Brookstone Capital Management Lowers Stock Holdings in Valero Energy Corporation $VLO

Brookstone Capital Management decreased its position in shares of Valero Energy Corporation (NYSE:VLO) by 5.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,688 shares of the oil and gas company’s stock after selling 300 shares during the quarter. Brookstone Capital Management’s holdings in Valero Energy were worth $765,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Kestra Private Wealth Services LLC lifted its stake in shares of Valero Energy by 18.5% during the 1st 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 buying an additional 3,503 shares in the last quarter. Hancock Whitney Corp increased its holdings in 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 valued at $6,138,000 after acquiring an additional 3,790 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Valero Energy in the 1st quarter valued at $766,000. FORA Capital LLC bought a new stake in Valero Energy in the 1st quarter valued at $866,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Valero Energy by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company’s stock valued at $74,025,000 after acquiring an additional 56,274 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Raymond James Financial reiterated a “strong-buy” rating and issued a $195.00 price target (up from $181.00) on shares of Valero Energy in a report on Friday. Evercore ISI boosted their target price on shares of Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a report on Friday, September 19th. Morgan Stanley downgraded shares of Valero Energy from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $160.00 to $175.00 in a report on Friday, October 3rd. Wells Fargo & Company began coverage on shares of Valero Energy in a report on Friday, October 17th. They set an “overweight” rating and a $216.00 price target on the stock. Finally, TD Cowen upped their price target on shares of Valero Energy from $162.00 to $165.00 and gave the company a “hold” rating in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $179.27.

Valero Energy Price Performance

Shares of VLO stock opened at $170.92 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. The company has a market capitalization of $53.10 billion, a P/E ratio of 35.68, a P/E/G ratio of 1.92 and a beta of 1.05. The company’s 50-day simple moving average is $158.99 and its two-hundred day simple moving average is $141.05. Valero Energy Corporation has a one year low of $99.00 and a one year high of $178.43.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. The business had revenue of $32.17 billion for the quarter, compared to the consensus estimate of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 EPS. As a group, equities analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current year.

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.