Stanley Laman Group Ltd. Acquires 613 Shares of Valero Energy Co. (NYSE:VLO)

Stanley Laman Group Ltd. boosted its holdings in shares of Valero Energy Co. (NYSE:VLO) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,887 shares of the oil and gas company’s stock after purchasing an additional 613 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Valero Energy were worth $3,766,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. EdgeRock Capital LLC bought a new stake in shares of Valero Energy in the second quarter valued at approximately $27,000. Lynx Investment Advisory acquired a new stake in shares of Valero Energy during the 2nd quarter worth approximately $29,000. Summit Securities Group LLC bought a new stake in shares of Valero Energy during the second quarter valued at approximately $31,000. Pathway Financial Advisers LLC acquired a new position in shares of Valero Energy in the first quarter valued at $33,000. Finally, Compagnie Lombard Odier SCmA bought a new position in Valero Energy in the third quarter worth $34,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VLO. StockNews.com cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Bank of America began coverage on shares of Valero Energy in a research report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price target for the company. JPMorgan Chase & Co. dropped their target price on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Barclays reduced their price target on shares of Valero Energy from $165.00 to $146.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Finally, Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $169.00 to $123.00 in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $158.60.

Valero Energy Trading Up 0.2 %

VLO stock opened at $135.71 on Wednesday. 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 twelve month low of $119.88 and a twelve month high of $184.79. The company has a market cap of $43.48 billion, a P/E ratio of 7.75, a PEG ratio of 3.53 and a beta of 1.39. The business has a fifty day moving average of $139.21 and a 200-day moving average of $150.73.

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 for the quarter, topping the consensus estimate of $2.60 by $0.11. The firm 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 company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $5.40 EPS. As a group, equities research analysts expect that Valero Energy Co. will post 9.6 EPS for the current 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.