Mirae Asset Global Investments Co. Ltd. Has $32.65 Million Position in Valero Energy Co. (NYSE:VLO)

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 6.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 240,098 shares of the oil and gas company's stock after acquiring an additional 13,812 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of Valero Energy worth $32,646,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of VLO. Wealthcare Advisory Partners LLC grew its stake in Valero Energy by 18.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 4,745 shares of the oil and gas company's stock worth $810,000 after purchasing an additional 737 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Valero Energy by 31.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 106,046 shares of the oil and gas company's stock valued at $18,101,000 after acquiring an additional 25,219 shares during the period. Kathmere Capital Management LLC boosted its stake in Valero Energy by 21.1% in the first quarter. Kathmere Capital Management LLC now owns 2,782 shares of the oil and gas company's stock valued at $475,000 after acquiring an additional 484 shares during the period. Independence Bank of Kentucky boosted its stake in Valero Energy by 91.9% in the first quarter. Independence Bank of Kentucky now owns 2,838 shares of the oil and gas company's stock valued at $484,000 after acquiring an additional 1,359 shares during the period. Finally, Occidental Asset Management LLC acquired a new position in Valero Energy in the first quarter valued at approximately $202,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Up 0.8 %

Shares of Valero Energy stock traded up $1.04 on Friday, hitting $132.40. 2,147,818 shares of the company traded hands, compared to its average volume of 2,985,784. The company has a 50-day moving average price of $138.20 and a 200 day moving average price of $150.13. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. Valero Energy Co. has a 12-month low of $119.88 and a 12-month high of $184.79. The company has a market cap of $42.42 billion, a PE ratio of 7.57, a PEG ratio of 3.53 and a beta of 1.39.

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

Analysts Set New Price Targets

VLO has been the subject of a number of research reports. Scotiabank decreased their target price on Valero Energy from $173.00 to $141.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. Wolfe Research started coverage on Valero Energy in a report on Thursday, July 18th. They set an "outperform" rating and a $177.00 price target on the stock. The Goldman Sachs Group cut their price target on Valero Energy from $149.00 to $131.00 and set a "sell" rating on the stock in a report on Monday, September 16th. TD Cowen dropped their target price on Valero Energy from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Friday. Finally, Barclays dropped their target price on Valero Energy from $165.00 to $146.00 and set an "overweight" rating on the stock in a report on Wednesday, October 2nd. 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 issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $154.53.

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.