Phoenix Financial Ltd. Raises Stock Holdings in Valero Energy Corporation $VLO

Phoenix Financial Ltd. lifted its position in Valero Energy Corporation (NYSE:VLO) by 19.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,781 shares of the oil and gas company’s stock after purchasing an additional 5,101 shares during the quarter. Phoenix Financial Ltd.’s holdings in Valero Energy were worth $4,272,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of VLO. Wayfinding Financial LLC purchased a new position in Valero Energy during the 1st quarter worth approximately $26,000. Hoey Investments Inc. acquired a new stake in shares of Valero Energy in the second quarter worth $26,000. GFG Capital LLC purchased a new position in shares of Valero Energy during the second quarter worth $27,000. Hazlett Burt & Watson Inc. lifted its position in Valero Energy by 156.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 130 shares during the period. Finally, Hemington Wealth Management boosted its holdings in Valero Energy by 39.9% in the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VLO. Wolfe Research cut Valero Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Jefferies Financial Group lifted their target price 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. Raymond James Financial reissued a “strong-buy” rating and set a $181.00 price target (up from $177.00) on shares of Valero Energy in a report on Friday, October 17th. Mizuho lifted their price objective on shares of Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Finally, Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $173.27.

Valero Energy Stock Down 1.5%

VLO opened at $157.76 on Wednesday. The company has a market cap of $49.01 billion, a PE ratio of 65.73, a price-to-earnings-growth ratio of 1.61 and a beta of 1.05. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The company has a 50-day moving average price of $157.05 and a 200 day moving average price of $139.56. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38.

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

Valero Energy 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.