Purkiss Capital Advisors LLC Takes Position in Valero Energy Corporation $VLO

Purkiss Capital Advisors LLC acquired a new stake in Valero Energy Corporation (NYSE:VLO) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 2,981 shares of the oil and gas company’s stock, valued at approximately $401,000.

A number of other large investors have also bought and sold shares of VLO. Wayfinding Financial LLC bought a new position in Valero Energy in the first quarter valued at approximately $26,000. Hoey Investments Inc. acquired a new stake in shares of Valero Energy during the second quarter worth $26,000. GFG Capital LLC acquired a new stake in shares of Valero Energy during the second quarter worth $27,000. Hazlett Burt & Watson Inc. lifted its position 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 acquiring an additional 130 shares in the last quarter. Finally, Hemington Wealth Management increased its holdings in Valero Energy by 39.9% during the 1st quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 95 shares in the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Trading Up 1.8%

Shares of Valero Energy stock opened at $174.18 on Tuesday. The stock has a market cap of $54.11 billion, a P/E ratio of 36.36, a P/E/G ratio of 1.92 and a beta of 1.05. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 0.36. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $178.43. The business’s 50 day moving average is $159.73 and its 200-day moving average is $141.45.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The business had revenue of $32.17 billion for the quarter, compared to the consensus estimate of $28.80 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities research analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VLO has been the topic of a number of research reports. Piper Sandler boosted their price target on Valero Energy from $200.00 to $201.00 and gave the company an “overweight” rating in a report on Friday. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $152.00 to $179.00 in a research note on Wednesday, September 3rd. TD Cowen raised their price target on shares of Valero Energy from $162.00 to $165.00 and gave the stock a “hold” rating in a research note on Friday. Evercore ISI boosted their price objective on shares of Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a research report on Friday, September 19th. Finally, Wall Street Zen upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $179.27.

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.