Valero Energy Co. (NYSE:VLO) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in Valero Energy Co. (NYSE:VLO) by 1.8% in the third quarter, Holdings Channel.com reports. The fund owned 1,293,589 shares of the oil and gas company’s stock after buying an additional 22,571 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Valero Energy were worth $174,673,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EdgeRock Capital LLC acquired a new stake in Valero Energy in the second quarter valued at $27,000. Lynx Investment Advisory acquired a new position in shares of Valero Energy during the 2nd quarter worth $29,000. Pathway Financial Advisers LLC acquired a new position in shares of Valero Energy during the 1st quarter worth $33,000. Summit Securities Group LLC acquired a new position in shares of Valero Energy during the 2nd quarter worth $31,000. Finally, First Foundation Advisors acquired a new position in shares of Valero Energy during the 1st quarter worth $37,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VLO. Wolfe Research began coverage on Valero Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $177.00 price target for the company. StockNews.com downgraded Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Wells Fargo & Company raised Valero Energy from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $172.00 to $165.00 in a research note on Wednesday, October 9th. BMO Capital Markets cut their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Finally, Scotiabank dropped their price objective on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $158.60.

Valero Energy Trading Up 0.3 %

VLO traded up $0.39 during midday trading on Friday, hitting $137.04. The company’s stock had a trading volume of 2,083,541 shares, compared to its average volume of 3,171,876. 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 $43.90 billion, a P/E ratio of 7.83, a PEG ratio of 3.53 and a beta of 1.39. The firm has a 50-day moving average price of $139.77 and a two-hundred day moving average price of $151.58. Valero Energy Co. has a 52-week low of $119.88 and a 52-week high of $184.79.

Valero Energy (NYSE:VLO) last posted 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. The company had revenue of $34.49 billion during the quarter, compared to analysts’ expectations of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.40 EPS. On average, research analysts anticipate that Valero Energy Co. will post 9.6 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.