Valero Energy Corporation $VLO Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 1.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 725,478 shares of the oil and gas company’s stock after purchasing an additional 7,889 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Valero Energy were worth $97,519,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Wayfinding Financial LLC bought a new stake in shares of Valero Energy during the 1st quarter worth $26,000. Hoey Investments Inc. purchased a new stake in shares of Valero Energy during the second quarter valued at $26,000. GFG Capital LLC acquired a new position in shares of Valero Energy in the 2nd quarter valued at $27,000. Hazlett Burt & Watson Inc. increased its stake in Valero Energy by 156.6% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 130 shares in the last quarter. Finally, Hemington Wealth Management raised its holdings in Valero Energy by 39.9% during the 1st quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock worth $43,000 after buying an additional 95 shares during the period. Institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VLO. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $152.00 to $179.00 in a report on Wednesday, September 3rd. Wolfe Research lowered shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Citigroup downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating and boosted their target price for the company from $134.00 to $150.00 in a research note on Wednesday, July 16th. Barclays increased their target price on Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Finally, Morgan Stanley downgraded Valero Energy from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $160.00 to $175.00 in a report on Friday, October 3rd. Three equities 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.27.

Valero Energy Trading Down 1.3%

Valero Energy stock opened at $170.92 on Friday. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $178.43. 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 stock has a market cap of $53.10 billion, a P/E ratio of 35.68, a P/E/G ratio of 1.92 and a beta of 1.05. The company’s fifty day simple moving average is $158.99 and its 200-day simple moving average is $140.88.

Valero Energy (NYSE:VLO) last released 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 8.68% and a net margin of 1.21%.The firm had revenue of $32.17 billion during the quarter, compared to analysts’ expectations of $28.80 billion. During the same quarter last year, the firm earned $1.14 earnings per share. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, sell-side analysts forecast that Valero Energy Corporation will post 7.92 EPS 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.