Oakbrook Investments LLC bought a new stake in shares of Valero Energy Co. (NYSE:VLO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,485 shares of the oil and gas company’s stock, valued at approximately $1,875,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pinnacle Financial Partners Inc. boosted its holdings in shares of Valero Energy by 0.7% in the second quarter. Pinnacle Financial Partners Inc. now owns 59,162 shares of the oil and gas company’s stock valued at $6,557,000 after purchasing an additional 434 shares during the period. Allen Capital Group LLC boosted its holdings in shares of Valero Energy by 5.1% in the second quarter. Allen Capital Group LLC now owns 9,051 shares of the oil and gas company’s stock valued at $1,003,000 after purchasing an additional 436 shares during the period. Sigma Planning Corp boosted its holdings in shares of Valero Energy by 4.7% in the second quarter. Sigma Planning Corp now owns 10,106 shares of the oil and gas company’s stock valued at $1,120,000 after purchasing an additional 457 shares during the period. United Capital Financial Advisers LLC boosted its holdings in shares of Valero Energy by 2.3% in the first quarter. United Capital Financial Advisers LLC now owns 20,326 shares of the oil and gas company’s stock valued at $1,886,000 after purchasing an additional 458 shares during the period. Finally, ACG Wealth boosted its holdings in shares of Valero Energy by 13.3% in the second quarter. ACG Wealth now owns 4,076 shares of the oil and gas company’s stock valued at $452,000 after purchasing an additional 477 shares during the period. 78.31% of the stock is currently owned by hedge funds and other institutional investors.

VLO stock opened at $92.76 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.67. Valero Energy Co. has a 52-week low of $75.84 and a 52-week high of $126.98. The stock has a market cap of $44.34 billion, a PE ratio of 18.70, a PEG ratio of 1.78 and a beta of 1.03.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.17. Valero Energy had a net margin of 4.21% and a return on equity of 12.06%. The business had revenue of $31.02 billion for the quarter, compared to analyst estimates of $26.56 billion. During the same period in the prior year, the company posted $1.23 EPS. The company’s revenue for the quarter was up 39.4% on a year-over-year basis. Sell-side analysts forecast that Valero Energy Co. will post 6.48 earnings per share for the current fiscal year.

In other news, Director Stephen M. Waters sold 1,000 shares of the stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $116.76, for a total transaction of $116,760.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

A number of analysts recently issued reports on the company. Goldman Sachs Group lowered Valero Energy from a “neutral” rating to a “sell” rating in a report on Friday. Citigroup lowered their price target on Valero Energy from $134.00 to $132.00 and set a “buy” rating for the company in a report on Tuesday. ValuEngine lowered Valero Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. JPMorgan Chase & Co. boosted their price target on Valero Energy from $128.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, July 27th. Finally, Morgan Stanley set a $145.00 price target on Valero Energy and gave the company a “buy” rating in a report on Friday, October 12th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $116.18.

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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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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