Lee Danner & Bass Inc. Has $500,000 Stock Position in Valero Energy Corporation $VLO

Lee Danner & Bass Inc. lifted its stake in Valero Energy Corporation (NYSE:VLO) by 19.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,718 shares of the oil and gas company’s stock after acquiring an additional 600 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Valero Energy were worth $500,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VLO. Wayfinding Financial LLC acquired a new stake in shares of Valero Energy in the first quarter valued at about $26,000. Hoey Investments Inc. bought a new position in Valero Energy during the second quarter worth about $26,000. GFG Capital LLC bought a new position in Valero Energy during the second quarter worth about $27,000. Hazlett Burt & Watson Inc. grew its holdings in Valero Energy by 156.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 130 shares during the period. Finally, Hemington Wealth Management grew its holdings in Valero Energy by 39.9% during the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

VLO has been the subject of several recent research reports. Wall Street Zen upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday. Piper Sandler upped their price target on shares of Valero Energy from $200.00 to $201.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley downgraded shares of Valero Energy from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $160.00 to $175.00 in a report on Friday, October 3rd. Citigroup downgraded Valero Energy from a “buy” rating to a “neutral” rating and increased their price objective for the company from $134.00 to $150.00 in a report on Wednesday, July 16th. Finally, Barclays increased their price objective on Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.27.

Valero Energy Stock Performance

Shares of Valero Energy stock opened at $170.92 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $158.99 and a two-hundred day moving average price of $140.63. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $178.43. The company has a market cap of $53.10 billion, a P/E ratio of 35.68, a PEG ratio of 1.94 and a beta of 1.05.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. The company had revenue of $32.17 billion for the quarter, compared to analysts’ expectations of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.68%. The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 EPS. As a group, analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current 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.