Carnegie Investment Counsel Has $502,000 Stock Holdings in Valero Energy Corporation $VLO

Carnegie Investment Counsel lessened its holdings in Valero Energy Corporation (NYSE:VLO) by 18.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,735 shares of the oil and gas company’s stock after selling 865 shares during the period. Carnegie Investment Counsel’s holdings in Valero Energy were worth $502,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VLO. Price T Rowe Associates Inc. MD boosted its position in Valero Energy by 276.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock valued at $1,425,754,000 after purchasing an additional 7,931,018 shares during the last quarter. Vanguard Group Inc. boosted its position in Valero Energy by 12.0% during the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock valued at $5,135,043,000 after purchasing an additional 4,155,522 shares during the last quarter. Nuveen LLC acquired a new stake in Valero Energy during the first quarter valued at $529,864,000. Invesco Ltd. boosted its position in Valero Energy by 34.1% during the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock valued at $647,823,000 after purchasing an additional 1,247,196 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Valero Energy by 6.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock valued at $1,510,586,000 after purchasing an additional 736,533 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

VLO has been the subject of a number of research reports. Barclays lifted their price objective on Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. UBS Group reaffirmed a “buy” rating and issued a $183.00 price target on shares of Valero Energy 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. Citigroup cut Valero Energy from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $134.00 to $150.00 in a research report on Wednesday, July 16th. Finally, Mizuho boosted their price target on Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $179.27.

Valero Energy Trading Down 1.3%

VLO 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 P/E ratio of 35.68, a P/E/G ratio of 1.92 and a beta of 1.05. The business’s 50 day moving average is $158.99 and its 200-day moving average is $141.05. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $28.80 billion. During the same period in the prior year, the company posted $1.14 EPS. The company’s revenue was down 2.2% compared to the same quarter last year. Equities analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

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.