Valero Energy Co. (NYSE:VLO) Shares Purchased by Accordant Advisory Group Inc

Accordant Advisory Group Inc grew its stake in shares of Valero Energy Co. (NYSE:VLO) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,446 shares of the oil and gas company’s stock after acquiring an additional 448 shares during the quarter. Valero Energy comprises approximately 1.7% of Accordant Advisory Group Inc’s investment portfolio, making the stock its 20th largest holding. Accordant Advisory Group Inc’s holdings in Valero Energy were worth $2,086,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Foundations Investment Advisors LLC increased its holdings in shares of Valero Energy by 10.1% during the third quarter. Foundations Investment Advisors LLC now owns 35,998 shares of the oil and gas company’s stock valued at $4,861,000 after acquiring an additional 3,290 shares in the last quarter. Ledyard National Bank increased its holdings in shares of Valero Energy by 12.0% during the third quarter. Ledyard National Bank now owns 1,944 shares of the oil and gas company’s stock valued at $262,000 after acquiring an additional 209 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of Valero Energy by 1.8% during the third quarter. Whittier Trust Co. now owns 187,558 shares of the oil and gas company’s stock valued at $25,325,000 after acquiring an additional 3,261 shares in the last quarter. Retirement Guys Formula LLC increased its holdings in shares of Valero Energy by 10.7% during the third quarter. Retirement Guys Formula LLC now owns 9,264 shares of the oil and gas company’s stock valued at $1,251,000 after acquiring an additional 896 shares in the last quarter. Finally, Everence Capital Management Inc. increased its holdings in shares of Valero Energy by 7.3% during the third quarter. Everence Capital Management Inc. now owns 40,630 shares of the oil and gas company’s stock valued at $5,486,000 after acquiring an additional 2,780 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of Valero Energy from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $172.00 to $165.00 in a report on Wednesday, October 9th. Scotiabank dropped their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. JPMorgan Chase & Co. dropped their price objective on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Bank of America started coverage on shares of Valero Energy in a research note on Thursday, October 17th. They set a “neutral” rating and a $150.00 price objective on the stock. Finally, StockNews.com cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and a consensus price target of $158.60.

Valero Energy Trading Up 0.2 %

Shares of VLO stock opened at $135.71 on Wednesday. The stock’s fifty day moving average is $139.21 and its two-hundred day moving average is $150.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. The firm has a market capitalization of $43.48 billion, a P/E ratio of 7.75, a PEG ratio of 3.53 and a beta of 1.39. Valero Energy Co. has a fifty-two week low of $119.88 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.60 by $0.11. The company had revenue of $34.49 billion for the quarter, compared to analyst estimates of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $5.40 EPS. Research analysts expect that Valero Energy Co. will post 9.6 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.