Valero Energy Co. (NYSE:VLO) Shares Acquired by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lifted its stake in shares of Valero Energy Co. (NYSE:VLO) by 76.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,333 shares of the oil and gas company’s stock after purchasing an additional 3,598 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Valero Energy were worth $1,125,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. EdgeRock Capital LLC purchased a new position in Valero Energy during the 2nd quarter worth $27,000. Lynx Investment Advisory acquired a new position in shares of Valero Energy during the second quarter worth about $29,000. Summit Securities Group LLC purchased a new position in Valero Energy during the second quarter worth about $31,000. Pathway Financial Advisers LLC acquired a new stake in Valero Energy in the first quarter valued at about $33,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in Valero Energy during the 3rd quarter worth approximately $34,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Scotiabank reduced their price target on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. StockNews.com downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. The Goldman Sachs Group lowered their price target on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research note on Monday, September 16th. Piper Sandler cut shares of Valero Energy from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $169.00 to $123.00 in a research note on Friday, September 20th. Finally, Citigroup lowered their target price on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $154.53.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $132.40 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. The business’s fifty day moving average price is $138.55 and its two-hundred day moving average price is $150.47. The stock has a market cap of $42.42 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Valero Energy Co. has a one year low of $119.88 and a one year high of $184.79.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The business had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. During the same quarter last year, the company earned $7.49 earnings per share. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. On average, analysts forecast that Valero Energy Co. will post 9.6 EPS for the current fiscal year.

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.