Private Wealth Asset Management LLC Acquires 436 Shares of Valero Energy Corporation $VLO

Private Wealth Asset Management LLC raised its stake in shares of Valero Energy Corporation (NYSE:VLOFree Report) by 118.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 803 shares of the oil and gas company’s stock after acquiring an additional 436 shares during the period. Private Wealth Asset Management LLC’s holdings in Valero Energy were worth $108,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its position in Valero Energy by 276.9% in 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 purchasing an additional 7,931,018 shares during the period. Vanguard Group Inc. boosted 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 worth $5,135,043,000 after buying an additional 4,155,522 shares during the last quarter. Nuveen LLC bought a new stake in shares of Valero Energy in the first quarter worth $529,864,000. Invesco Ltd. increased its position in Valero Energy by 34.1% during the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock valued at $647,823,000 after acquiring an additional 1,247,196 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Valero Energy by 6.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock valued at $1,510,586,000 after acquiring an additional 736,533 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VLO. Barclays boosted their price target on Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Morgan Stanley lowered shares of Valero Energy from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $160.00 to $175.00 in a research report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, October 8th. Evercore ISI lifted their price target on shares of Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a research note on Friday, September 19th. Finally, Wolfe Research lowered Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $169.80.

Check Out Our Latest Analysis on Valero Energy

Valero Energy Stock Performance

VLO opened at $161.13 on Thursday. The firm 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 Corporation has a 1-year low of $99.00 and a 1-year high of $178.43. The company has a 50 day simple moving average of $155.02 and a two-hundred day simple moving average of $138.51. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11.

Valero Energy (NYSE:VLOGet Free Report) last announced its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $27 billion. During the same period last year, the firm earned $2.71 EPS. The company’s revenue was down 13.3% on a year-over-year basis. Equities analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Company Profile

(Free Report)

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.

See Also

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

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