Motco Has $3.23 Million Stock Holdings in Valero Energy Corporation $VLO

Motco decreased its stake in Valero Energy Corporation (NYSE:VLO) by 17.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,532 shares of the oil and gas company’s stock after selling 4,941 shares during the period. Motco’s holdings in Valero Energy were worth $3,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Mizuho Markets Cayman LP acquired a new stake in shares of Valero Energy in the second quarter valued at about $4,570,000. Zhang Financial LLC acquired a new stake in shares of Valero Energy in the second quarter valued at about $251,000. Howard Capital Management Inc. increased its stake in shares of Valero Energy by 0.4% in the second quarter. Howard Capital Management Inc. now owns 25,723 shares of the oil and gas company’s stock valued at $3,458,000 after buying an additional 104 shares during the period. Purkiss Capital Advisors LLC acquired a new stake in shares of Valero Energy in the second quarter valued at about $401,000. Finally, SYM FINANCIAL Corp increased its stake in shares of Valero Energy by 43.8% in the second quarter. SYM FINANCIAL Corp now owns 2,335 shares of the oil and gas company’s stock valued at $314,000 after buying an additional 711 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on VLO. JPMorgan Chase & Co. raised their target price on Valero Energy from $177.00 to $197.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Wolfe Research cut Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Wells Fargo & Company began coverage on Valero Energy in a research note on Friday, October 17th. They set an “overweight” rating and a $216.00 target price for the company. Mizuho raised their target price on Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $179.27.

Valero Energy Stock Down 2.9%

Shares of NYSE:VLO opened at $169.34 on Wednesday. The business’s 50 day simple moving average is $160.37 and its two-hundred day simple moving average is $141.88. The firm has a market cap of $52.61 billion, a P/E ratio of 35.35, a PEG ratio of 1.88 and a beta of 1.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $178.43.

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

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.