Guinness Asset Management LTD Has $9.20 Million Holdings in Valero Energy Corporation $VLO

Guinness Asset Management LTD trimmed its position in shares of Valero Energy Corporation (NYSE:VLO) by 9.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,342 shares of the oil and gas company’s stock after selling 7,462 shares during the quarter. Guinness Asset Management LTD’s holdings in Valero Energy were worth $9,197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Transcend Capital Advisors LLC boosted its holdings in shares of Valero Energy by 49.4% in the 2nd quarter. Transcend Capital Advisors LLC now owns 3,400 shares of the oil and gas company’s stock worth $457,000 after acquiring an additional 1,124 shares in the last quarter. Convergence Investment Partners LLC raised its position in Valero Energy by 13.1% in the 2nd quarter. Convergence Investment Partners LLC now owns 22,048 shares of the oil and gas company’s stock valued at $2,964,000 after purchasing an additional 2,554 shares during the last quarter. Brookwood Investment Group LLC acquired a new position in Valero Energy in the second quarter worth $267,000. GoalVest Advisory LLC grew its holdings in shares of Valero Energy by 3.4% during the second quarter. GoalVest Advisory LLC now owns 9,159 shares of the oil and gas company’s stock worth $1,231,000 after purchasing an additional 301 shares during the last quarter. Finally, First Command Advisory Services Inc. increased its stake in shares of Valero Energy by 49.7% in the second quarter. First Command Advisory Services Inc. now owns 654 shares of the oil and gas company’s stock valued at $88,000 after buying an additional 217 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on VLO shares. JPMorgan Chase & Co. increased their price objective on shares of Valero Energy from $177.00 to $197.00 and gave the stock an “overweight” rating in a report on Friday. Wall Street Zen raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday. Wolfe Research lowered shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Morgan Stanley downgraded Valero Energy from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $160.00 to $175.00 in a report on Friday, October 3rd. Finally, 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. Three equities research 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 company. According to data from MarketBeat, Valero Energy presently has an average rating of “Moderate Buy” and a consensus price target of $179.27.

Valero Energy Trading Down 1.3%

Shares of NYSE VLO opened at $170.92 on Monday. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $178.43. The firm has a market capitalization of $53.10 billion, a P/E ratio of 35.68, a P/E/G ratio of 1.92 and a beta of 1.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. The company’s 50 day simple moving average is $158.99 and its 200 day simple moving average is $141.05.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.15 by $0.51. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The company had revenue of $32.17 billion during the quarter, compared to analysts’ expectations of $28.80 billion. During the same quarter in the previous year, the company posted $1.14 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, analysts predict that Valero Energy Corporation will post 7.92 EPS for the current year.

About Valero Energy

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.