Alamar Capital Management LLC Has $1.26 Million Stock Holdings in Valero Energy Corporation $VLO

Alamar Capital Management LLC cut its position in shares of Valero Energy Corporation (NYSE:VLO) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,386 shares of the oil and gas company’s stock after selling 410 shares during the period. Alamar Capital Management LLC’s holdings in Valero Energy were worth $1,262,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hoey Investments Inc. bought a new stake in shares of Valero Energy during the 2nd quarter worth about $26,000. Wayfinding Financial LLC bought a new stake in shares of Valero Energy during the 1st quarter worth about $26,000. GFG Capital LLC bought a new stake in shares of Valero Energy during the 2nd quarter worth about $27,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of Valero Energy by 156.6% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after buying an additional 130 shares during the period. Finally, Ransom Advisory Ltd bought a new stake in shares of Valero Energy during the 1st quarter worth about $43,000. Institutional investors own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Piper Sandler lifted their target price on shares of Valero Energy from $171.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a report on Wednesday, October 8th. Wolfe Research downgraded shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. TD Cowen downgraded shares of Valero Energy from a “buy” rating to a “hold” rating and lifted their target price for the stock from $118.00 to $140.00 in a report on Tuesday, July 22nd. Finally, UBS Group boosted their price objective on shares of Valero Energy from $165.00 to $183.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $173.27.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $173.21 on Friday. The firm has a 50 day moving average of $158.31 and a 200-day moving average of $140.18. The stock has a market capitalization of $53.81 billion, a PE ratio of 72.17, a PEG ratio of 1.82 and a beta of 1.05. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $178.43.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.15 by $0.51. The company had revenue of $32.17 billion during the quarter, compared to analysts’ expectations of $28.80 billion. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 EPS. On average, equities research analysts predict that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

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.