State Board of Administration of Florida Retirement System increased its stake in Valero Energy Corporation (NYSE:VLO) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 719,612 shares of the oil and gas company’s stock after buying an additional 17,370 shares during the period. State Board of Administration of Florida Retirement System owned 0.16% of Valero Energy Corporation worth $48,545,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of VLO. Guardian Life Insurance Co. of America boosted its stake in Valero Energy Corporation by 0.6% in 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 buying an additional 11 shares during the last quarter. Welch & Forbes LLC boosted its stake in Valero Energy Corporation by 0.3% in the first quarter. Welch & Forbes LLC now owns 4,781 shares of the oil and gas company’s stock valued at $317,000 after buying an additional 16 shares during the last quarter. BKD Wealth Advisors LLC boosted its stake in 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 buying an additional 24 shares during the last quarter. Brown Advisory Securities LLC boosted its stake in 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 buying an additional 25 shares during the last quarter. Finally, Eads & Heald Investment Counsel boosted its stake in 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 buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 78.88% of the company’s stock.

Valero Energy Corporation (NYSE VLO) opened at 67.67 on Friday. The company’s 50-day moving average price is $67.32 and its 200 day moving average price is $66.12. Valero Energy Corporation has a 52-week low of $51.17 and a 52-week high of $71.40. The company has a market capitalization of $29.89 billion, a price-to-earnings ratio of 16.70 and a beta of 1.21. Valero Energy Corporation also saw some unusual options trading on Thursday. Investors purchased 10,566 put options on the company. This is an increase of approximately 224% compared to the typical daily volume of 3,262 put options.

Valero Energy Corporation (NYSE:VLO) last announced its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.15. The company had revenue of $22.25 billion for the quarter, compared to analyst estimates of $19.32 billion. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 earnings per share. On average, equities analysts expect that Valero Energy Corporation will post $4.01 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Monday, August 7th. Valero Energy Corporation’s payout ratio is 69.14%.

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Several analysts have weighed in on the company. Goldman Sachs Group, Inc. (The) cut Valero Energy Corporation from a “buy” rating to a “neutral” rating and raised their price target for the company from $65.55 to $73.00 in a report on Tuesday, May 16th. BidaskClub raised Valero Energy Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. US Capital Advisors cut Valero Energy Corporation from an “overweight” rating to a “hold” rating in a report on Thursday, August 17th. Citigroup Inc. lowered their price target on Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, July 17th. Finally, Jefferies Group LLC raised Valero Energy Corporation from a “hold” rating to a “buy” rating and raised their price target for the company from $65.00 to $80.00 in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $72.62.

In other Valero Energy Corporation news, Director Susan Kaufman Purcell sold 5,151 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $638,132.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.45% of the stock is owned by 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.

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

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