Nisa Investment Advisors LLC Has $18.41 Million Stake in Valero Energy Corporation $VLO

Nisa Investment Advisors LLC decreased its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 0.5% in the 2nd quarter, Holdings Channel reports. The fund owned 136,935 shares of the oil and gas company’s stock after selling 678 shares during the period. Nisa Investment Advisors LLC’s holdings in Valero Energy were worth $18,407,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of VLO. Price T Rowe Associates Inc. MD raised its stake in Valero Energy by 276.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock worth $1,425,754,000 after acquiring an additional 7,931,018 shares in the last quarter. Vanguard Group Inc. raised its stake in Valero Energy by 12.0% during the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock worth $5,135,043,000 after acquiring an additional 4,155,522 shares in the last quarter. Nuveen LLC acquired a new position in Valero Energy during the first quarter worth about $529,864,000. Invesco Ltd. raised its stake in Valero Energy by 34.1% during the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock worth $647,823,000 after acquiring an additional 1,247,196 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Valero Energy by 6.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock worth $1,510,586,000 after acquiring an additional 736,533 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

Shares of VLO stock opened at $170.92 on Monday. The company has a market cap of $53.10 billion, a price-to-earnings ratio of 35.68, a price-to-earnings-growth ratio of 1.92 and a beta of 1.05. Valero Energy Corporation has a 52 week low of $99.00 and a 52 week high of $178.43. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $158.99 and a 200-day moving average of $141.05.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.15 by $0.51. The company had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS. On average, equities analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on VLO shares. Wolfe Research downgraded Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Wells Fargo & Company began coverage on shares of Valero Energy in a report on Friday, October 17th. They issued an “overweight” rating and a $216.00 price objective for the company. Raymond James Financial reiterated a “strong-buy” rating and issued a $195.00 price objective (up previously from $181.00) on shares of Valero Energy in a report on Friday. TD Cowen raised their price objective on shares of Valero Energy from $162.00 to $165.00 and gave the company a “hold” rating in a report on Friday. Finally, Piper Sandler raised their price objective on shares of Valero Energy from $200.00 to $201.00 and gave the company an “overweight” rating in a report on Friday. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $179.27.

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.