Peterson Wealth Services Has $153,000 Stock Holdings in Valero Energy Corporation $VLO

Peterson Wealth Services lowered its stake in Valero Energy Corporation (NYSE:VLO) by 28.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,135 shares of the oil and gas company’s stock after selling 443 shares during the quarter. Peterson Wealth Services’ holdings in Valero Energy were worth $153,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Sage Mountain Advisors LLC bought a new position in shares of Valero Energy in the second quarter valued at $213,000. Lee Danner & Bass Inc. grew its position in shares of Valero Energy by 19.2% in the 2nd quarter. Lee Danner & Bass Inc. now owns 3,718 shares of the oil and gas company’s stock valued at $500,000 after acquiring an additional 600 shares during the period. AlphaQuest LLC increased its stake in shares of Valero Energy by 19.6% during the 2nd quarter. AlphaQuest LLC now owns 1,189 shares of the oil and gas company’s stock worth $160,000 after purchasing an additional 195 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Valero Energy by 1.1% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 725,478 shares of the oil and gas company’s stock valued at $97,519,000 after purchasing an additional 7,889 shares during the period. Finally, Jackson Hole Capital Partners LLC grew its holdings in Valero Energy by 51.6% during the second quarter. Jackson Hole Capital Partners LLC now owns 5,746 shares of the oil and gas company’s stock worth $772,000 after purchasing an additional 1,956 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

VLO has been the subject of a number of recent analyst reports. Mizuho raised their price objective on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Raymond James Financial reissued a “strong-buy” rating and issued a $195.00 price target (up from $181.00) on shares of Valero Energy in a report on Friday. Evercore ISI upped their price objective on Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a report on Friday, September 19th. Morgan Stanley lowered shares of Valero Energy from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $160.00 to $175.00 in a research report on Friday, October 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Valero Energy from $177.00 to $197.00 and gave the stock an “overweight” rating in a report on Friday. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $179.27.

Valero Energy Stock Performance

Valero Energy stock opened at $170.92 on Friday. The stock has a market cap of $53.10 billion, a PE ratio of 35.68, a P/E/G ratio of 1.94 and a beta of 1.05. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The business’s 50-day moving average price is $158.99 and its two-hundred day moving average price is $140.63. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $178.43.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.15 by $0.51. The business had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.68%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 EPS. As a group, analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

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.