6,526 Valero Energy Corporation $VLO Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY decreased its position in shares of Valero Energy Corporation (NYSE:VLO) by 25.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,373 shares of the oil and gas company’s stock after selling 6,526 shares during the period. Miller Howard Investments Inc. NY’s holdings in Valero Energy were worth $7,509,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in VLO. Bank of America Corp DE increased its position in shares of Valero Energy by 11.4% during the first quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock worth $1,243,630,000 after acquiring an additional 516,975 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Valero Energy by 9.4% during the 1st quarter. Bank of New York Mellon Corp now owns 2,969,320 shares of the oil and gas company’s stock valued at $733,660,000 after buying an additional 254,604 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Valero Energy by 18.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,842,339 shares of the oil and gas company’s stock valued at $702,285,000 after buying an additional 442,177 shares during the last quarter. Amundi grew its position in shares of Valero Energy by 45.3% during the first quarter. Amundi now owns 2,584,976 shares of the oil and gas company’s stock worth $638,695,000 after buying an additional 806,018 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Valero Energy by 33.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,058,341 shares of the oil and gas company’s stock worth $536,074,000 after buying an additional 520,642 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Trending Headlines about Valero Energy

Here are the key news stories impacting Valero Energy this week:

• Positive Sentiment: Positive earnings momentum: Recent coverage says Valero is well positioned for a potential near-term surge because analysts have been revising earnings estimates higher. The company’s latest reported quarter also substantially exceeded consensus EPS and revenue expectations, supported by strong refining margins. Why Valero Energy Might Be Well Poised for a Surge
• Positive Sentiment: Growth and valuation appeal: Zacks characterizes VLO as having several solid growth attributes that could help it outperform the broader market. The stock’s strong profitability, recent earnings growth and relatively low valuation may be attracting investors. Is Valero Energy a Solid Growth Stock?
• Positive Sentiment: Analyst support: Wall Street coverage remains mixed but includes a “Moderate Buy” consensus, with Citigroup and Barclays analysts expecting additional appreciation. Valero Stock Rated Moderate Buy
• Neutral Sentiment: Potential defensive characteristics: Commentary presents Valero as a possible hedge during periods of market or energy-sector uncertainty, while emphasizing that the strategy involves trade-offs and remains exposed to cyclical refining conditions. Valero: A Potential Hedge, But Not Without Trade-Offs
• Negative Sentiment: Downside risks remain: Valero’s record quarter was accompanied by lighter fourth-quarter guidance, while potential Russian diesel imports, crude-price pressure and weaker refining margins could reduce future earnings. Valero’s Windfall Quarter Meets Washington’s Push for Cheaper Diesel
• Negative Sentiment: Profit-taking risk: Investor Michael Burry is considering selling, reducing or donating some long-held positions, including Valero, because he views valuations as stretched. Freedom Broker also issued a sell rating, creating a counterweight to the more bullish analyst forecasts. Michael Burry Eyes the Exit on Valero

Valero Energy Stock Performance

VLO stock opened at $426.23 on Tuesday. The stock’s 50 day simple moving average is $392.44 and its 200 day simple moving average is $279.72. Valero Energy Corporation has a 12-month low of $159.90 and a 12-month high of $461.52. The firm has a market cap of $122.72 billion, a P/E ratio of 9.59, a P/E/G ratio of 0.24 and a beta of 0.59. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 22nd. The oil and gas company reported $23.90 EPS for the quarter, topping analysts’ consensus estimates of $21.17 by $2.73. Valero Energy had a net margin of 8.44% and a return on equity of 47.50%. The firm had revenue of $46.10 billion during the quarter, compared to the consensus estimate of $42.71 billion. During the same quarter in the previous year, the company posted $3.66 earnings per share. The firm’s revenue was up 43.3% on a year-over-year basis. As a group, equities research analysts predict that Valero Energy Corporation will post 54.22 EPS for the current year.

Analysts Set New Price Targets

VLO has been the topic of several recent analyst reports. The Goldman Sachs Group upped their price target on shares of Valero Energy from $365.00 to $457.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. Wells Fargo & Company increased their price objective on shares of Valero Energy from $485.00 to $489.00 and gave the company an “overweight” rating in a research note on Friday. Morgan Stanley raised their price objective on shares of Valero Energy from $255.00 to $411.00 and gave the stock an “equal weight” rating in a report on Monday, September 14th. Citigroup boosted their target price on shares of Valero Energy from $485.00 to $490.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, TD Cowen upped their target price on shares of Valero Energy from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Thursday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and an average price target of $379.94.

Valero Energy Company Profile

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.