Bfsg LLC Boosts Holdings in Valero Energy Co. (NYSE:VLO)

Bfsg LLC raised its holdings in Valero Energy Co. (NYSE:VLO) by 9.3% during the 3rd quarter, Holdings Channel reports. The firm owned 2,272 shares of the oil and gas company’s stock after purchasing an additional 193 shares during the quarter. Bfsg LLC’s holdings in Valero Energy were worth $307,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. International Private Wealth Advisors LLC boosted its stake in shares of Valero Energy by 3.4% in the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after purchasing an additional 65 shares during the period. Aua Capital Management LLC boosted its position in Valero Energy by 3.1% in the 1st quarter. Aua Capital Management LLC now owns 2,261 shares of the oil and gas company’s stock valued at $386,000 after buying an additional 67 shares during the last quarter. OmniStar Financial Group Inc. grew its stake in shares of Valero Energy by 1.6% during the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock valued at $712,000 after acquiring an additional 70 shares in the last quarter. Everhart Financial Group Inc. increased its position in shares of Valero Energy by 5.5% during the second quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock worth $214,000 after acquiring an additional 71 shares during the last quarter. Finally, St. Johns Investment Management Company LLC lifted its stake in shares of Valero Energy by 1.4% in the second quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock worth $794,000 after acquiring an additional 72 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on VLO shares. Scotiabank lowered their price objective on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Bank of America assumed coverage on shares of Valero Energy in a research report on Thursday. They set a “neutral” rating and a $150.00 price target for the company. Wolfe Research started coverage on shares of Valero Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price target on the stock. Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $169.00 to $123.00 in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. cut their target price 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.60.

Valero Energy Stock Up 0.8 %

NYSE:VLO opened at $136.65 on Friday. The firm has a market capitalization of $43.78 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 3.75 and a beta of 1.39. Valero Energy Co. has a 52 week low of $119.88 and a 52 week high of $184.79. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average of $140.05 and a 200-day moving average of $152.01.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.11. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The firm had revenue of $34.49 billion for the quarter, compared to analyst estimates of $32.97 billion. During the same period last year, the company earned $5.40 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Analysts predict that Valero Energy Co. will post 9.41 EPS for the current 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.