Brookwood Investment Group LLC Takes $267,000 Position in Valero Energy Corporation $VLO

Brookwood Investment Group LLC purchased a new stake in Valero Energy Corporation (NYSE:VLO) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,987 shares of the oil and gas company’s stock, valued at approximately $267,000.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake 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 valued at $5,135,043,000 after purchasing an additional 4,155,522 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Valero Energy by 6.9% during 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 acquiring an additional 736,533 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Valero Energy by 276.9% during 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 acquiring an additional 7,931,018 shares in the last quarter. Invesco Ltd. lifted its stake in Valero Energy by 34.1% during the 1st quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock worth $647,823,000 after acquiring an additional 1,247,196 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Valero Energy during the 1st quarter worth about $529,864,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VLO. UBS Group reissued a “buy” rating and set a $183.00 target price on shares of Valero Energy in a research note on Friday. Wolfe Research lowered Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Wells Fargo & Company began coverage on Valero Energy in a research note on Friday, October 17th. They set an “overweight” rating and a $216.00 target price on the stock. Citigroup lowered Valero Energy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $134.00 to $150.00 in a research note on Wednesday, July 16th. Finally, JPMorgan Chase & Co. increased their target price on Valero Energy from $177.00 to $197.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $179.27.

Valero Energy Price Performance

Shares of NYSE VLO opened at $169.34 on Wednesday. The stock’s 50-day moving average is $160.37 and its two-hundred day moving average is $141.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $178.43. The company has a market cap of $52.61 billion, a price-to-earnings ratio of 35.35, a price-to-earnings-growth ratio of 1.88 and a beta of 1.05.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.51. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The company had revenue of $32.17 billion for the quarter, compared to the consensus estimate of $28.80 billion. During the same quarter in the prior year, the business earned $1.14 EPS. Valero Energy’s revenue was down 2.2% on a year-over-year basis. Analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy 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.