1,583 Shares in Valero Energy Corporation $VLO Bought by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC bought a new stake in Valero Energy Corporation (NYSE:VLO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,583 shares of the oil and gas company’s stock, valued at approximately $213,000.

Several other large investors also recently bought and sold shares of VLO. Price T Rowe Associates Inc. MD grew its holdings in Valero Energy by 276.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock valued at $1,425,754,000 after purchasing an additional 7,931,018 shares during the last quarter. Vanguard Group Inc. grew its holdings in Valero Energy by 12.0% in the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock valued at $5,135,043,000 after purchasing an additional 4,155,522 shares during the last quarter. Nuveen LLC acquired a new stake in Valero Energy in the first quarter valued at $529,864,000. Invesco Ltd. grew its holdings in Valero Energy by 34.1% in the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock valued at $647,823,000 after purchasing an additional 1,247,196 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Valero Energy by 6.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock valued at $1,510,586,000 after purchasing an additional 736,533 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on VLO shares. JPMorgan Chase & Co. upped their target price on Valero Energy from $177.00 to $197.00 and gave the company an “overweight” rating in a report on Friday. Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Mizuho increased their price objective on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $195.00 price objective (up previously from $181.00) on shares of Valero Energy in a research note on Friday. Finally, Piper Sandler increased their price objective on Valero Energy from $200.00 to $201.00 and gave the company an “overweight” rating in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $179.27.

Valero Energy Stock Performance

NYSE VLO opened at $170.92 on Monday. The business’s 50-day moving average price is $158.99 and its 200 day moving average price is $141.05. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The company has a market capitalization of $53.10 billion, a PE 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 released its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $28.80 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, research analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current year.

About Valero Energy

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.