KPP Advisory Services LLC Takes $283,000 Position in Valero Energy Corporation $VLO

KPP Advisory Services LLC bought a new position in Valero Energy Corporation (NYSE:VLO) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 2,109 shares of the oil and gas company’s stock, valued at approximately $283,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Valero Energy by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock worth $5,135,043,000 after purchasing an additional 4,155,522 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Valero Energy by 6.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock worth $1,510,586,000 after purchasing an additional 736,533 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Valero Energy by 276.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock worth $1,425,754,000 after purchasing an additional 7,931,018 shares during the period. Invesco Ltd. boosted its holdings in shares of Valero Energy by 34.1% in the 1st quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock worth $647,823,000 after purchasing an additional 1,247,196 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Valero Energy in the 1st quarter worth approximately $529,864,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

Shares of VLO stock opened at $173.21 on Friday. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $178.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The firm has a market capitalization of $53.81 billion, a P/E ratio of 72.17, a P/E/G ratio of 1.82 and a beta of 1.05. The stock has a 50 day moving average price of $158.31 and a 200 day moving average price of $140.18.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.51. The business had revenue of $32.17 billion during the quarter, compared to analyst estimates of $28.80 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.Valero Energy’s revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 EPS. As a group, sell-side analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on VLO shares. UBS Group lifted their target price on Valero Energy from $165.00 to $183.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Barclays lifted their target price on Valero Energy from $151.00 to $169.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Wolfe Research lowered Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Morgan Stanley lowered Valero Energy from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $160.00 to $175.00 in a research note on Friday, October 3rd. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $181.00 price target (up from $177.00) on shares of Valero Energy in a research note on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $173.27.

Valero Energy Company Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.