Ieq Capital LLC Acquires 4,213 Shares of Valero Energy Co. (NYSE:VLO)

Ieq Capital LLC boosted its holdings in Valero Energy Co. (NYSE:VLO – Get Rating) by 66.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,546 shares of the oil and gas company’s stock after acquiring an additional 4,213 shares during the quarter. Ieq Capital LLC’s holdings in Valero Energy were worth $1,127,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Key Financial Inc lifted its holdings in shares of Valero Energy by 81.7% during the 2nd quarter. Key Financial Inc now owns 258 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 116 shares during the period. HighMark Wealth Management LLC lifted its holdings in shares of Valero Energy by 60.6% during the 3rd quarter. HighMark Wealth Management LLC now owns 265 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 100 shares during the period. IAG Wealth Partners LLC bought a new position in shares of Valero Energy during the 3rd quarter valued at $31,000. Ronald Blue Trust Inc. lifted its holdings in shares of Valero Energy by 56.3% during the 3rd quarter. Ronald Blue Trust Inc. now owns 322 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 116 shares during the period. Finally, WASHINGTON TRUST Co lifted its holdings in shares of Valero Energy by 89.5% during the 2nd quarter. WASHINGTON TRUST Co now owns 396 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 187 shares during the period. 79.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Raymond James increased their price target on Valero Energy from $152.00 to $169.00 and gave the company a “strong-buy” rating in a report on Friday, January 13th. Barclays raised their target price on Valero Energy from $134.00 to $138.00 and gave the stock an “overweight” rating in a report on Wednesday, October 26th. Mizuho reaffirmed a “buy” rating and issued a $157.00 target price (up from $150.00) on shares of Valero Energy in a report on Tuesday, January 10th. BMO Capital Markets raised Valero Energy from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $135.00 to $160.00 in a report on Tuesday, January 17th. Finally, Piper Sandler decreased their target price on Valero Energy from $177.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, December 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $142.80.

Insider Activity

In other news, CEO Joseph W. Gorder sold 37,567 shares of the firm’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $127.00, for a total transaction of $4,771,009.00. Following the completion of the transaction, the chief executive officer now owns 569,786 shares in the company, valued at $72,362,822. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Gary K. Simmons sold 1,750 shares of Valero Energy stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $135.16, for a total value of $236,530.00. Following the completion of the transaction, the executive vice president now owns 165,299 shares in the company, valued at $22,341,812.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Joseph W. Gorder sold 37,567 shares of Valero Energy stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $127.00, for a total value of $4,771,009.00. Following the completion of the transaction, the chief executive officer now owns 569,786 shares of the company’s stock, valued at approximately $72,362,822. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.

Valero Energy Trading Up 1.4 %

Shares of VLO stock opened at $145.03 on Wednesday. Valero Energy Co. has a 52-week low of $76.60 and a 52-week high of $160.16. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.93 and a current ratio of 1.32. The firm has a market capitalization of $55.91 billion, a PE ratio of 6.19, a PEG ratio of 1.12 and a beta of 1.63. The stock has a fifty day simple moving average of $129.26 and a two-hundred day simple moving average of $120.18.

Valero Energy (NYSE:VLO – Get Rating) last issued its quarterly earnings results on Tuesday, October 25th. The oil and gas company reported $7.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.00 by $0.14. The business had revenue of $44.45 billion during the quarter, compared to analyst estimates of $41.16 billion. Valero Energy had a return on equity of 43.20% and a net margin of 5.53%. Valero Energy’s revenue for the quarter was up 50.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.22 EPS. On average, analysts predict that Valero Energy Co. will post 28.24 EPS for the current fiscal year.

About Valero Energy

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Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. It operates through the following business segments: Refining, Ethanol and Renewable Diesel. The Refining segment consists of refining operations, associated marketing activities, and logistics assets that support its refining operations.