Valero Energy Corporation $VLO Position Reduced by Jackson Square Capital LLC

Jackson Square Capital LLC decreased its position in Valero Energy Corporation (NYSE:VLO) by 48.6% during the third quarter, Holdings Channel reports. The fund owned 1,239 shares of the oil and gas company’s stock after selling 1,172 shares during the period. Jackson Square Capital LLC’s holdings in Valero Energy were worth $480,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE boosted its position in Valero Energy by 11.4% in the first quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock worth $1,243,630,000 after purchasing an additional 516,975 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Valero Energy by 9.4% during the 1st quarter. Bank of New York Mellon Corp now owns 2,969,320 shares of the oil and gas company’s stock valued at $733,660,000 after purchasing an additional 254,604 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Valero Energy by 18.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,842,339 shares of the oil and gas company’s stock valued at $702,285,000 after purchasing an additional 442,177 shares during the last quarter. Amundi increased its position in shares of Valero Energy by 45.3% during the 1st quarter. Amundi now owns 2,584,976 shares of the oil and gas company’s stock valued at $638,695,000 after purchasing an additional 806,018 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Valero Energy by 33.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,058,341 shares of the oil and gas company’s stock valued at $536,074,000 after purchasing an additional 520,642 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Citigroup raised their price objective on shares of Valero Energy from $302.00 to $485.00 and gave the stock a “neutral” rating in a report on Tuesday, October 13th. Raymond James Financial upped their target price on shares of Valero Energy from $350.00 to $450.00 and gave the company a “strong-buy” rating in a report on Monday, September 14th. Weiss Ratings upgraded shares of Valero Energy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. TD Cowen increased their price target on shares of Valero Energy from $338.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Finally, Erste Group Bank cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, August 27th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and an average target price of $382.62.

Valero Energy Stock Performance

VLO traded down $4.34 during midday trading on Monday, reaching $440.37. The company had a trading volume of 914,590 shares, compared to its average volume of 3,304,204. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average of $383.13 and a two-hundred day moving average of $304.08. The company has a market cap of $126.79 billion, a P/E ratio of 18.24, a P/E/G ratio of 0.29 and a beta of 0.59. Valero Energy Corporation has a 1 year low of $156.26 and a 1 year high of $461.52.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, topping the consensus estimate of $10.11 by $2.43. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%. The firm had revenue of $44.48 billion for the quarter, compared to the consensus estimate of $39.47 billion. During the same quarter last year, the company earned $2.28 earnings per share. The business’s revenue for the quarter was up 48.8% compared to the same quarter last year. As a group, equities research analysts predict that Valero Energy Corporation will post 51.77 earnings per share for the current fiscal year.

Valero Energy Company Profile

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.