Lee Danner & Bass Inc. Has $500,000 Stock Position in Valero Energy Corporation $VLO

Lee Danner & Bass Inc. grew its stake in Valero Energy Corporation (NYSE:VLO) by 19.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,718 shares of the oil and gas company’s stock after purchasing an additional 600 shares during the period. Lee Danner & Bass Inc.’s holdings in Valero Energy were worth $500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Broadway Wealth Solutions Inc. grew its position in Valero Energy by 3.8% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock worth $251,000 after acquiring an additional 69 shares during the last quarter. Park Place Capital Corp grew its position in Valero Energy by 21.8% during the 2nd quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 75 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its position in Valero Energy by 1.4% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock worth $732,000 after acquiring an additional 78 shares during the last quarter. Summit Financial LLC grew its position in Valero Energy by 4.6% during the 1st quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock worth $239,000 after acquiring an additional 79 shares during the last quarter. Finally, Keeley Teton Advisors LLC grew its position in Valero Energy by 1.1% during the 1st quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock worth $1,025,000 after acquiring an additional 81 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Piper Sandler upped their price objective on Valero Energy from $200.00 to $201.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley downgraded Valero Energy from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $160.00 to $175.00 in a report on Friday, October 3rd. Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $152.00 to $179.00 in a report on Wednesday, September 3rd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $195.00 price objective (up previously from $181.00) on shares of Valero Energy in a report on Friday. Finally, Citigroup downgraded Valero Energy from a “buy” rating to a “neutral” rating and increased their price target for the company from $134.00 to $150.00 in a research note on Wednesday, July 16th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and an average target price of $179.27.

Valero Energy Stock Performance

Shares of Valero Energy stock opened at $170.92 on Friday. The stock’s fifty day simple moving average is $158.99 and its 200 day simple moving average is $140.63. The company has a market capitalization of $53.10 billion, a PE ratio of 35.68, a PEG ratio of 1.94 and a beta of 1.05. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $178.43.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.51. The company had revenue of $32.17 billion for the quarter, compared to analyst estimates of $28.80 billion. Valero Energy had a return on equity of 8.68% and a net margin of 1.21%.The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 earnings per share. On average, research analysts predict that Valero Energy Corporation will post 7.92 EPS for the current year.

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.