Cwm LLC Increases Stock Position in Valero Energy Corporation $VLO

Cwm LLC lifted its holdings in Valero Energy Corporation (NYSE:VLO) by 8.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,999 shares of the oil and gas company’s stock after purchasing an additional 3,354 shares during the period. Cwm LLC’s holdings in Valero Energy were worth $5,780,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Kestra Private Wealth Services LLC lifted its stake in shares of Valero Energy by 18.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company’s stock worth $2,959,000 after purchasing an additional 3,503 shares during the period. Hancock Whitney Corp lifted its stake in shares of Valero Energy by 8.9% in the 1st quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock worth $6,138,000 after purchasing an additional 3,790 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Valero Energy in the 1st quarter worth approximately $766,000. FORA Capital LLC bought a new position in shares of Valero Energy in the 1st quarter worth approximately $866,000. Finally, Dynamic Advisor Solutions LLC bought a new position in shares of Valero Energy in the 1st quarter worth approximately $462,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Down 0.7%

Valero Energy stock opened at $161.13 on Thursday. The firm’s 50 day moving average price is $155.02 and its 200-day moving average price is $138.51. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $178.43. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. The stock has a market cap of $50.06 billion, a P/E ratio of 67.14, a PEG ratio of 1.67 and a beta of 1.05.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.62. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The firm had revenue of $29.89 billion during the quarter, compared to analyst estimates of $27 billion. During the same period last year, the firm posted $2.71 earnings per share. Valero Energy’s revenue for the quarter was down 13.3% compared to the same quarter last year. On average, equities analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VLO. Citigroup cut shares of Valero Energy from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $134.00 to $150.00 in a research note on Wednesday, July 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a report on Wednesday, October 8th. Jefferies Financial Group lifted their price target on shares of Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a report on Friday, October 10th. Piper Sandler lifted their price target on shares of Valero Energy from $171.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, September 11th. Finally, Barclays lifted their price target on shares of Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $169.80.

About Valero Energy

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.