B.O.S.S. Retirement Advisors LLC Raises Holdings in Valero Energy Co. (NYSE:VLO)

B.O.S.S. Retirement Advisors LLC increased its position in Valero Energy Co. (NYSE:VLO) by 9.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,421 shares of the oil and gas company’s stock after buying an additional 842 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Valero Energy were worth $1,272,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VLO. Mizuho cut their target price on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. BMO Capital Markets reduced their target price on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Wells Fargo & Company upgraded shares of Valero Energy from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $172.00 to $165.00 in a report on Wednesday, October 9th. StockNews.com downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $169.00 to $123.00 in a research note on Friday, September 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Valero Energy has an average rating of “Moderate Buy” and a consensus price target of $162.60.

Valero Energy Trading Up 0.7 %

VLO opened at $135.53 on Thursday. Valero Energy Co. has a 52 week low of $119.88 and a 52 week high of $184.79. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $140.35 and its two-hundred day moving average is $152.12. The company has a market capitalization of $43.42 billion, a P/E ratio of 7.74, a PEG ratio of 3.75 and a beta of 1.39.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $32.97 billion. During the same quarter last year, the firm posted $5.40 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. Analysts forecast that Valero Energy Co. will post 9.41 earnings per share for the current year.

Valero Energy Company 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.