Pacer Advisors Inc. Increases Stake in Valero Energy Co. (NYSE:VLO)

Pacer Advisors Inc. grew its position in shares of Valero Energy Co. (NYSE:VLO) by 6.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,599 shares of the oil and gas company’s stock after buying an additional 4,106 shares during the quarter. Pacer Advisors Inc.’s holdings in Valero Energy were worth $5,933,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Advisory Alpha LLC acquired a new stake in shares of Valero Energy during the 1st quarter worth about $27,000. Archford Capital Strategies LLC increased its position in shares of Valero Energy by 122.7% during the second quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 200 shares during the period. Titan Capital Management LLC CA bought a new position in shares of Valero Energy during the second quarter valued at approximately $32,000. Stonebridge Capital Advisors LLC bought a new position in shares of Valero Energy during the second quarter valued at approximately $32,000. Finally, Griffin Asset Management Inc. bought a new position in shares of Valero Energy during the second quarter valued at approximately $34,000. Institutional investors own 76.33% of the company’s stock.

Shares of Valero Energy stock traded up $1.80 during trading hours on Friday, hitting $87.60. The company had a trading volume of 947,223 shares, compared to its average volume of 3,363,322. The company’s 50-day moving average is $80.64 and its two-hundred day moving average is $81.96. Valero Energy Co. has a twelve month low of $68.81 and a twelve month high of $111.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92. The company has a market cap of $34.53 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 2.23 and a beta of 1.48.

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

A number of research firms have recently issued reports on VLO. Royal Bank of Canada set a $98.00 price objective on shares of Valero Energy and gave the company a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Co increased their price objective on shares of Valero Energy from $107.00 to $108.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. ValuEngine upgraded shares of Valero Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Valero Energy from $96.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 10th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target 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: The limitations of an equal weight rating

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

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