Intercontinental Wealth Advisors LLC Buys New Position in Valero Energy Co. (NYSE:VLO)

Intercontinental Wealth Advisors LLC bought a new stake in shares of Valero Energy Co. (NYSE:VLO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,000 shares of the oil and gas company’s stock, valued at approximately $2,216,000. Valero Energy makes up 1.4% of Intercontinental Wealth Advisors LLC’s holdings, making the stock its 15th biggest position.

A number of other hedge funds have also recently made changes to their positions in VLO. Advisory Alpha LLC bought a new position in Valero Energy during the first quarter valued at about $27,000. Archford Capital Strategies LLC boosted its position in shares of Valero Energy by 122.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Titan Capital Management LLC CA acquired a new position in shares of Valero Energy in the 2nd quarter valued at $32,000. Stonebridge Capital Advisors LLC acquired a new position in shares of Valero Energy in the 2nd quarter valued at $32,000. Finally, Griffin Asset Management Inc. acquired a new position in shares of Valero Energy in the 2nd quarter valued at $34,000. 76.33% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Valero Energy from $96.00 to $83.00 and set an “overweight” rating for the company in a research report on Tuesday, September 10th. ValuEngine upgraded Valero Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 27th. Wells Fargo & Co increased their price target on Valero Energy from $107.00 to $108.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Finally, Royal Bank of Canada set a $98.00 price target on Valero Energy and gave the company a “buy” rating in a research report on Friday, July 26th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $103.56.

Valero Energy stock traded up $1.75 during mid-day trading on Wednesday, hitting $85.07. The company’s stock had a trading volume of 2,785,013 shares, compared to its average volume of 3,508,658. The firm’s 50 day moving average is $80.39 and its 200 day moving average is $81.96. The company has a market cap of $35.03 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 2.26 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92. Valero Energy Co. has a 52-week low of $68.81 and a 52-week high of $116.15.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.14. The firm had revenue of $28.93 billion during the quarter, compared to the consensus estimate of $25.45 billion. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.15 EPS. As a group, analysts forecast that Valero Energy Co. will post 4.67 EPS for the current year.

Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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