Nachman Norwood & Parrott Inc grew its holdings in Valero Energy Co. (NYSE:VLO) by 11.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,380 shares of the oil and gas company’s stock after purchasing an additional 559 shares during the period. Nachman Norwood & Parrott Inc’s holdings in Valero Energy were worth $459,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Lee Financial Group Hawaii Inc. increased its holdings in shares of Valero Energy by 0.8% in the 2nd quarter. Lee Financial Group Hawaii Inc. now owns 48,496 shares of the oil and gas company’s stock valued at $4,152,000 after purchasing an additional 382 shares during the period. Adams Natural Resources Fund Inc. increased its holdings in shares of Valero Energy by 76.6% in the 2nd quarter. Adams Natural Resources Fund Inc. now owns 206,400 shares of the oil and gas company’s stock valued at $17,670,000 after purchasing an additional 89,500 shares during the period. Thomasville National Bank acquired a new position in Valero Energy in the second quarter worth approximately $1,606,000. Allen Capital Group LLC increased its holdings in Valero Energy by 11.6% in the second quarter. Allen Capital Group LLC now owns 9,268 shares of the oil and gas company’s stock worth $793,000 after buying an additional 962 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in Valero Energy in the first quarter worth approximately $2,706,000. Institutional investors own 76.33% of the company’s stock.
VLO has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price objective on Valero Energy from $96.00 to $83.00 and set an “overweight” rating on the stock in a report on Tuesday, September 10th. Royal Bank of Canada set a $98.00 price objective on Valero Energy and gave the stock a “buy” rating in a report on Friday, July 26th. ValuEngine upgraded Valero Energy from a “sell” rating to a “hold” rating in a report on Friday, September 27th. Finally, Wells Fargo & Co increased their price objective on Valero Energy from $107.00 to $108.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Five equities research 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 an average target price of $103.56.
Shares of Valero Energy stock opened at $85.16 on Thursday. The stock has a market capitalization of $35.25 billion, a P/E ratio of 11.55, a PEG ratio of 2.23 and a beta of 1.48. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.42. The stock has a 50 day moving average price of $80.50 and a two-hundred day moving average price of $81.96. Valero Energy Co. has a 12-month low of $68.81 and a 12-month high of $116.15.
Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, topping 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 return on equity of 11.31% and a net margin of 2.27%. The company’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.15 earnings per share. Sell-side analysts anticipate that Valero Energy Co. will post 4.67 earnings per share for the current year.
About Valero Energy
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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