Raymond James & Associates Buys 49,884 Shares of Valero Energy Co. (NYSE:VLO)

Raymond James & Associates lifted its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 813,274 shares of the oil and gas company's stock after acquiring an additional 49,884 shares during the quarter. Raymond James & Associates owned about 0.25% of Valero Energy worth $109,816,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. RFG Advisory LLC lifted its position in shares of Valero Energy by 99.1% during the 1st quarter. RFG Advisory LLC now owns 4,533 shares of the oil and gas company's stock worth $774,000 after buying an additional 2,256 shares during the period. Ballentine Partners LLC acquired a new position in shares of Valero Energy in the 1st quarter worth approximately $357,000. Range Financial Group LLC bought a new stake in Valero Energy during the 1st quarter worth approximately $229,000. Global Assets Advisory LLC bought a new position in Valero Energy in the 1st quarter valued at $9,017,000. Finally, Strategic Planning Group LLC boosted its stake in Valero Energy by 14.8% in the first quarter. Strategic Planning Group LLC now owns 4,579 shares of the oil and gas company's stock worth $782,000 after purchasing an additional 590 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Trading Down 1.1 %

Shares of Valero Energy stock traded down $1.53 on Monday, reaching $135.51. 2,341,257 shares of the company's stock were exchanged, compared to its average volume of 2,989,010. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. Valero Energy Co. has a 52 week low of $119.88 and a 52 week high of $184.79. The firm's 50-day moving average is $139.45 and its two-hundred day moving average is $151.06. The company has a market capitalization of $43.41 billion, a P/E ratio of 7.74, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39.

Valero Energy (NYSE:VLO - Get Free Report) last issued its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.60 by $0.11. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The company had revenue of $34.49 billion for the quarter, compared to analysts' expectations of $32.97 billion. During the same period last year, the business earned $5.40 EPS. Valero Energy's quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts predict that Valero Energy Co. will post 9.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VLO has been the subject of several research reports. Piper Sandler cut Valero Energy from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $169.00 to $123.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. reduced 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. StockNews.com lowered Valero Energy from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th. Mizuho decreased their price target 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 report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Valero Energy currently has a consensus rating of "Moderate Buy" and an average price target of $158.60.

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.