Community Bank & Trust Waco Texas raised its stake in Valero Energy Co. (NYSE:VLO) by 7.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,570 shares of the oil and gas company’s stock after purchasing an additional 2,505 shares during the quarter. Valero Energy makes up about 1.7% of Community Bank & Trust Waco Texas’ portfolio, making the stock its 14th biggest holding. Community Bank & Trust Waco Texas’ holdings in Valero Energy were worth $4,046,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Kiley Juergens Wealth Management LLC bought a new position in shares of Valero Energy during the 2nd quarter worth approximately $117,000. Kaizen Advisory LLC boosted its stake in shares of Valero Energy by 156.8% during the 2nd quarter. Kaizen Advisory LLC now owns 1,063 shares of the oil and gas company’s stock worth $118,000 after acquiring an additional 649 shares during the period. Stelac Advisory Services LLC bought a new position in shares of Valero Energy during the 2nd quarter worth approximately $125,000. Gradient Investments LLC boosted its stake in shares of Valero Energy by 68.1% during the 3rd quarter. Gradient Investments LLC now owns 1,353 shares of the oil and gas company’s stock worth $154,000 after acquiring an additional 548 shares during the period. Finally, Trust Co. of Vermont boosted its stake in shares of Valero Energy by 70.4% during the 2nd quarter. Trust Co. of Vermont now owns 1,452 shares of the oil and gas company’s stock worth $160,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 78.37% of the company’s stock.
Several research analysts have recently commented on the company. Morgan Stanley lifted their target price on Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 31st. Standpoint Research upgraded Valero Energy from a “hold” rating to a “buy” rating in a research note on Friday. Mizuho assumed coverage on Valero Energy in a research note on Wednesday, August 1st. They set a “neutral” rating and a $125.00 target price for the company. ValuEngine downgraded Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Finally, Citigroup lifted their target price on Valero Energy from $125.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, September 7th. Fourteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $116.29.
NYSE:VLO traded up $1.36 during mid-day trading on Friday, hitting $108.25. 3,344,000 shares of the stock were exchanged, compared to its average volume of 3,285,053. The stock has a market cap of $48.62 billion, a P/E ratio of 21.62, a PEG ratio of 1.96 and a beta of 1.03. The company has a current ratio of 1.67, a quick ratio of 1.10 and a debt-to-equity ratio of 0.39. Valero Energy Co. has a fifty-two week low of $75.84 and a fifty-two week high of $126.98.
Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.17. The business had revenue of $31.02 billion during the quarter, compared to analysts’ expectations of $26.56 billion. Valero Energy had a return on equity of 12.06% and a net margin of 4.21%. The firm’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same period last year, the firm posted $1.23 EPS. As a group, sell-side analysts forecast that Valero Energy Co. will post 6.44 EPS for the current year.
In related news, Director Stephen M. Waters sold 1,000 shares of Valero Energy stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.41% of the company’s stock.
Valero Energy 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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