Axecap Investments LLC lessened its stake in shares of Valero Energy Corporation (NYSE:VLO – Free Report) by 61.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,508 shares of the oil and gas company’s stock after selling 4,002 shares during the quarter. Axecap Investments LLC’s holdings in Valero Energy were worth $972,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Valero Energy by 11.4% during the 1st quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock valued at $1,243,630,000 after acquiring an additional 516,975 shares in the last quarter. Bank of New York Mellon Corp grew its position in Valero Energy by 9.4% during the 1st quarter. Bank of New York Mellon Corp now owns 2,969,320 shares of the oil and gas company’s stock worth $733,660,000 after acquiring an additional 254,604 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Valero Energy by 18.4% in 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 purchasing an additional 442,177 shares in the last quarter. 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 purchasing an additional 806,018 shares in the last quarter. Finally, 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 purchasing an additional 520,642 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have commented on VLO. Weiss Ratings upgraded Valero Energy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Zacks Research upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Piper Sandler upped their price objective on Valero Energy from $329.00 to $435.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. 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 report on Wednesday, October 14th. Finally, Morgan Stanley raised their price objective on shares of Valero Energy from $255.00 to $411.00 and gave the company an “equal weight” rating in a report on Monday, September 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and an average target price of $382.62.
View Our Latest Stock Report on VLO
Trending Headlines about 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 Trading Up 0.1%
NYSE VLO opened at $433.85 on Wednesday. The business’s 50-day moving average price is $387.70 and its two-hundred day moving average price is $306.74. Valero Energy Corporation has a 12 month low of $156.26 and a 12 month high of $461.52. The firm has a market capitalization of $124.92 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 0.28 and a beta of 0.59. 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 (NYSE:VLO – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share 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 during the quarter, compared to analysts’ expectations of $39.47 billion. During the same quarter in the prior year, the firm posted $2.28 earnings per share. The business’s quarterly revenue was up 48.8% on a year-over-year basis. On average, analysts expect that Valero Energy Corporation will post 51.77 EPS for the current year.
Valero Energy 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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