Valero Energy Corporation $VLO Stake Boosted by Mader & Shannon Wealth Management Inc.

Mader & Shannon Wealth Management Inc. grew its stake in shares of Valero Energy Corporation (NYSE:VLO) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,109 shares of the oil and gas company’s stock after purchasing an additional 95 shares during the quarter. Valero Energy makes up 1.3% of Mader & Shannon Wealth Management Inc.’s portfolio, making the stock its 18th largest holding. Mader & Shannon Wealth Management Inc.’s holdings in Valero Energy were worth $2,434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in VLO. Asset Management One Co. Ltd. grew its holdings in Valero Energy by 1.1% in the 2nd quarter. Asset Management One Co. Ltd. now owns 129,274 shares of the oil and gas company’s stock worth $17,377,000 after buying an additional 1,355 shares in the last quarter. Avion Wealth grew its holdings in Valero Energy by 2,016.7% in the 2nd quarter. Avion Wealth now owns 635 shares of the oil and gas company’s stock worth $85,000 after buying an additional 605 shares in the last quarter. Turning Point Benefit Group Inc. grew its holdings in Valero Energy by 10.7% in the 2nd quarter. Turning Point Benefit Group Inc. now owns 5,059 shares of the oil and gas company’s stock worth $680,000 after buying an additional 489 shares in the last quarter. KPP Advisory Services LLC bought a new position in Valero Energy in the 2nd quarter worth approximately $283,000. Finally, First Citizens Bank & Trust Co. grew its holdings in Valero Energy by 17.1% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 11,876 shares of the oil and gas company’s stock worth $1,596,000 after buying an additional 1,734 shares in the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Trading Up 7.0%

Valero Energy stock opened at $173.21 on Friday. 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 company has a market capitalization of $53.81 billion, a price-to-earnings ratio of 72.17, a PEG ratio of 1.82 and a beta of 1.05. Valero Energy Corporation has a one year low of $99.00 and a one year high of $178.43. The company’s fifty day moving average price is $158.31 and its two-hundred day moving average price is $140.18.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.15 by $0.51. The firm had revenue of $32.17 billion for the quarter, compared to the consensus estimate of $28.80 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 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 earnings per share. On average, analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Mizuho upped their target price on Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Wolfe Research downgraded Valero Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Raymond James Financial reiterated a “strong-buy” rating and set a $181.00 price objective (up previously from $177.00) on shares of Valero Energy in a research report on Friday, October 17th. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Finally, Evercore ISI increased their price objective on Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a research report on Friday, September 19th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $173.27.

Valero Energy 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.