Inscription Capital LLC Purchases 1,046 Shares of Valero Energy Co. (NYSE:VLO)

Inscription Capital LLC increased its position in Valero Energy Co. (NYSE:VLO) by 6.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,613 shares of the oil and gas company’s stock after purchasing an additional 1,046 shares during the quarter. Inscription Capital LLC’s holdings in Valero Energy were worth $2,378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. EdgeRock Capital LLC purchased a new stake in Valero Energy during the second quarter worth $27,000. Lynx Investment Advisory purchased a new stake in Valero Energy during the second quarter worth $29,000. Summit Securities Group LLC purchased a new stake in Valero Energy during the second quarter worth $31,000. Pathway Financial Advisers LLC purchased a new stake in Valero Energy during the first quarter worth $33,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in Valero Energy during the third quarter worth $34,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on VLO shares. TD Cowen lowered their target price on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday. Citigroup lowered their target price on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a report on Friday. Piper Sandler lowered Valero Energy from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $169.00 to $123.00 in a report on Friday, September 20th. Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $172.00 to $165.00 in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group decreased their price objective on Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, five have issued 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, Valero Energy has an average rating of “Moderate Buy” and an average price target of $154.53.

Valero Energy Stock Performance

VLO stock traded down $1.23 during midday trading on Monday, reaching $131.17. The stock had a trading volume of 279,120 shares, compared to its average volume of 2,972,635. The stock has a market cap of $42.02 billion, a PE ratio of 11.87, a P/E/G ratio of 3.45 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. The firm has a fifty day simple moving average of $138.20 and a two-hundred day simple moving average of $149.77. Valero Energy Co. has a 52-week low of $119.88 and a 52-week high of $184.79.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The company had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a return on equity of 13.01% and a net margin of 2.74%. The firm’s quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter last year, the business posted $7.49 EPS. As a group, equities research analysts anticipate that Valero Energy Co. will post 9.6 EPS 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.