Valero Energy Corporation $VLO Shares Newly Purchased by Range Financial Group LLC

Range Financial Group LLC acquired a new stake in Valero Energy Corporation (NYSE:VLO) in the 3rd quarter, Holdings Channel reports. The firm acquired 3,538 shares of the oil and gas company’s stock, valued at approximately $1,371,000.

A number of other institutional investors and hedge funds have also made changes to their positions in VLO. Bank of America Corp DE raised its holdings in Valero Energy by 11.4% in the first quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock valued at $1,243,630,000 after acquiring an additional 516,975 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Valero Energy by 9.4% during the 1st quarter. Bank of New York Mellon Corp now owns 2,969,320 shares of the oil and gas company’s stock worth $733,660,000 after purchasing an additional 254,604 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Valero Energy by 18.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,842,339 shares of the oil and gas company’s stock worth $702,285,000 after purchasing an additional 442,177 shares in the last quarter. Amundi increased its holdings in Valero Energy by 45.3% in the first quarter. Amundi now owns 2,584,976 shares of the oil and gas company’s stock valued at $638,695,000 after buying an additional 806,018 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Valero Energy by 33.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,058,341 shares of the oil and gas company’s stock valued at $536,074,000 after buying an additional 520,642 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Trading Up 0.1%

Shares of VLO stock opened at $433.85 on Wednesday. The company has a market capitalization of $124.92 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 0.28 and a beta of 0.59. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $387.70 and its two-hundred day moving average is $306.74. Valero Energy Corporation has a twelve month low of $156.26 and a twelve month high of $461.52.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $39.47 billion. During the same quarter in the prior year, the business earned $2.28 earnings per share. The company’s quarterly revenue was up 48.8% compared to the same quarter last year. Equities analysts forecast that Valero Energy Corporation will post 51.77 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VLO. Citigroup raised their target price on Valero Energy from $302.00 to $485.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 13th. Erste Group Bank downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 27th. Wells Fargo & Company increased their price target on shares of Valero Energy from $389.00 to $485.00 and gave the company an “overweight” rating in a research note on Wednesday, October 14th. Morgan Stanley raised their price objective on shares of Valero Energy from $255.00 to $411.00 and gave the stock an “equal weight” rating in a report on Monday, September 14th. Finally, Jefferies Financial Group reduced their price objective on shares of Valero Energy from $401.00 to $394.00 and set a “hold” rating for the company in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $382.62.

Valero Energy News Summary

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 Company 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.