88,671 Shares in Valero Energy Corporation $VLO Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Valero Energy Corporation (NYSE:VLO) in the second quarter, Holdings Channel reports. The firm bought 88,671 shares of the oil and gas company’s stock, valued at approximately $11,919,000.

A number of other institutional investors also recently bought and sold shares of the stock. Arista Wealth Management LLC acquired a new stake in Valero Energy in the 2nd quarter worth approximately $479,000. Stratos Wealth Partners LTD. boosted its stake in Valero Energy by 5.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 19,708 shares of the oil and gas company’s stock worth $2,649,000 after purchasing an additional 1,061 shares in the last quarter. Angeles Wealth Management LLC boosted its stake in Valero Energy by 16.1% in the 2nd quarter. Angeles Wealth Management LLC now owns 2,860 shares of the oil and gas company’s stock worth $385,000 after purchasing an additional 397 shares in the last quarter. Applied Finance Capital Management LLC boosted its stake in Valero Energy by 1.5% in the 2nd quarter. Applied Finance Capital Management LLC now owns 101,260 shares of the oil and gas company’s stock worth $13,611,000 after purchasing an additional 1,466 shares in the last quarter. Finally, Bellecapital International Ltd. acquired a new stake in Valero Energy in the 2nd quarter worth approximately $618,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Price Performance

NYSE:VLO opened at $157.62 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. The firm has a market cap of $48.96 billion, a price-to-earnings ratio of 65.68, a price-to-earnings-growth ratio of 1.59 and a beta of 1.05. The company has a 50 day moving average price of $155.99 and a 200-day moving average price of $139.05. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $178.43.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.62. The firm had revenue of $29.89 billion during the quarter, compared to analyst estimates of $27 billion. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The business’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.71 EPS. Equities research analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Analysts Set New Price Targets

VLO has been the subject of a number of recent analyst reports. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Piper Sandler raised their price target on shares of Valero Energy from $171.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. Wolfe Research lowered shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Wells Fargo & Company initiated coverage on shares of Valero Energy in a research report on Friday. They set an “overweight” rating and a $216.00 price target for the company. Finally, Barclays raised their price target on shares of Valero Energy from $151.00 to $169.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and a consensus price target of $173.27.

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.