Valero Energy Co. (NYSE:VLO) Position Boosted by Gradient Investments LLC

Gradient Investments LLC grew its holdings in shares of Valero Energy Co. (NYSE:VLO) by 24.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,857 shares of the oil and gas company’s stock after purchasing an additional 368 shares during the period. Gradient Investments LLC’s holdings in Valero Energy were worth $158,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Valero Energy by 2.7% during the 2nd quarter. BlackRock Inc. now owns 34,645,065 shares of the oil and gas company’s stock valued at $2,965,964,000 after purchasing an additional 896,211 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Valero Energy by 0.3% in the second quarter. Vanguard Group Inc. now owns 34,131,975 shares of the oil and gas company’s stock worth $2,922,038,000 after buying an additional 116,878 shares during the period. FMR LLC boosted its holdings in shares of Valero Energy by 1.2% in the first quarter. FMR LLC now owns 11,136,474 shares of the oil and gas company’s stock worth $944,707,000 after buying an additional 127,138 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Valero Energy by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 9,172,100 shares of the oil and gas company’s stock worth $785,223,000 after buying an additional 515,534 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Valero Energy by 2.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,018,386 shares of the oil and gas company’s stock worth $515,234,000 after buying an additional 121,909 shares during the period. Institutional investors own 76.33% of the company’s stock.

Shares of VLO opened at $88.00 on Friday. Valero Energy Co. has a one year low of $68.81 and a one year high of $108.68. The company has a 50-day moving average of $80.84 and a two-hundred day moving average of $81.98. The stock has a market cap of $36.47 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 2.23 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.37 by $0.14. The company had revenue of $28.93 billion during the quarter, compared to analysts’ expectations of $25.45 billion. Valero Energy had a net margin of 2.27% and a return on equity of 11.31%. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period last year, the company posted $2.15 earnings per share. Analysts anticipate that Valero Energy Co. will post 4.62 earnings per share for the current year.

Several research analysts have commented on VLO shares. Royal Bank of Canada set a $98.00 target price on shares of Valero Energy and gave the stock a “buy” rating in a report on Friday, July 26th. ValuEngine upgraded shares of Valero Energy from a “sell” rating to a “hold” rating in a report on Friday, September 27th. Wells Fargo & Co raised their target price on shares of Valero Energy from $107.00 to $108.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Valero Energy from $96.00 to $83.00 and set an “overweight” rating for the company in a report on Tuesday, September 10th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $103.56.

Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.

Further Reading: Overbought

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

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