Valero Energy Co. (NYSE:VLO) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Valero Energy Co. (NYSE:VLO) by 6.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 240,098 shares of the oil and gas company’s stock after purchasing an additional 13,812 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Valero Energy were worth $32,646,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VLO. International Private Wealth Advisors LLC grew its stake in shares of Valero Energy by 3.4% in the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after buying an additional 65 shares in the last quarter. OmniStar Financial Group Inc. increased its stake in Valero Energy by 1.6% during the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after purchasing an additional 70 shares during the period. Everhart Financial Group Inc. lifted its position in shares of Valero Energy by 5.5% during the second quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock worth $214,000 after purchasing an additional 71 shares in the last quarter. St. Johns Investment Management Company LLC boosted its stake in shares of Valero Energy by 1.4% in the second quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock valued at $794,000 after purchasing an additional 72 shares during the period. Finally, Magnus Financial Group LLC grew its holdings in shares of Valero Energy by 4.3% in the second quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock valued at $275,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on VLO. Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $169.00 to $123.00 in a report on Friday, September 20th. StockNews.com cut Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Mizuho lowered their target price on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. TD Cowen reduced their price target on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday. Finally, The Goldman Sachs Group lowered their price objective on Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $154.53.

Valero Energy Trading Up 0.8 %

Shares of Valero Energy stock opened at $132.40 on Friday. The company has a fifty day simple moving average of $138.55 and a 200-day simple moving average of $150.47. Valero Energy Co. has a 12-month low of $119.88 and a 12-month high of $184.79. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34. The stock has a market cap of $42.42 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 3.53 and a beta of 1.39.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.16. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The company had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. During the same quarter last year, the company posted $7.49 earnings per share. The business’s quarterly revenue was down 14.4% compared to the same quarter last year. On average, equities analysts forecast that Valero Energy Co. will post 9.6 EPS for the current fiscal 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.