Valero Energy Corporation $VLO Position Boosted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its position in Valero Energy Corporation (NYSE:VLO) by 1.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 725,478 shares of the oil and gas company’s stock after purchasing an additional 7,889 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Valero Energy worth $97,519,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new position in Valero Energy in the first quarter worth about $26,000. Hoey Investments Inc. acquired a new stake in shares of Valero Energy during the 2nd quarter worth approximately $26,000. GFG Capital LLC bought a new stake in shares of Valero Energy in the 2nd quarter worth approximately $27,000. Hazlett Burt & Watson Inc. boosted its position in Valero Energy by 156.6% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 130 shares during the period. Finally, Hemington Wealth Management grew its stake in Valero Energy by 39.9% during the 1st quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock worth $43,000 after buying an additional 95 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VLO shares. Wall Street Zen upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday. Citigroup downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $134.00 to $150.00 in a research report on Wednesday, July 16th. Weiss Ratings restated a “hold (c)” rating on shares of Valero Energy in a research report on Friday. Barclays lifted their price target on Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. increased their price objective on Valero Energy from $177.00 to $197.00 and gave the stock an “overweight” rating in a report on Friday. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.27.

Valero Energy Trading Down 1.3%

Shares of NYSE:VLO opened at $170.92 on Friday. The company has a 50 day moving average of $158.99 and a 200-day moving average of $140.88. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The firm has a market cap of $53.10 billion, a P/E ratio of 35.68, a P/E/G ratio of 1.92 and a beta of 1.05. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. The firm had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. Valero Energy had a return on equity of 8.68% and a net margin of 1.21%.The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 earnings per share. As a group, analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal 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.