Mutual Advisors LLC Acquires 532 Shares of Valero Energy Corporation $VLO

Mutual Advisors LLC increased its holdings in Valero Energy Corporation (NYSE:VLO) by 6.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 8,327 shares of the oil and gas company’s stock after purchasing an additional 532 shares during the quarter. Mutual Advisors LLC’s holdings in Valero Energy were worth $1,182,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in 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 worth $5,135,043,000 after purchasing an additional 4,155,522 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Valero Energy by 6.9% in 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 last quarter. Price T Rowe Associates Inc. MD grew its holdings in Valero Energy by 276.9% in 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 last quarter. Invesco Ltd. grew its holdings in Valero Energy by 34.1% in 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 last quarter. Finally, Nuveen LLC purchased a new position in Valero Energy in the first quarter worth $529,864,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VLO. UBS Group boosted their price objective on shares of Valero Energy from $165.00 to $183.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Wells Fargo & Company began coverage on shares of Valero Energy in a report on Friday. They set an “overweight” rating and a $216.00 price objective on the stock. Citigroup lowered shares of Valero Energy from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $134.00 to $150.00 in a report on Wednesday, July 16th. Mizuho boosted their price objective on shares of Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Finally, Jefferies Financial Group boosted their price objective on shares of Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $173.27.

Valero Energy Price Performance

NYSE:VLO opened at $157.62 on Friday. Valero Energy Corporation has a one year low of $99.00 and a one year high of $178.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The firm has a market cap of $48.96 billion, a price-to-earnings ratio of 65.68, a PEG ratio of 1.61 and a beta of 1.05. The firm’s fifty day moving average is $155.99 and its two-hundred day moving average is $138.84.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, beating the consensus estimate of $1.66 by $0.62. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $27 billion. During the same period in the prior year, the company earned $2.71 earnings per share. The firm’s revenue was down 13.3% on a year-over-year basis. Research analysts expect that Valero Energy Corporation will post 7.92 EPS for the current year.

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.