Centaurus Financial Inc. increased its stake in Valero Energy Co. (NYSE:VLO) by 49.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,420 shares of the oil and gas company’s stock after acquiring an additional 804 shares during the period. Centaurus Financial Inc.’s holdings in Valero Energy were worth $268,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Financial Partners Inc. raised its holdings in Valero Energy by 0.7% in the 2nd quarter. Pinnacle Financial Partners Inc. now owns 59,162 shares of the oil and gas company’s stock worth $6,557,000 after purchasing an additional 434 shares during the period. Mariner LLC raised its holdings in Valero Energy by 0.9% in the 1st quarter. Mariner LLC now owns 47,978 shares of the oil and gas company’s stock worth $4,451,000 after purchasing an additional 435 shares during the period. Allen Capital Group LLC raised its holdings in Valero Energy by 5.1% in the 2nd quarter. Allen Capital Group LLC now owns 9,051 shares of the oil and gas company’s stock worth $1,003,000 after purchasing an additional 436 shares during the period. Sigma Planning Corp raised its holdings in Valero Energy by 4.7% in the 2nd quarter. Sigma Planning Corp now owns 10,106 shares of the oil and gas company’s stock worth $1,120,000 after purchasing an additional 457 shares during the period. Finally, United Capital Financial Advisers LLC raised its holdings in Valero Energy by 2.3% in the 1st quarter. United Capital Financial Advisers LLC now owns 20,326 shares of the oil and gas company’s stock worth $1,886,000 after purchasing an additional 458 shares during the period. 78.37% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on VLO shares. ValuEngine lowered Valero Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Morgan Stanley set a $145.00 price target on Valero Energy and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. increased their price target on Valero Energy from $128.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. Mizuho started coverage on Valero Energy in a research note on Wednesday, August 1st. They issued a “neutral” rating and a $125.00 price target for the company. Finally, Tudor Pickering lowered Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday. Fourteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Valero Energy has an average rating of “Hold” and a consensus price target of $116.29.
Shares of Valero Energy stock traded up $1.36 during trading on Friday, reaching $108.25. 3,344,002 shares of the stock traded hands, compared to its average volume of 3,285,053. The firm has a market cap of $48.62 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 1.96 and a beta of 1.03. The company has a quick ratio of 1.10, a current ratio of 1.67 and a debt-to-equity ratio of 0.39. Valero Energy Co. has a 52-week low of $75.84 and a 52-week high of $126.98.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.17. The firm had revenue of $31.02 billion during the quarter, compared to analyst estimates of $26.56 billion. Valero Energy had a return on equity of 12.06% and a net margin of 4.21%. The business’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 earnings per share. On average, equities analysts expect that Valero Energy Co. will post 6.44 EPS for the current fiscal year.
Valero Energy Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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