeiffer sold 1,500 shares of Valero Energy stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $81.42, for a total value of $122,130.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,768 shares of company stock valued at $4,161,601. 0.45% of the stock is currently owned by insiders.

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Valero Energy 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 (NYSE:VLO)

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