Harbour Investments Inc. lowered its stake in Valero Energy Corporation (NYSE:VLO – Free Report) by 6.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,821 shares of the oil and gas company’s stock after selling 181 shares during the period. Harbour Investments Inc.’s holdings in Valero Energy were worth $379,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Broadway Wealth Solutions Inc. increased its holdings in shares of Valero Energy by 3.8% in the second quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock valued at $251,000 after buying an additional 69 shares in the last quarter. Park Place Capital Corp grew its position in Valero Energy by 21.8% during the 2nd quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 75 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its position in Valero Energy by 1.4% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock worth $732,000 after purchasing an additional 78 shares in the last quarter. Summit Financial LLC grew its position in Valero Energy by 4.6% during the 1st quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock worth $239,000 after purchasing an additional 79 shares in the last quarter. Finally, Keeley Teton Advisors LLC grew its position in Valero Energy by 1.1% during the 1st quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock worth $1,025,000 after purchasing an additional 81 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.
Valero Energy Trading Up 1.5%
Valero Energy stock opened at $160.10 on Tuesday. The company’s fifty day simple moving average is $156.56 and its 200-day simple moving average is $139.44. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $178.43. The stock has a market cap of $49.73 billion, a P/E ratio of 66.71, a P/E/G ratio of 1.59 and a beta of 1.05.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, October 8th. Morgan Stanley cut shares of Valero Energy from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $160.00 to $175.00 in a research report on Friday, October 3rd. Mizuho lifted their price objective on shares of Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Wells Fargo & Company assumed coverage on shares of Valero Energy in a research report on Friday. They set an “overweight” rating and a $216.00 price objective on the stock. Finally, UBS Group lifted their price objective on shares of Valero Energy from $165.00 to $183.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.27.
Check Out Our Latest Report on VLO
Valero Energy Company 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.
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