Angeles Wealth Management LLC Has $385,000 Holdings in Valero Energy Corporation $VLO

Angeles Wealth Management LLC grew its stake in shares of Valero Energy Corporation (NYSE:VLO) by 16.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,860 shares of the oil and gas company’s stock after acquiring an additional 397 shares during the period. Angeles Wealth Management LLC’s holdings in Valero Energy were worth $385,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Broadway Wealth Solutions Inc. lifted its position in Valero Energy by 3.8% during the second quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock worth $251,000 after acquiring an additional 69 shares during the last quarter. Park Place Capital Corp lifted its position in Valero Energy by 21.8% during the second quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 75 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its position in Valero Energy by 1.4% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock worth $732,000 after acquiring an additional 78 shares during the last quarter. Summit Financial LLC lifted its position in Valero Energy by 4.6% during the first quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock worth $239,000 after acquiring an additional 79 shares during the last quarter. Finally, Keeley Teton Advisors LLC lifted its position in Valero Energy by 1.1% during the first quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock worth $1,025,000 after acquiring an additional 81 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VLO has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, October 8th. Piper Sandler lifted their price target on shares of Valero Energy from $171.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. Mizuho lifted their price target on shares of Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Citigroup downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating and lifted their price target for the company from $134.00 to $150.00 in a research report on Wednesday, July 16th. Finally, UBS Group lifted their price target on shares of Valero Energy from $165.00 to $183.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and an average price target of $173.27.

Valero Energy Stock Up 0.8%

Shares of VLO opened at $157.62 on Friday. Valero Energy Corporation has a one year low of $99.00 and a one year high of $178.43. The company has a market cap of $48.96 billion, a P/E ratio of 65.68, a P/E/G ratio of 1.61 and a beta of 1.05. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. The firm has a 50 day simple moving average of $155.99 and a two-hundred day simple moving average of $138.84.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, beating the consensus estimate of $1.66 by $0.62. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. During the same period in the previous year, the business earned $2.71 earnings per share. The company’s revenue was down 13.3% on a year-over-year basis. Research 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.