Capital Investment Advisors LLC Has $11.02 Million Holdings in Valero Energy Co. (NYSE:VLO)

Capital Investment Advisors LLC raised its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 136.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,572 shares of the oil and gas company's stock after purchasing an additional 47,016 shares during the quarter. Capital Investment Advisors LLC's holdings in Valero Energy were worth $11,015,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in VLO. Acadian Asset Management LLC boosted its holdings in Valero Energy by 37.6% during the first quarter. Acadian Asset Management LLC now owns 1,558,750 shares of the oil and gas company's stock valued at $266,040,000 after purchasing an additional 426,093 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Valero Energy by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company's stock valued at $677,007,000 after acquiring an additional 237,347 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Valero Energy by 17.6% in the second 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 acquiring an additional 232,494 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Valero Energy in the first quarter valued at approximately $39,517,000. Finally, Hsbc Holdings PLC raised its stake in shares of Valero Energy by 20.5% in the second quarter. Hsbc Holdings PLC now owns 1,145,117 shares of the oil and gas company's stock valued at $179,490,000 after acquiring an additional 194,974 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VLO shares. JPMorgan Chase & Co. cut their target price on shares of Valero Energy from $172.00 to $151.00 and set an "overweight" rating for the company in a research note on Wednesday, October 2nd. Wolfe Research started coverage on shares of Valero Energy in a research note on Thursday, July 18th. They issued an "outperform" rating and a $177.00 target price for the company. The Goldman Sachs Group cut their target price on shares of Valero Energy from $149.00 to $131.00 and set a "sell" rating for the company in a research note on Monday, September 16th. Piper Sandler cut shares of Valero Energy from an "overweight" rating to a "neutral" rating and cut their target price for the company from $169.00 to $123.00 in a research note on Friday, September 20th. Finally, Wells Fargo & Company upgraded shares of Valero Energy from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $172.00 to $165.00 in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $158.60.

Valero Energy Trading Up 0.3 %

Shares of Valero Energy stock traded up $0.39 on Friday, hitting $137.04. 2,083,541 shares of the company's stock traded hands, compared to its average volume of 2,992,261. The firm's 50-day moving average price is $139.77 and its two-hundred day moving average price is $151.58. The stock has a market capitalization of $44.81 billion, a PE ratio of 6.79, a price-to-earnings-growth ratio of 3.75 and a beta of 1.39. Valero Energy Co. has a one year low of $119.88 and a one 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.

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