GoalVest Advisory LLC Acquires 301 Shares of Valero Energy Corporation $VLO

GoalVest Advisory LLC increased its holdings in Valero Energy Corporation (NYSE:VLO) by 3.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,159 shares of the oil and gas company’s stock after acquiring an additional 301 shares during the period. GoalVest Advisory LLC’s holdings in Valero Energy were worth $1,231,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. First Command Advisory Services Inc. grew its holdings in shares of Valero Energy by 49.7% in the second quarter. First Command Advisory Services Inc. now owns 654 shares of the oil and gas company’s stock valued at $88,000 after acquiring an additional 217 shares in the last quarter. Signature Wealth Management Group bought a new position in shares of Valero Energy in the second quarter valued at approximately $3,117,000. Wealthfront Advisers LLC grew its holdings in shares of Valero Energy by 9.7% in the second quarter. Wealthfront Advisers LLC now owns 83,801 shares of the oil and gas company’s stock valued at $11,265,000 after acquiring an additional 7,432 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Valero Energy by 2.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 9,814 shares of the oil and gas company’s stock valued at $1,319,000 after purchasing an additional 257 shares during the period. Finally, Brighton Jones LLC grew its holdings in Valero Energy by 92.9% during the second quarter. Brighton Jones LLC now owns 5,346 shares of the oil and gas company’s stock valued at $719,000 after purchasing an additional 2,575 shares during the period. 78.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VLO has been the subject of several research reports. Wells Fargo & Company initiated coverage on Valero Energy in a report on Friday, October 17th. They set an “overweight” rating and a $216.00 price objective for the company. Piper Sandler increased their price objective on Valero Energy from $200.00 to $201.00 and gave the company an “overweight” rating in a report on Friday. Wall Street Zen raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday. Citigroup lowered Valero Energy from a “buy” rating to a “neutral” rating and increased their price objective for the company from $134.00 to $150.00 in a report on Wednesday, July 16th. Finally, Mizuho increased their price objective on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $179.27.

Valero Energy Trading Down 1.3%

NYSE:VLO opened at $170.92 on Monday. The company has a market cap of $53.10 billion, a P/E ratio of 35.68, a P/E/G ratio of 1.92 and a beta of 1.05. The stock’s fifty day moving average price is $158.99 and its two-hundred day moving average price is $141.05. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $178.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09.

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

Valero Energy 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.