Robeco Institutional Asset Management B.V. decreased its stake in Valero Energy Corporation (NYSE:VLO – Free Report) by 19.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 549,996 shares of the oil and gas company’s stock after selling 137,025 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.19% of Valero Energy worth $213,184,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE bought a new position in shares of Valero Energy during the 2nd quarter valued at approximately $1,195,943,000. Amundi increased its holdings in Valero Energy by 45.3% in the 1st quarter. Amundi now owns 2,584,976 shares of the oil and gas company’s stock worth $638,695,000 after acquiring an additional 806,018 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Valero Energy by 33.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,058,341 shares of the oil and gas company’s stock worth $536,074,000 after acquiring an additional 520,642 shares in the last quarter. Corient Private Wealth LP purchased a new stake in Valero Energy in the 2nd quarter worth approximately $59,917,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Valero Energy by 18.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,842,339 shares of the oil and gas company’s stock worth $702,285,000 after acquiring an additional 442,177 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.
Analyst Ratings Changes
Several brokerages have weighed in on VLO. Barclays lifted their price target on shares of Valero Energy from $323.00 to $441.00 and gave the company an “overweight” rating in a report on Tuesday, October 6th. Citigroup increased their price objective on shares of Valero Energy from $302.00 to $485.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 13th. Morgan Stanley increased their price objective on shares of Valero Energy from $255.00 to $411.00 and gave the stock an “equal weight” rating in a research note on Monday, September 14th. TD Cowen raised their price objective on shares of Valero Energy from $338.00 to $350.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company raised their price objective on shares of Valero Energy from $389.00 to $485.00 and gave the company an “overweight” rating in a research report on Wednesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $382.62.
Read Our Latest Stock Report on VLO
Valero Energy Stock Performance
NYSE:VLO opened at $433.85 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37. Valero Energy Corporation has a 12-month low of $156.26 and a 12-month high of $461.52. The stock has a 50-day moving average price of $387.70 and a 200 day moving average price of $306.74. The stock has a market capitalization of $124.92 billion, a P/E ratio of 18.00, a P/E/G ratio of 0.28 and a beta of 0.59.
Valero Energy (NYSE:VLO – Get Free Report) last issued its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.11 by $2.43. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%. The company had revenue of $44.48 billion for the quarter, compared to the consensus estimate of $39.47 billion. During the same quarter last year, the company earned $2.28 EPS. The firm’s quarterly revenue was up 48.8% on a year-over-year basis. Equities research analysts forecast that Valero Energy Corporation will post 51.77 EPS for the current fiscal year.
Key Stories Impacting Valero Energy
Here are the key news stories impacting Valero Energy this week:
- Positive Sentiment: Investors are optimistic ahead of Valero’s third-quarter results, scheduled before the market opens on October 22. Higher refining margins are expected to support profitability and could reinforce the company’s strong earnings momentum. Valero Energy’s Q3 Earnings Approach: Higher Refining Margins Fuel Optimism
- Positive Sentiment: Valero was included in Zacks’ Rank #1, or “Strong Buy,” growth-stock list. The designation may attract additional interest, particularly as the company trades well above its longer-term moving averages and approaches its 52-week high. Best Growth Stocks to Buy for October 19th
- Positive Sentiment: A new $8 billion federal program to help farmers offset surging diesel costs highlights tight fuel markets and supply disruptions linked to Iran. Elevated diesel prices can improve refinery economics for Valero, although the longer-term effect depends on demand and the duration of the disruption. Trump announces $8B bailout for farmers to cover diesel cost surge
- Neutral Sentiment: Preview reports are focusing on estimates for Valero’s third-quarter revenue, earnings and operating metrics, making the October 22 release the key near-term catalyst. Valero previously exceeded quarterly earnings expectations, raising the bar for another beat. Insights Into Valero Energy Q3
- Negative Sentiment: DBS Bank downgraded Valero to Hold while assigning a $436 price target, indicating limited near-term upside after the stock’s substantial rally. The call could temper bullish sentiment ahead of earnings. DBS Bank Downgrades Valero Energy to Hold
Valero Energy Company Profile
Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.
Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.
In addition to conventional refining, Valero has businesses focused on renewable fuels.
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