Great West Life Assurance Co. Can lessened its stake in Valero Energy Co. (NYSE:VLO) by 12.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 533,199 shares of the oil and gas company’s stock after selling 75,934 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.13% of Valero Energy worth $45,503,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Archford Capital Strategies LLC raised its stake in shares of Valero Energy by 122.7% in the second quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 200 shares during the period. Mechanics Bank Trust Department bought a new stake in shares of Valero Energy in the third quarter valued at $31,000. Titan Capital Management LLC CA bought a new stake in shares of Valero Energy in the second quarter valued at $32,000. Stonebridge Capital Advisors LLC bought a new stake in shares of Valero Energy in the second quarter valued at $32,000. Finally, Griffin Asset Management Inc. bought a new stake in shares of Valero Energy in the second quarter valued at $34,000. Institutional investors own 76.26% of the company’s stock.
Several equities analysts have recently weighed in on the company. Wells Fargo & Co lifted their price target on Valero Energy from $107.00 to $108.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. reduced their price objective on shares of Valero Energy from $96.00 to $83.00 and set an “overweight” rating on the stock in a report on Tuesday, September 10th. Goldman Sachs Group set a $104.00 price objective on shares of Valero Energy and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada set a $99.00 price target on shares of Valero Energy and gave the stock a “buy” rating in a research note on Friday. Finally, Morgan Stanley lifted their price target on shares of Valero Energy from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $104.75.
Shares of Valero Energy stock opened at $100.07 on Tuesday. Valero Energy Co. has a 1 year low of $68.81 and a 1 year high of $100.82. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.42. The company has a market capitalization of $40.16 billion, a P/E ratio of 13.58, a PEG ratio of 2.70 and a beta of 1.48. The company’s fifty day moving average is $86.96 and its two-hundred day moving average is $82.63.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.13. Valero Energy had a net margin of 2.12% and a return on equity of 10.31%. The company had revenue of $27.25 billion for the quarter, compared to the consensus estimate of $25.93 billion. During the same period last year, the firm posted $2.01 EPS. Valero Energy’s revenue for the quarter was down 11.7% on a year-over-year basis. As a group, equities analysts expect that Valero Energy Co. will post 4.53 earnings per share for the current year.
About Valero Energy
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.
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