Wealthfront Advisers LLC Increases Stock Position in Valero Energy Co. (NYSE:VLO)

Wealthfront Advisers LLC boosted its stake in Valero Energy Co. (NYSE:VLO) by 13.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,309 shares of the oil and gas company’s stock after acquiring an additional 1,008 shares during the period. Wealthfront Advisers LLC’s holdings in Valero Energy were worth $708,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in VLO. SeaCrest Wealth Management LLC raised its holdings in shares of Valero Energy by 15.0% in the third quarter. SeaCrest Wealth Management LLC now owns 15,066 shares of the oil and gas company’s stock valued at $1,284,000 after buying an additional 1,960 shares during the last quarter. NewSquare Capital LLC raised its holdings in shares of Valero Energy by 9.7% in the third quarter. NewSquare Capital LLC now owns 25,277 shares of the oil and gas company’s stock valued at $2,155,000 after buying an additional 2,225 shares during the last quarter. Stock Yards Bank & Trust Co. raised its holdings in shares of Valero Energy by 3.1% in the third quarter. Stock Yards Bank & Trust Co. now owns 97,567 shares of the oil and gas company’s stock valued at $8,316,000 after buying an additional 2,892 shares during the last quarter. Three Peaks Capital Management LLC purchased a new stake in shares of Valero Energy in the third quarter valued at about $2,160,000. Finally, Reilly Financial Advisors LLC raised its holdings in shares of Valero Energy by 2.0% in the third quarter. Reilly Financial Advisors LLC now owns 97,166 shares of the oil and gas company’s stock valued at $8,282,000 after buying an additional 1,940 shares during the last quarter. 76.22% of the stock is owned by hedge funds and other institutional investors.

VLO traded up $0.96 on Friday, hitting $91.06. 3,385,687 shares of the company were exchanged, compared to its average volume of 2,649,725. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.42. The business’s fifty day moving average is $82.94 and its 200 day moving average is $82.12. Valero Energy Co. has a fifty-two week low of $68.81 and a fifty-two week high of $100.29. The firm has a market capitalization of $37.34 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 2.51 and a beta of 1.48.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.14. Valero Energy had a net margin of 2.27% and a return on equity of 11.31%. The company had revenue of $28.93 billion for the quarter, compared to analyst estimates of $25.45 billion. During the same period in the prior year, the business posted $2.15 earnings per share. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. Analysts forecast that Valero Energy Co. will post 4.48 EPS for the current fiscal year.

VLO has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Valero Energy from $96.00 to $83.00 and set an “overweight” rating for the company in a report on Tuesday, September 10th. Wells Fargo & Co boosted their price target on shares of Valero Energy from $107.00 to $108.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. ValuEngine upgraded shares of Valero Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 27th. Finally, Royal Bank of Canada set a $98.00 price target on shares of Valero Energy and gave the stock a “buy” rating in a research note on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $103.56.

Valero Energy 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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