Forvis Mazars Wealth Advisors LLC Purchases 2,116 Shares of Valero Energy Corporation $VLO

Forvis Mazars Wealth Advisors LLC increased its position in Valero Energy Corporation (NYSE:VLO) by 7.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 32,229 shares of the oil and gas company’s stock after buying an additional 2,116 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Valero Energy were worth $4,332,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Kestra Private Wealth Services LLC boosted its holdings in shares of Valero Energy by 18.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company’s stock valued at $2,959,000 after purchasing an additional 3,503 shares during the last quarter. Hancock Whitney Corp boosted its holdings in shares of Valero Energy by 8.9% during the 1st quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock valued at $6,138,000 after purchasing an additional 3,790 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Valero Energy during the 1st quarter valued at about $766,000. FORA Capital LLC bought a new position in shares of Valero Energy during the 1st quarter valued at about $866,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Valero Energy by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company’s stock valued at $74,025,000 after purchasing an additional 56,274 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Up 0.8%

Shares of NYSE VLO opened at $157.62 on Friday. The firm’s 50-day moving average price is $155.99 and its 200-day moving average price is $138.88. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $48.96 billion, a price-to-earnings ratio of 65.68, a P/E/G ratio of 1.62 and a beta of 1.05. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $178.43.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on VLO. Weiss Ratings reissued a “hold (c)” rating on shares of Valero Energy in a report on Wednesday, October 8th. Jefferies Financial Group increased their price objective on shares of Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a report on Friday, October 10th. Wells Fargo & Company assumed coverage on shares of Valero Energy in a research report on Friday. They set an “overweight” rating and a $216.00 target price on the stock. Morgan Stanley cut shares of Valero Energy from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $160.00 to $175.00 in a research report on Friday, October 3rd. Finally, Wolfe Research cut shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.