Valero Energy Co. (NYSE:VLO) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in Valero Energy Co. (NYSE:VLO) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,293,589 shares of the oil and gas company’s stock after buying an additional 22,571 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.40% of Valero Energy worth $174,673,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. EdgeRock Capital LLC acquired a new position in Valero Energy in the second quarter valued at about $27,000. Lynx Investment Advisory acquired a new stake in shares of Valero Energy during the second quarter worth about $29,000. Summit Securities Group LLC acquired a new stake in shares of Valero Energy during the second quarter worth about $31,000. Pathway Financial Advisers LLC acquired a new stake in shares of Valero Energy during the first quarter worth about $33,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of Valero Energy during the third quarter worth about $34,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

Shares of VLO traded up $0.39 during mid-day trading on Friday, reaching $137.04. 2,083,541 shares of the company’s stock were exchanged, compared to its average volume of 3,171,876. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. The business’s fifty day simple moving average is $139.77 and its 200-day simple moving average is $151.58. Valero Energy Co. has a 52-week low of $119.88 and a 52-week high of $184.79. The stock has a market capitalization of $43.90 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.11. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The firm had revenue of $34.49 billion during the quarter, compared to the consensus estimate of $32.97 billion. During the same period last year, the company earned $5.40 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts expect that Valero Energy Co. will post 9.6 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of Valero Energy from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $172.00 to $165.00 in a research note on Wednesday, October 9th. Scotiabank cut their target price on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Mizuho cut their target price on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. The Goldman Sachs Group cut their target price 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. Finally, Bank of America assumed coverage on shares of Valero Energy in a research note on Thursday. They set a “neutral” rating and a $150.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.60.

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.