Wealthfront Advisers LLC Has $11.27 Million Holdings in Valero Energy Corporation $VLO

Wealthfront Advisers LLC grew its stake in Valero Energy Corporation (NYSE:VLO) by 9.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,801 shares of the oil and gas company’s stock after acquiring an additional 7,432 shares during the quarter. Wealthfront Advisers LLC’s holdings in Valero Energy were worth $11,265,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VLO. Kestra Private Wealth Services LLC increased its stake in Valero Energy by 18.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company’s stock worth $2,959,000 after purchasing an additional 3,503 shares in the last quarter. Hancock Whitney Corp lifted its holdings in shares of Valero Energy by 8.9% during the first quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock worth $6,138,000 after buying an additional 3,790 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Valero Energy in the first quarter worth $766,000. FORA Capital LLC bought a new position in Valero Energy in the first quarter valued at about $866,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Valero Energy by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company’s stock valued at $74,025,000 after purchasing an additional 56,274 shares in the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Trading Down 1.3%

Shares of Valero Energy stock opened at $170.92 on Monday. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $178.43. The firm has a market cap of $53.10 billion, a PE ratio of 35.68, a P/E/G ratio of 1.92 and a beta of 1.05. The stock has a fifty day moving average price of $158.99 and a 200-day moving average price of $141.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09.

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 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 company had revenue of $32.17 billion during the quarter, compared to analyst estimates of $28.80 billion. During the same quarter last year, the firm posted $1.14 EPS. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities research analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current year.

Analyst Upgrades and Downgrades

VLO has been the topic of a number of research analyst reports. Wells Fargo & Company initiated coverage on Valero Energy in a report on Friday, October 17th. They set an “overweight” rating and a $216.00 price target on the stock. 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 research report on Friday. Barclays raised their price objective on Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Piper Sandler raised 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. Finally, Jefferies Financial Group raised their price objective on Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $179.27.

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.