Barings LLC boosted its stake in Valero Energy Co. (NYSE:VLO) by 2.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 69,454 shares of the oil and gas company’s stock after acquiring an additional 1,896 shares during the quarter. Barings LLC’s holdings in Valero Energy were worth $7,900,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in Valero Energy in the 3rd quarter valued at $101,000. Kiley Juergens Wealth Management LLC acquired a new stake in Valero Energy in the 2nd quarter valued at $117,000. Kaizen Advisory LLC grew its stake in Valero Energy by 156.8% in the 2nd quarter. Kaizen Advisory LLC now owns 1,063 shares of the oil and gas company’s stock valued at $118,000 after acquiring an additional 649 shares during the period. Stelac Advisory Services LLC acquired a new stake in Valero Energy in the 2nd quarter valued at $125,000. Finally, Reilly Financial Advisors LLC grew its stake in Valero Energy by 1,164.4% in the 3rd quarter. Reilly Financial Advisors LLC now owns 1,315 shares of the oil and gas company’s stock valued at $150,000 after acquiring an additional 1,211 shares during the period. 78.21% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Stephen M. Waters sold 1,000 shares of Valero Energy stock in a transaction on Monday, July 30th. The stock was sold at an average price of $116.76, for a total transaction of $116,760.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.45% of the stock is owned by insiders.
Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.95 by $0.06. Valero Energy had a return on equity of 11.91% and a net margin of 3.96%. The business had revenue of $30.85 billion for the quarter, compared to analyst estimates of $31.82 billion. As a group, analysts forecast that Valero Energy Co. will post 6.39 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on VLO shares. Standpoint Research raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Morgan Stanley lifted their target price on shares of Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 31st. Tudor Pickering cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Goldman Sachs Group cut shares of Valero Energy from a “neutral” rating to a “sell” rating in a research note on Friday, October 19th. Finally, Wells Fargo & Co lowered their target price on shares of Valero Energy from $141.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $117.29.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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