Stratos Wealth Partners LTD. Buys 1,061 Shares of Valero Energy Corporation $VLO

Stratos Wealth Partners LTD. lifted its stake in Valero Energy Corporation (NYSE:VLO) by 5.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,708 shares of the oil and gas company’s stock after acquiring an additional 1,061 shares during the period. Stratos Wealth Partners LTD.’s holdings in Valero Energy were worth $2,649,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in VLO. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 acquiring an additional 7,931,018 shares during the period. Vanguard Group Inc. boosted its holdings 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 worth $5,135,043,000 after acquiring an additional 4,155,522 shares during the period. Nuveen LLC bought a new position in shares of Valero Energy in the first quarter worth $529,864,000. Invesco Ltd. boosted its holdings in shares of 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 acquiring an additional 1,247,196 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 acquiring an additional 736,533 shares during the period. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Performance

Valero Energy stock opened at $157.62 on Monday. The stock’s 50 day simple moving average is $155.99 and its two-hundred day simple moving average is $139.05. 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 stock has a market cap of $48.96 billion, a price-to-earnings ratio of 65.68, a PEG ratio of 1.59 and a beta of 1.05. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $178.43.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on VLO shares. Jefferies Financial Group lifted their price objective on Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Citigroup downgraded Valero Energy from a “buy” rating to a “neutral” rating and raised their price target for the company from $134.00 to $150.00 in a research report on Wednesday, July 16th. Evercore ISI lifted their price objective on Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a report on Friday, September 19th. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $152.00 to $179.00 in a report on Wednesday, September 3rd. Finally, Wolfe Research downgraded Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $173.27.

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.