3,672 Shares in Valero Energy Corporation $VLO Purchased by QP Wealth Management LLC

QP Wealth Management LLC purchased a new position in shares of Valero Energy Corporation (NYSE:VLO) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,672 shares of the oil and gas company’s stock, valued at approximately $1,423,000. Valero Energy makes up 2.1% of QP Wealth Management LLC’s holdings, making the stock its 16th largest holding.

A number of other large investors also recently modified their holdings of VLO. Moore Capital Management LP acquired a new position in shares of Valero Energy in the second quarter worth about $13,193,000. Fort Washington Investment Advisors Inc. OH grew its stake in Valero Energy by 4.2% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 192,430 shares of the oil and gas company’s stock valued at $47,546,000 after purchasing an additional 7,702 shares in the last quarter. QRG Capital Management Inc. grew its stake in Valero Energy by 5.5% during the 2nd quarter. QRG Capital Management Inc. now owns 58,558 shares of the oil and gas company’s stock valued at $15,251,000 after purchasing an additional 3,037 shares in the last quarter. TrueMark Investments LLC acquired a new stake in Valero Energy during the 1st quarter valued at approximately $8,921,000. Finally, Jennison Associates LLC increased its holdings in Valero Energy by 377.1% during the 1st quarter. Jennison Associates LLC now owns 413,437 shares of the oil and gas company’s stock worth $102,152,000 after purchasing an additional 326,777 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on VLO shares. Raymond James Financial increased their target price on Valero Energy from $350.00 to $450.00 and gave the company a “strong-buy” rating in a research note on Monday, September 14th. Barclays lifted their price target on shares of Valero Energy from $323.00 to $441.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 6th. Mizuho lifted their price target on shares of Valero Energy from $300.00 to $434.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. TD Cowen upped their price target on shares of Valero Energy from $338.00 to $350.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Finally, Morgan Stanley increased their price objective on shares of Valero Energy from $255.00 to $411.00 and gave the company an “equal weight” rating in a research note on Monday, September 14th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $382.62.

Key Valero Energy News

Here are the key news stories impacting Valero Energy this week:

• Positive Sentiment: Investors are optimistic ahead of Valero’s third-quarter results, scheduled before the market opens on October 22. Higher refining margins are expected to support profitability and could reinforce the company’s strong earnings momentum. Valero Energy’s Q3 Earnings Approach: Higher Refining Margins Fuel Optimism
• Positive Sentiment: Valero was included in Zacks’ Rank #1, or “Strong Buy,” growth-stock list. The designation may attract additional interest, particularly as the company trades well above its longer-term moving averages and approaches its 52-week high. Best Growth Stocks to Buy for October 19th
• Positive Sentiment: A new $8 billion federal program to help farmers offset surging diesel costs highlights tight fuel markets and supply disruptions linked to Iran. Elevated diesel prices can improve refinery economics for Valero, although the longer-term effect depends on demand and the duration of the disruption. Trump announces $8B bailout for farmers to cover diesel cost surge
• Neutral Sentiment: Preview reports are focusing on estimates for Valero’s third-quarter revenue, earnings and operating metrics, making the October 22 release the key near-term catalyst. Valero previously exceeded quarterly earnings expectations, raising the bar for another beat. Insights Into Valero Energy Q3
• Negative Sentiment: DBS Bank downgraded Valero to Hold while assigning a $436 price target, indicating limited near-term upside after the stock’s substantial rally. The call could temper bullish sentiment ahead of earnings. DBS Bank Downgrades Valero Energy to Hold

Valero Energy Stock Up 0.1%

Valero Energy stock opened at $433.85 on Wednesday. The company has a 50-day simple moving average of $387.70 and a 200-day simple moving average of $306.74. The firm has a market capitalization of $124.92 billion, a P/E ratio of 18.00, a P/E/G ratio of 0.28 and a beta of 0.59. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.23 and a current ratio of 1.64. Valero Energy Corporation has a one year low of $156.26 and a one year high of $461.52.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.11 by $2.43. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%. The business had revenue of $44.48 billion during the quarter, compared to analyst estimates of $39.47 billion. During the same period in the prior year, the company posted $2.28 EPS. The business’s revenue for the quarter was up 48.8% compared to the same quarter last year. As a group, equities analysts expect that Valero Energy Corporation will post 51.77 earnings per share for the current year.

Valero Energy Profile

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.