Vanguard Capital Wealth Advisors bought a new stake in Valero Energy Co. (NYSE:VLO) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 2,545 shares of the oil and gas company’s stock, valued at approximately $289,000.
Other hedge funds also recently bought and sold shares of the company. Kaizen Advisory LLC lifted its holdings in Valero Energy by 156.8% during the second quarter. Kaizen Advisory LLC now owns 1,063 shares of the oil and gas company’s stock worth $118,000 after acquiring an additional 649 shares during the period. Kiley Juergens Wealth Management LLC bought a new stake in Valero Energy during the second quarter worth $117,000. Stelac Advisory Services LLC bought a new stake in Valero Energy during the second quarter worth $125,000. Gradient Investments LLC lifted its holdings in Valero Energy by 68.1% during the third quarter. Gradient Investments LLC now owns 1,353 shares of the oil and gas company’s stock worth $154,000 after acquiring an additional 548 shares during the period. Finally, Trust Co. of Vermont lifted its holdings in Valero Energy by 70.4% during the second quarter. Trust Co. of Vermont now owns 1,452 shares of the oil and gas company’s stock worth $160,000 after acquiring an additional 600 shares during the period. Institutional investors own 78.31% of the company’s stock.
VLO has been the subject of a number of recent research reports. Standpoint Research raised Valero Energy from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Morgan Stanley raised their target price on Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 31st. Tudor Pickering downgraded Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. ValuEngine downgraded Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. Finally, Citigroup raised their target price on Valero Energy from $125.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company. Valero Energy currently has a consensus rating of “Hold” and an average target price of $116.18.
Shares of NYSE VLO traded down $9.13 during mid-day trading on Friday, hitting $94.26. The company had a trading volume of 338,688 shares, compared to its average volume of 2,946,272. The stock has a market cap of $44.34 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 1.78 and a beta of 1.03. Valero Energy Co. has a 1 year low of $75.84 and a 1 year high of $126.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.67.
Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.17. The company had revenue of $31.02 billion during the quarter, compared to analysts’ expectations of $26.56 billion. Valero Energy had a return on equity of 12.06% and a net margin of 4.21%. The firm’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.23 earnings per share. On average, sell-side analysts predict that Valero Energy Co. will post 6.48 EPS for the current year.
About Valero Energy
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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