GoalVest Advisory LLC Raises Position in Valero Energy Corporation $VLO

GoalVest Advisory LLC increased its holdings in Valero Energy Corporation (NYSE:VLO) by 3.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 9,159 shares of the oil and gas company’s stock after acquiring an additional 301 shares during the quarter. GoalVest Advisory LLC’s holdings in Valero Energy were worth $1,231,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Broadway Wealth Solutions Inc. raised its position 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 worth $251,000 after buying an additional 69 shares in the last quarter. Park Place Capital Corp raised its position in Valero Energy by 21.8% during the second quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock valued at $58,000 after purchasing an additional 75 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its position in Valero Energy by 1.4% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock valued at $732,000 after purchasing an additional 78 shares in the last quarter. Summit Financial LLC raised its position in Valero Energy by 4.6% during the first quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock valued at $239,000 after purchasing an additional 79 shares in the last quarter. Finally, Keeley Teton Advisors LLC raised its position in Valero Energy by 1.1% during the first quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock valued at $1,025,000 after purchasing an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 1.3%

Shares of NYSE:VLO opened at $170.92 on Monday. The stock’s 50-day moving average price is $158.99 and its 200-day moving average price is $141.05. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $178.43. The stock has a market capitalization of $53.10 billion, a P/E ratio of 35.68, a price-to-earnings-growth ratio of 1.92 and a beta of 1.05. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.51. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The firm had revenue of $32.17 billion for the quarter, compared to analysts’ expectations of $28.80 billion. During the same period last year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VLO. UBS Group restated a “buy” rating and set a $183.00 price target on shares of Valero Energy in a research report on Friday. Morgan Stanley downgraded Valero Energy from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $160.00 to $175.00 in a research report on Friday, October 3rd. Barclays raised their price target on Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Evercore ISI raised their price target on Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a research report on Friday, September 19th. Finally, JPMorgan Chase & Co. raised their price target on Valero Energy from $177.00 to $197.00 and gave the company an “overweight” rating in a research report on Friday. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $179.27.

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.