CVA Family Office LLC Acquires 211 Shares of Valero Energy Corporation $VLO

CVA Family Office LLC boosted its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 24.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,058 shares of the oil and gas company’s stock after acquiring an additional 211 shares during the quarter. CVA Family Office LLC’s holdings in Valero Energy were worth $142,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in shares of Valero Energy during the first quarter valued at $26,000. Hoey Investments Inc. purchased a new stake in Valero Energy in the 2nd quarter valued at about $26,000. GFG Capital LLC bought a new position in Valero Energy in the 2nd quarter worth about $27,000. Hazlett Burt & Watson Inc. increased its position in shares of Valero Energy by 156.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 130 shares during the period. Finally, Hemington Wealth Management raised its stake in shares of Valero Energy by 39.9% during the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

VLO stock opened at $170.92 on Friday. Valero Energy Corporation has a one year low of $99.00 and a one year high of $178.43. The firm has a market cap of $53.10 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 1.92 and a beta of 1.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The firm has a 50-day simple moving average of $158.99 and a two-hundred day simple moving average of $140.88.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Valero Energy from $177.00 to $197.00 and gave the stock an “overweight” rating in a report on Friday. Piper Sandler raised their price target on Valero Energy from $200.00 to $201.00 and gave the company an “overweight” rating in a research note on Friday. Jefferies Financial Group upped their price objective on shares of Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. TD Cowen raised their target price on shares of Valero Energy from $162.00 to $165.00 and gave the company a “hold” rating in a research report on Friday. Finally, Barclays boosted their price target on shares of Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and an average target price of $179.27.

Valero Energy 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.