Good Life Advisors LLC Buys 178 Shares of Valero Energy Co. (NYSE:VLO)

Good Life Advisors LLC boosted its stake in shares of Valero Energy Co. (NYSE:VLO) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,544 shares of the oil and gas company’s stock after buying an additional 178 shares during the quarter. Good Life Advisors LLC’s holdings in Valero Energy were worth $1,019,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in VLO. Acadian Asset Management LLC grew its position in shares of Valero Energy by 37.6% during the 1st quarter. Acadian Asset Management LLC now owns 1,558,750 shares of the oil and gas company’s stock worth $266,040,000 after buying an additional 426,093 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Valero Energy by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock worth $677,007,000 after acquiring an additional 237,347 shares in the last quarter. AQR Capital Management LLC increased its position in Valero Energy by 17.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,550,010 shares of the oil and gas company’s stock valued at $238,841,000 after purchasing an additional 232,494 shares during the period. Westwood Holdings Group Inc. bought a new stake in shares of Valero Energy in the 1st quarter valued at about $39,517,000. Finally, Hsbc Holdings PLC lifted its position in shares of Valero Energy by 20.5% in the 2nd quarter. Hsbc Holdings PLC now owns 1,145,117 shares of the oil and gas company’s stock worth $179,490,000 after purchasing an additional 194,974 shares during the period. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Trading Up 0.8 %

NYSE:VLO opened at $136.65 on Friday. 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 firm has a fifty day simple moving average of $140.05 and a 200-day simple moving average of $152.01. Valero Energy Co. has a 12 month low of $119.88 and a 12 month high of $184.79. The company has a market capitalization of $43.78 billion, a P/E ratio of 7.81, a PEG ratio of 3.75 and a beta of 1.39.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.60 by $0.11. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The business had revenue of $34.49 billion for the quarter, compared to the consensus estimate of $32.97 billion. During the same quarter in the previous year, the business earned $5.40 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that Valero Energy Co. will post 9.41 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on VLO. Wolfe Research initiated coverage on shares of Valero Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $177.00 price objective on the stock. Piper Sandler downgraded Valero Energy from an “overweight” rating to a “neutral” rating and cut their price target for the company from $169.00 to $123.00 in a report on Friday, September 20th. The Goldman Sachs Group decreased their price objective on Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research note on Monday, September 16th. Barclays cut their target price 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. Finally, Mizuho decreased their price target on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, five have issued 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 an average rating of “Moderate Buy” and an average target price of $158.60.

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.