Lmcg Investments LLC reduced its stake in shares of Valero Energy Corporation (NYSE:VLO – Free Report) by 9.1% during the third quarter, Holdings Channel reports. The institutional investor owned 41,690 shares of the oil and gas company’s stock after selling 4,165 shares during the period. Lmcg Investments LLC’s holdings in Valero Energy were worth $16,159,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in VLO. Cornerstone Financial Management LLC raised its stake in Valero Energy by 57.6% during the 2nd quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 38 shares during the period. Whipplewood Advisors LLC lifted its holdings in Valero Energy by 3,400.0% during the first quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 102 shares in the last quarter. Financial Life Planners purchased a new position in Valero Energy during the first quarter valued at approximately $28,000. Valued Wealth Advisors LLC boosted its position in shares of Valero Energy by 134.0% in the first quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 67 shares during the period. Finally, Global Assets Advisory LLC bought a new position in shares of Valero Energy in the first quarter worth approximately $33,000. 78.69% of the stock is currently owned by institutional investors.
Valero Energy Stock Performance
Shares of NYSE VLO opened at $436.56 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.23 and a current ratio of 1.64. The company has a market cap of $125.70 billion, a P/E ratio of 18.11, a P/E/G ratio of 0.27 and a beta of 0.59. The firm’s fifty day moving average is $389.82 and its two-hundred day moving average is $308.10. Valero Energy Corporation has a 52-week low of $156.26 and a 52-week high of $461.52.
Valero Energy (NYSE:VLO – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, topping the consensus estimate of $10.11 by $2.43. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The business had revenue of $44.48 billion for the quarter, compared to analysts’ expectations of $39.47 billion. During the same quarter in the previous year, the company earned $2.28 EPS. The business’s quarterly revenue was up 48.8% compared to the same quarter last year. As a group, analysts anticipate that Valero Energy Corporation will post 52.55 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
VLO has been the subject of a number of analyst reports. Mizuho increased their price objective on shares of Valero Energy from $300.00 to $434.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. Piper Sandler lifted their target price on shares of 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 upped their target price on shares of Valero Energy from $389.00 to $485.00 and gave the stock an “overweight” rating in a report on Wednesday, October 14th. Jefferies Financial Group dropped their target price on shares of Valero Energy from $401.00 to $394.00 and set a “hold” rating for the company in a report on Thursday, October 8th. Finally, Citigroup increased their price target on Valero Energy from $302.00 to $485.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $382.62.
Read Our Latest Report on Valero Energy
Valero Energy News Roundup
Here are the key news stories impacting Valero Energy this week:
- Positive Sentiment: Higher refining margins are raising expectations for Valero’s third-quarter performance. As a major independent petroleum refiner, VLO could benefit from improved crack spreads and stronger profitability in its core refining business. Valero Energy’s Q3 Earnings Approach: Higher Refining Margins Fuel Optimism
- Positive Sentiment: Valero’s recent momentum has attracted attention from investors. The stock had gained 2.53% over the prior week, reflecting expectations that the earnings report could benefit from favorable refining conditions. Valero Energy Is Up 2.53% in One Week
- Neutral Sentiment: Wall Street is focusing not only on revenue and earnings, but also on key operating metrics expected with the third-quarter results. The report could determine whether the recent rally is supported by fundamentals. Insights Into Valero Energy Q3: Wall Street Projections for Key Metrics
- Neutral Sentiment: The company’s earnings announcement is the immediate focus for traders, increasing the likelihood of heightened volatility around the release. Valero previously reported a strong quarter, with earnings and revenue exceeding expectations, which sets a high bar for another upside surprise.
- Negative Sentiment: A report indicated that Valero shares fell 1.80% amid the run-up to the scheduled results, suggesting some profit-taking or caution ahead of the announcement. Investors may also be concerned that favorable refining-margin expectations are already reflected in the stock. Valero Energy Scheduled Results
- Negative Sentiment: Geopolitical disruptions have contributed to higher diesel costs, creating potential pressure on fuel consumers and operating expenses. The proposed $8 billion farmer relief program could cushion diesel demand, but it also underscores continued energy-market instability. Trump Announces $8B Bailout for Farmers
About Valero Energy
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.
Featured Articles
- Five stocks we like better than Valero Energy
- GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall?
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Corporation (NYSE:VLO – Free Report).
Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.
