Mitchell & Pahl Private Wealth LLC Buys 424 Shares of Valero Energy Co. (NYSE:VLO)

Mitchell & Pahl Private Wealth LLC lifted its stake in shares of Valero Energy Co. (NYSE:VLO) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,137 shares of the oil and gas company’s stock after acquiring an additional 424 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Valero Energy were worth $1,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EdgeRock Capital LLC acquired a new stake in shares of Valero Energy in the 2nd quarter valued at about $27,000. Lynx Investment Advisory bought a new stake in Valero Energy in the 2nd quarter valued at approximately $29,000. Summit Securities Group LLC acquired a new position in Valero Energy during the 2nd quarter worth approximately $31,000. Rise Advisors LLC bought a new position in shares of Valero Energy during the 1st quarter worth approximately $33,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Valero Energy in the first quarter worth $33,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on VLO. Scotiabank cut their price target on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. BMO Capital Markets reduced their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Wells Fargo & Company raised Valero Energy from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $172.00 to $165.00 in a research report on Wednesday, October 9th. Mizuho cut their price objective on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus price target of $158.60.

Valero Energy Stock Performance

Shares of NYSE:VLO traded up $0.25 during trading on Thursday, reaching $135.77. 629,500 shares of the stock were exchanged, compared to its average volume of 2,988,385. Valero Energy Co. has a 12 month low of $119.88 and a 12 month high of $184.79. The stock has a 50-day moving average price of $140.35 and a 200-day moving average price of $152.12. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34. The firm has a market cap of $43.50 billion, a PE ratio of 7.78, a PEG ratio of 3.75 and a beta of 1.39.

Valero Energy (NYSE:VLO) last released its quarterly earnings results 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. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The business had revenue of $34.49 billion during the quarter, compared to the consensus estimate of $32.97 billion. During the same period in the previous year, the company posted $5.40 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Research analysts expect that Valero Energy Co. will post 9.41 EPS for the current fiscal year.

Valero Energy 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.