KPP Advisory Services LLC Buys Shares of 2,109 Valero Energy Corporation $VLO

KPP Advisory Services LLC bought a new stake in shares of Valero Energy Corporation (NYSE:VLO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,109 shares of the oil and gas company’s stock, valued at approximately $283,000.

A number of other institutional investors and hedge funds have also bought and sold shares of VLO. Broadway Wealth Solutions Inc. increased its holdings in shares of Valero Energy by 3.8% in the 2nd quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock valued at $251,000 after acquiring an additional 69 shares during the period. Park Place Capital Corp increased its holdings in shares of Valero Energy by 21.8% in the 2nd quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 75 shares during the period. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Valero Energy by 1.4% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock valued at $732,000 after acquiring an additional 78 shares during the period. Summit Financial LLC increased its holdings in shares of Valero Energy by 4.6% in the 1st quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock valued at $239,000 after acquiring an additional 79 shares during the period. Finally, Keeley Teton Advisors LLC increased its holdings in shares of Valero Energy by 1.1% in the 1st quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock valued at $1,025,000 after acquiring an additional 81 shares during the period. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Up 7.0%

Shares of VLO stock opened at $173.21 on Friday. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $178.43. The stock’s fifty day moving average price is $158.31 and its 200 day moving average price is $140.18. 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 company has a market cap of $53.81 billion, a price-to-earnings ratio of 72.17, a price-to-earnings-growth ratio of 1.82 and a beta of 1.05.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.51. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The firm had revenue of $32.17 billion for the quarter, compared to the consensus estimate of $28.80 billion. During the same period in the previous year, the business earned $1.14 EPS. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, research analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VLO has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Valero Energy in a report on Wednesday, October 8th. TD Cowen downgraded Valero Energy from a “buy” rating to a “hold” rating and lifted their price target for the company from $118.00 to $140.00 in a report on Tuesday, July 22nd. Mizuho lifted their price target on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Barclays lifted their price target on Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Finally, UBS Group lifted their price target on Valero Energy from $165.00 to $183.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Three investment 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $173.27.

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.