1,864 Shares in Valero Energy Corporation $VLO Bought by Zhang Financial LLC

Zhang Financial LLC acquired a new position in Valero Energy Corporation (NYSE:VLO) during the 2nd quarter, HoldingsChannel reports. The fund acquired 1,864 shares of the oil and gas company’s stock, valued at approximately $251,000.

Several other institutional investors also recently modified their holdings of VLO. Wayfinding Financial LLC bought a new stake in Valero Energy during the first quarter valued at $26,000. Hoey Investments Inc. bought a new stake in Valero Energy during the second quarter valued at $26,000. GFG Capital LLC bought a new stake in Valero Energy during the second quarter valued at $27,000. Hazlett Burt & Watson Inc. boosted 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 acquiring an additional 130 shares during the last quarter. Finally, Hemington Wealth Management boosted its position in Valero Energy by 39.9% during the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

VLO stock opened at $169.34 on Wednesday. The stock has a market capitalization of $52.61 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 1.88 and a beta of 1.05. The company’s 50-day moving average is $160.37 and its 200-day moving average is $141.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. The company had revenue of $32.17 billion for the quarter, compared to analysts’ expectations of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 EPS. Equities research analysts expect that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Analysts Set New Price Targets

VLO has been the topic of a number of research analyst reports. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Wall Street Zen raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Wells Fargo & Company assumed coverage on shares of Valero Energy in a research report on Friday, October 17th. They set an “overweight” rating and a $216.00 price target on the stock. UBS Group reissued a “buy” rating and set a $183.00 price objective on shares of Valero Energy in a research report on Friday. Finally, Mizuho increased their price objective on shares of Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.27.

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.