3,123 Shares in Valero Energy Corporation $VLO Acquired by LifeWealth Investments LLC

LifeWealth Investments LLC purchased a new position in shares of Valero Energy Corporation (NYSE:VLO) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,123 shares of the oil and gas company’s stock, valued at approximately $420,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Valero Energy by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock worth $5,135,043,000 after buying an additional 4,155,522 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Valero Energy by 6.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock worth $1,510,586,000 after buying an additional 736,533 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of 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 worth $1,425,754,000 after purchasing an additional 7,931,018 shares during the last quarter. Invesco Ltd. raised its stake in shares of 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 worth $647,823,000 after purchasing an additional 1,247,196 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Valero Energy in the first quarter worth approximately $529,864,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Trading Up 2.7%

Shares of VLO stock opened at $161.87 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $178.43. The company has a market capitalization of $50.29 billion, a PE ratio of 67.45, a price-to-earnings-growth ratio of 1.59 and a beta of 1.05. The business’s fifty day moving average is $157.56 and its 200 day moving average is $139.72.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The business had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $27 billion. During the same quarter last year, the business posted $2.71 earnings per share. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. On average, equities research analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VLO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a report on Wednesday, October 8th. Wolfe Research lowered Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Evercore ISI increased their price objective on Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a report on Friday, September 19th. Mizuho increased their price objective on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Finally, UBS Group increased their price objective on Valero Energy from $165.00 to $183.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $173.27.

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.