OMERS ADMINISTRATION Corp Boosts Stake in Valero Energy Corporation $VLO

OMERS ADMINISTRATION Corp boosted its position in Valero Energy Corporation (NYSE:VLO - Free Report) by 11.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,880 shares of the oil and gas company's stock after purchasing an additional 3,115 shares during the period. OMERS ADMINISTRATION Corp's holdings in Valero Energy were worth $8,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of VLO. Compass Financial Management LLC purchased a new stake in Valero Energy in the second quarter worth $2,346,000. Elevation Point Wealth Partners LLC boosted its stake in shares of Valero Energy by 27.6% during the second quarter. Elevation Point Wealth Partners LLC now owns 5,817 shares of the oil and gas company's stock valued at $1,515,000 after purchasing an additional 1,258 shares during the period. Greenland Capital Management LP purchased a new stake in shares of Valero Energy during the second quarter valued at $398,000. Pinnbrook Capital Management LP bought a new position in shares of Valero Energy in the second quarter worth about $6,937,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Valero Energy by 4.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 267,439 shares of the oil and gas company's stock worth $69,652,000 after purchasing an additional 10,878 shares during the last quarter. Institutional investors own 78.69% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VLO shares. The Goldman Sachs Group lifted their price objective on shares of Valero Energy from $286.00 to $357.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Mizuho raised their target price on shares of Valero Energy from $289.00 to $300.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 4th. UBS Group lifted their price target on shares of Valero Energy from $280.00 to $355.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Morgan Stanley boosted their price target on Valero Energy from $232.00 to $255.00 and gave the company an "equal weight" rating in a report on Friday, June 12th. Finally, TD Cowen raised their price objective on Valero Energy from $338.00 to $350.00 and gave the stock a "hold" rating in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $288.00.

Insider Activity at Valero Energy

In other news, SVP Eric A. Fisher sold 7,500 shares of the business's stock in a transaction on Monday, June 29th. The stock was sold at an average price of $268.17, for a total value of $2,011,275.00. Following the completion of the transaction, the senior vice president directly owned 19,742 shares of the company's stock, valued at approximately $5,294,212.14. The trade was a 27.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.36% of the company's stock.

Valero Energy Trading Down 0.8%

NYSE:VLO opened at $346.15 on Tuesday. The firm has a 50-day simple moving average of $294.91 and a 200-day simple moving average of $255.29. Valero Energy Corporation has a one year low of $144.30 and a one year high of $353.00. The firm has a market cap of $99.67 billion, a P/E ratio of 14.36, a P/E/G ratio of 0.23 and a beta of 0.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.23 and a current ratio of 1.64.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.11 by $2.43. The firm had revenue of $44.48 billion for the quarter, compared to the consensus estimate of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The company's quarterly revenue was up 48.8% on a year-over-year basis. During the same period last year, the firm earned $2.28 earnings per share. Equities analysts anticipate that Valero Energy Corporation will post 40.62 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be issued a $1.20 dividend. The ex-dividend date is Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.4%. Valero Energy's dividend payout ratio (DPR) is currently 19.92%.

About Valero Energy

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company's operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.

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