St. Johns Investment Management Company LLC Acquires 345 Shares of Valero Energy Co. (NYSE:VLO)

St. Johns Investment Management Company LLC raised its stake in shares of Valero Energy Co. (NYSE:VLO) by 6.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,413 shares of the oil and gas company’s stock after buying an additional 345 shares during the period. St. Johns Investment Management Company LLC’s holdings in Valero Energy were worth $731,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EdgeRock Capital LLC bought a new stake in shares of Valero Energy during the 2nd quarter worth $27,000. Lynx Investment Advisory bought a new position in shares of Valero Energy during the 2nd quarter worth about $29,000. Pathway Financial Advisers LLC acquired a new position in shares of Valero Energy during the first quarter valued at about $33,000. Summit Securities Group LLC acquired a new stake in Valero Energy during the second quarter worth about $31,000. Finally, First Foundation Advisors bought a new position in Valero Energy during the first quarter valued at about $37,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Up 0.8 %

Shares of Valero Energy stock opened at $132.40 on Friday. Valero Energy Co. has a 1 year low of $119.88 and a 1 year high of $184.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. The company has a market capitalization of $42.42 billion, a P/E ratio of 7.57, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The business has a 50-day moving average of $138.55 and a two-hundred day moving average of $150.47.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The firm had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. During the same quarter in the previous year, the firm posted $7.49 earnings per share. The business’s revenue was down 14.4% on a year-over-year basis. As a group, equities analysts predict that Valero Energy Co. will post 9.6 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VLO shares. Wells Fargo & Company raised Valero Energy from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $172.00 to $165.00 in a report on Wednesday, October 9th. Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $169.00 to $123.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. reduced their price objective on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Mizuho lowered their target price on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Finally, Barclays decreased their price target on Valero Energy from $165.00 to $146.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. One 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $154.53.

About Valero Energy

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.