Stanley Laman Group Ltd. Buys 613 Shares of Valero Energy Co. (NYSE:VLO)

Stanley Laman Group Ltd. boosted its stake in Valero Energy Co. (NYSE:VLO) by 2.2% in the third quarter, HoldingsChannel reports. The firm owned 27,887 shares of the oil and gas company’s stock after acquiring an additional 613 shares during the period. Stanley Laman Group Ltd.’s holdings in Valero Energy were worth $3,766,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. International Private Wealth Advisors LLC increased its stake in shares of Valero Energy by 3.4% in the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after acquiring an additional 65 shares during the last quarter. OmniStar Financial Group Inc. grew its holdings 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 valued at $712,000 after purchasing an additional 70 shares during the period. Everhart Financial Group Inc. increased its stake in Valero Energy by 5.5% in the second quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $214,000 after purchasing an additional 71 shares in the last quarter. St. Johns Investment Management Company LLC raised its holdings in 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 worth $794,000 after purchasing an additional 72 shares during the period. Finally, Magnus Financial Group LLC boosted its position in shares of Valero Energy by 4.3% during the second quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock worth $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.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Piper Sandler cut shares of Valero Energy from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $169.00 to $123.00 in a research report on Friday, September 20th. Mizuho lowered their price target on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Scotiabank cut their price objective on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Barclays lowered their target price on Valero Energy from $165.00 to $146.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Finally, Bank of America started coverage on shares of Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $158.60.

Valero Energy Stock Up 0.2 %

Shares of VLO stock opened at $135.71 on Wednesday. The firm’s fifty day moving average price is $139.21 and its two-hundred day moving average price is $150.73. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34. Valero Energy Co. has a 1 year low of $119.88 and a 1 year high of $184.79. The firm has a market capitalization of $43.48 billion, a P/E ratio of 7.75, a PEG ratio of 3.53 and a beta of 1.39.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.11. The business had revenue of $34.49 billion for the quarter, compared to analyst estimates of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. Valero Energy’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.40 earnings per share. On average, equities analysts predict that Valero Energy Co. will post 9.6 EPS for the current fiscal year.

Valero Energy Company 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.