Harbour Investments Inc. reduced its stake in Valero Energy Corporation (NYSE:VLO – Free Report) by 6.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,821 shares of the oil and gas company’s stock after selling 181 shares during the period. Harbour Investments Inc.’s holdings in Valero Energy were worth $379,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kestra Private Wealth Services LLC boosted its stake in Valero Energy by 18.5% in the first quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company’s stock valued at $2,959,000 after acquiring an additional 3,503 shares during the period. Hancock Whitney Corp boosted its position in shares of Valero Energy by 8.9% during the first quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock worth $6,138,000 after buying an additional 3,790 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Valero Energy during the first quarter worth approximately $766,000. FORA Capital LLC acquired a new position in shares of Valero Energy during the first quarter worth approximately $866,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Valero Energy by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company’s stock worth $74,025,000 after buying an additional 56,274 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on Valero Energy in a research report on Friday. They set an “overweight” rating and a $216.00 price objective for the company. Barclays boosted their price objective on Valero Energy from $151.00 to $169.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Raymond James Financial reiterated a “strong-buy” rating and set a $181.00 price objective (up from $177.00) on shares of Valero Energy in a research report on Friday. Wolfe Research downgraded Valero Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Finally, UBS Group boosted their price objective on Valero Energy from $165.00 to $183.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $173.27.
Valero Energy Price Performance
Shares of NYSE:VLO opened at $160.10 on Tuesday. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $178.43. The stock has a market cap of $49.73 billion, a price-to-earnings ratio of 66.71, a PEG ratio of 1.59 and a beta of 1.05. The stock’s 50 day moving average price is $156.56 and its 200 day moving average price is $139.44. 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:VLO – Get Free Report) last announced its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, topping the consensus estimate of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The firm had revenue of $29.89 billion for the quarter, compared to analysts’ expectations of $27 billion. During the same quarter in the previous year, the company earned $2.71 earnings per share. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. Equities research analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.
Valero Energy Company 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.
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