Commerzbank Aktiengesellschaft FI Grows Stock Position in Valero Energy Co. (NYSE:VLO)

Commerzbank Aktiengesellschaft FI grew its position in Valero Energy Co. (NYSE:VLO) by 307.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,599 shares of the oil and gas company’s stock after acquiring an additional 4,981 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Valero Energy were worth $892,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VLO. EdgeRock Capital LLC purchased a new position in shares of Valero Energy in the second quarter valued at approximately $27,000. Lynx Investment Advisory purchased a new position in shares of Valero Energy in the second quarter valued at approximately $29,000. Summit Securities Group LLC acquired a new stake in shares of Valero Energy in the second quarter valued at approximately $31,000. Pathway Financial Advisers LLC acquired a new stake in shares of Valero Energy in the first quarter valued at approximately $33,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of Valero Energy in the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on VLO shares. Barclays cut their price target on Valero Energy from $165.00 to $146.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. StockNews.com cut Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Bank of America started coverage on Valero Energy in a report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price target for the company. Scotiabank cut their target price on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Finally, Wells Fargo & Company raised Valero Energy from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $172.00 to $165.00 in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.60.

Valero Energy Trading Down 2.1 %

VLO opened at $132.89 on Thursday. Valero Energy Co. has a 52 week low of $119.88 and a 52 week high of $184.79. The business has a fifty day simple moving average of $138.91 and a 200-day simple moving average of $150.60. The firm has a market cap of $42.58 billion, a P/E ratio of 7.59, a P/E/G ratio of 3.53 and a beta of 1.39. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.11. The firm had revenue of $34.49 billion during the quarter, compared to analyst estimates of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. Valero Energy’s revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $5.40 earnings per share. On average, equities analysts expect that Valero Energy Co. will post 9.6 earnings per share for the current 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.