VCI Wealth Management LLC Boosts Holdings in Valero Energy Corporation $VLO

VCI Wealth Management LLC raised its holdings in Valero Energy Corporation (NYSE:VLO) by 17.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,054 shares of the oil and gas company’s stock after buying an additional 886 shares during the quarter. VCI Wealth Management LLC’s holdings in Valero Energy were worth $814,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hoey Investments Inc. purchased a new stake in Valero Energy in the 2nd quarter valued at about $26,000. Wayfinding Financial LLC purchased a new stake in Valero Energy in the 1st quarter valued at about $26,000. GFG Capital LLC purchased a new stake in Valero Energy in the 2nd quarter valued at about $27,000. Hazlett Burt & Watson Inc. grew its holdings in Valero Energy by 156.6% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 130 shares during the period. Finally, Ransom Advisory Ltd purchased a new stake in Valero Energy in the 1st quarter valued at about $43,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VLO. Citigroup cut Valero Energy from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $134.00 to $150.00 in a report on Wednesday, July 16th. Piper Sandler boosted their target price on Valero Energy from $171.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, September 11th. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $152.00 to $179.00 in a report on Wednesday, September 3rd. Morgan Stanley cut Valero Energy from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $160.00 to $175.00 in a report on Friday, October 3rd. Finally, TD Cowen cut Valero Energy from a “buy” rating to a “hold” rating and boosted their target price for the stock from $118.00 to $140.00 in a report on Tuesday, July 22nd. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus target price of $173.27.

Valero Energy Stock Performance

Valero Energy stock opened at $160.10 on Tuesday. The stock’s 50 day moving average price is $156.56 and its 200 day moving average price is $139.44. The firm has a market capitalization of $49.73 billion, a PE ratio of 66.71, a price-to-earnings-growth ratio of 1.59 and a beta of 1.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. Valero Energy Corporation has a one year low of $99.00 and a one year high of $178.43.

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