Purkiss Capital Advisors LLC Purchases New Shares in Valero Energy Corporation $VLO

Purkiss Capital Advisors LLC acquired a new position in Valero Energy Corporation (NYSE:VLO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,981 shares of the oil and gas company’s stock, valued at approximately $401,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hoey Investments Inc. acquired a new stake in Valero Energy in the 2nd quarter valued at about $26,000. Wayfinding Financial LLC bought a new stake in shares of Valero Energy during the first quarter valued at approximately $26,000. GFG Capital LLC bought a new stake in shares of Valero Energy during the second quarter valued at approximately $27,000. Hazlett Burt & Watson Inc. increased its holdings in shares of Valero Energy by 156.6% in 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 in the last quarter. Finally, Ransom Advisory Ltd acquired a new position in Valero Energy during the 1st quarter worth $43,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VLO has been the subject of several research reports. TD Cowen lifted their target price on Valero Energy from $162.00 to $165.00 and gave the company a “hold” rating in a research note on Friday. Evercore ISI boosted their price objective on Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a report on Friday, September 19th. JPMorgan Chase & Co. raised their target price on shares of Valero Energy from $177.00 to $197.00 and gave the company an “overweight” rating in a research note on Friday. Morgan Stanley cut shares of Valero Energy from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $160.00 to $175.00 in a research report on Friday, October 3rd. Finally, Piper Sandler increased their price objective on shares of Valero Energy from $200.00 to $201.00 and gave the company an “overweight” rating in a report on Friday. Three research 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $179.27.

Valero Energy Price Performance

Valero Energy stock opened at $174.18 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $54.11 billion, a P/E ratio of 36.36, a PEG ratio of 1.92 and a beta of 1.05. The business has a 50-day moving average of $159.73 and a 200-day moving average of $141.45. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $178.43.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.51. The business had revenue of $32.17 billion for the quarter, compared to analyst estimates of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. Valero Energy’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 EPS. On average, 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.