Brookwood Investment Group LLC Takes Position in Valero Energy Corporation $VLO

Brookwood Investment Group LLC acquired a new stake in Valero Energy Corporation (NYSE:VLO) during the second quarter, HoldingsChannel reports. The firm acquired 1,987 shares of the oil and gas company’s stock, valued at approximately $267,000.

Other hedge funds have also made changes to their positions in the company. Kestra Private Wealth Services LLC increased its holdings in shares of Valero Energy by 18.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company’s stock valued at $2,959,000 after acquiring an additional 3,503 shares during the last quarter. Hancock Whitney Corp boosted its position in shares of Valero Energy by 8.9% in the 1st quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock valued at $6,138,000 after purchasing an additional 3,790 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Valero Energy in the 1st quarter valued at about $766,000. FORA Capital LLC acquired a new stake in shares of Valero Energy in the 1st quarter valued at about $866,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Valero Energy by 11.2% in the 1st 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 during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 2.9%

VLO opened at $169.34 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. The business has a 50 day simple moving average of $160.37 and a 200-day simple moving average of $141.88. The stock has a market capitalization of $52.61 billion, a P/E ratio of 35.35, a P/E/G ratio of 1.88 and a beta of 1.05. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $178.43.

Valero Energy (NYSE:VLO) last posted its quarterly 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 business had revenue of $32.17 billion during the quarter, compared to analysts’ expectations of $28.80 billion. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $1.14 EPS. On average, equities analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Mizuho upped their target price on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Piper Sandler upped their target price on Valero Energy from $200.00 to $201.00 and gave the company an “overweight” rating in a research report on Friday. Wall Street Zen raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on Valero Energy from $177.00 to $197.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Three 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $179.27.

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.