Foster Victor Wealth Advisors LLC lifted its holdings in Valero Energy Co. (NYSE:VLO) by 169.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,204 shares of the oil and gas company’s stock after buying an additional 20,261 shares during the period. Valero Energy makes up 1.5% of Foster Victor Wealth Advisors LLC’s holdings, making the stock its 13th biggest position. Foster Victor Wealth Advisors LLC’s holdings in Valero Energy were worth $2,686,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of VLO. Private Advisor Group LLC lifted its stake in shares of Valero Energy by 3.9% in the first quarter. Private Advisor Group LLC now owns 18,215 shares of the oil and gas company’s stock worth $1,542,000 after buying an additional 677 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in Valero Energy by 12.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 3,260,595 shares of the oil and gas company’s stock worth $276,595,000 after purchasing an additional 353,355 shares during the period. Wealthfront Advisers LLC raised its stake in Valero Energy by 6.9% during the first quarter. Wealthfront Advisers LLC now owns 9,291 shares of the oil and gas company’s stock worth $788,000 after purchasing an additional 602 shares during the period. Advisory Alpha LLC purchased a new position in Valero Energy during the first quarter worth about $27,000. Finally, GWM Advisors LLC raised its stake in Valero Energy by 36.0% during the first quarter. GWM Advisors LLC now owns 19,659 shares of the oil and gas company’s stock worth $1,668,000 after purchasing an additional 5,203 shares during the period. 76.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of VLO stock traded up $2.61 during trading on Friday, reaching $88.41. The company’s stock had a trading volume of 534,021 shares, compared to its average volume of 3,363,322. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92. The company has a market capitalization of $34.53 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 2.23 and a beta of 1.48. The stock’s 50-day moving average price is $80.64 and its 200 day moving average price is $81.96. Valero Energy Co. has a 1-year low of $68.81 and a 1-year high of $111.38.
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 for the quarter, beating analysts’ consensus estimates of $1.37 by $0.14. The firm had revenue of $28.93 billion during the quarter, compared to analysts’ expectations of $25.45 billion. Valero Energy had a net margin of 2.27% and a return on equity of 11.31%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.15 earnings per share. On average, sell-side analysts anticipate that Valero Energy Co. will post 4.62 EPS for the current fiscal year.
A number of brokerages have commented on VLO. JPMorgan Chase & Co. reduced their target price on shares of Valero Energy from $96.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 10th. Wells Fargo & Co lifted their target price 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 raised 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 target price on shares of Valero Energy and gave the stock a “buy” rating in a research note on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Valero Energy has an average rating of “Buy” and a consensus 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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