Valero Energy Corporation $VLO Holdings Reduced by Patten Group Inc.

Patten Group Inc. decreased its position in Valero Energy Corporation (NYSE:VLO) by 32.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,550 shares of the oil and gas company’s stock after selling 742 shares during the period. Patten Group Inc.’s holdings in Valero Energy were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new position in Valero Energy in the 1st quarter worth about $26,000. Hoey Investments Inc. bought a new position in Valero Energy in the 2nd quarter worth about $26,000. GFG Capital LLC bought a new position in Valero Energy in the 2nd quarter worth about $27,000. Hazlett Burt & Watson Inc. grew its position in Valero Energy by 156.6% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 130 shares during the last quarter. Finally, Hemington Wealth Management grew its position in Valero Energy by 39.9% in the 1st quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $152.00 to $179.00 in a research report on Wednesday, September 3rd. UBS Group upped their price target on shares of Valero Energy from $165.00 to $183.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Evercore ISI upped 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. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $181.00 price target (up from $177.00) on shares of Valero Energy in a research note on Friday, October 17th. Finally, Piper Sandler upped their price target on shares of Valero Energy from $171.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Three 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $173.27.

Valero Energy Stock Up 2.7%

VLO stock opened at $161.87 on Thursday. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $178.43. The firm has a market cap of $50.29 billion, a PE ratio of 67.45, a P/E/G ratio of 1.59 and a beta of 1.05. The firm has a 50 day simple moving average of $157.56 and a 200 day simple moving average of $139.72. 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) last released its earnings results 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 business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $27 billion. During the same period in the prior year, the business earned $2.71 earnings per share. The business’s quarterly revenue was down 13.3% on a year-over-year basis. Equities research analysts forecast 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.