Probity Advisors Inc. Has $250,000 Stake in Valero Energy Corporation $VLO

Probity Advisors Inc. increased its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 4.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,863 shares of the oil and gas company’s stock after acquiring an additional 84 shares during the period. Probity Advisors Inc.’s holdings in Valero Energy were worth $250,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new stake in Valero Energy in the first quarter valued at $26,000. Hoey Investments Inc. acquired a new stake in Valero Energy in the second quarter valued at $26,000. GFG Capital LLC acquired a new stake in Valero Energy in the second quarter valued at $27,000. Hazlett Burt & Watson Inc. lifted its stake in Valero Energy by 156.6% in the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 130 shares during the last quarter. Finally, Hemington Wealth Management lifted its stake in Valero Energy by 39.9% in the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Price Performance

Valero Energy stock opened at $157.76 on Wednesday. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $178.43. 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 stock’s 50 day moving average is $157.05 and its 200-day moving average is $139.56. The company has a market capitalization of $49.01 billion, a price-to-earnings ratio of 65.73, a PEG ratio of 1.61 and a beta of 1.05.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, topping 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 business had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $27 billion. During the same quarter in the previous year, the company earned $2.71 EPS. The business’s revenue was down 13.3% on a year-over-year basis. Equities research analysts expect that Valero Energy Corporation will post 7.92 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on VLO shares. Jefferies Financial Group increased their price target on shares of Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Wells Fargo & Company started coverage on shares of Valero Energy in a research note on Friday, October 17th. They issued an “overweight” rating and a $216.00 price target for the company. Barclays increased their price target on shares of Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. TD Cowen downgraded shares of Valero Energy from a “buy” rating to a “hold” rating and lifted their target price for the stock from $118.00 to $140.00 in a report on Tuesday, July 22nd. Finally, Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $152.00 to $179.00 in a report on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.