Good Life Advisors LLC Raises Stock Position in Valero Energy Co. (NYSE:VLO)

Good Life Advisors LLC boosted its stake in shares of Valero Energy Co. (NYSE:VLO) by 2.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,544 shares of the oil and gas company’s stock after purchasing an additional 178 shares during the period. Good Life Advisors LLC’s holdings in Valero Energy were worth $1,019,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its holdings in Valero Energy by 37.6% during the first quarter. Acadian Asset Management LLC now owns 1,558,750 shares of the oil and gas company’s stock worth $266,040,000 after acquiring an additional 426,093 shares during the period. Dimensional Fund Advisors LP boosted its position in Valero Energy by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock worth $677,007,000 after purchasing an additional 237,347 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Valero Energy by 17.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,550,010 shares of the oil and gas company’s stock worth $238,841,000 after purchasing an additional 232,494 shares during the period. Westwood Holdings Group Inc. purchased a new position in shares of Valero Energy during the 1st quarter valued at approximately $39,517,000. Finally, Hsbc Holdings PLC boosted its holdings in Valero Energy by 20.5% during the second quarter. Hsbc Holdings PLC now owns 1,145,117 shares of the oil and gas company’s stock worth $179,490,000 after buying an additional 194,974 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on VLO. Wells Fargo & Company raised shares of Valero Energy from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $172.00 to $165.00 in a report on Wednesday, October 9th. Piper Sandler lowered Valero Energy from an “overweight” rating to a “neutral” rating and cut their price target for the company from $169.00 to $123.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. reduced their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Scotiabank dropped their price objective on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Mizuho reduced their target price on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $158.60.

Valero Energy Price Performance

Valero Energy stock opened at $136.65 on Friday. The company has a fifty day simple moving average of $140.05 and a 200-day simple moving average of $152.01. The firm has a market capitalization of $43.78 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 3.75 and a beta of 1.39. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. Valero Energy Co. has a 52-week low of $119.88 and a 52-week high of $184.79.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.11. The company had revenue of $34.49 billion during the quarter, compared to analysts’ expectations of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. Valero Energy’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.40 EPS. On average, equities analysts anticipate that Valero Energy Co. will post 9.41 EPS for the current fiscal year.

About Valero Energy

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.