Ethic Inc. Has $1.58 Million Stock Holdings in Valero Energy Corporation $VLO

Ethic Inc. grew its stake in Valero Energy Corporation (NYSE:VLO) by 13.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,726 shares of the oil and gas company’s stock after buying an additional 1,353 shares during the period. Ethic Inc.’s holdings in Valero Energy were worth $1,579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Valero Energy by 12.0% in 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 buying an additional 4,155,522 shares during the period. Charles Schwab Investment Management Inc. grew its stake 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 worth $1,510,586,000 after purchasing an additional 736,533 shares during the period. Price T Rowe Associates Inc. MD grew its stake 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 worth $1,425,754,000 after purchasing an additional 7,931,018 shares during the period. Invesco Ltd. grew its stake 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 worth $647,823,000 after purchasing an additional 1,247,196 shares during the period. Finally, Nuveen LLC acquired a new stake in Valero Energy during the first quarter worth approximately $529,864,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Down 1.3%

VLO stock opened at $170.92 on Friday. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average is $158.99 and its 200-day moving average is $140.88. The firm has a market capitalization of $53.10 billion, a PE ratio of 35.68, a P/E/G ratio of 1.92 and a beta of 1.05.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.51. Valero Energy had a return on equity of 8.68% 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 quarter last year, the company earned $1.14 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Sell-side analysts expect that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on VLO. Wells Fargo & Company began coverage on Valero Energy in a research note on Friday, October 17th. They set an “overweight” rating and a $216.00 target price for the company. Piper Sandler raised their target price on Valero Energy from $200.00 to $201.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays raised their target price on Valero Energy from $151.00 to $169.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Morgan Stanley lowered Valero Energy from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $160.00 to $175.00 in a report on Friday, October 3rd. Finally, Jefferies Financial Group increased their price target on Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.