Raymond James & Associates Has $109.82 Million Position in Valero Energy Co. (NYSE:VLO)

Raymond James & Associates boosted its position in Valero Energy Co. (NYSE:VLO) by 6.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 813,274 shares of the oil and gas company’s stock after purchasing an additional 49,884 shares during the quarter. Raymond James & Associates owned about 0.25% of Valero Energy worth $109,816,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC acquired a new position in shares of Valero Energy in the second quarter valued at about $15,945,000. 180 Wealth Advisors LLC acquired a new position in shares of Valero Energy during the 2nd quarter worth approximately $535,000. UniSuper Management Pty Ltd increased its holdings in shares of Valero Energy by 223.1% during the first quarter. UniSuper Management Pty Ltd now owns 10,796 shares of the oil and gas company’s stock worth $1,843,000 after purchasing an additional 7,455 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of Valero Energy by 23.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 42,716 shares of the oil and gas company’s stock valued at $6,696,000 after buying an additional 8,198 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Valero Energy by 54.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 18,717 shares of the oil and gas company’s stock valued at $3,195,000 after buying an additional 6,593 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their target price on Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. The Goldman Sachs Group cut their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research report on Monday, September 16th. Barclays reduced their price objective on shares of Valero Energy from $165.00 to $146.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Wells Fargo & Company upgraded shares of Valero Energy from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $172.00 to $165.00 in a research report on Wednesday, October 9th. Finally, Scotiabank reduced their price target on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $158.60.

Valero Energy Stock Performance

Shares of VLO stock opened at $137.04 on Monday. The firm has a market capitalization of $43.90 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 3.53 and a beta of 1.39. 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 business’s 50-day moving average price is $139.77 and its 200-day moving average price is $151.38. Valero Energy Co. has a 12 month low of $119.88 and a 12 month high of $184.79.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.60 by $0.11. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The business had revenue of $34.49 billion for the quarter, compared to the consensus estimate of $32.97 billion. During the same period last year, the company earned $5.40 EPS. The firm’s revenue was down .1% compared to the same quarter last year. Equities research analysts forecast that Valero Energy Co. will post 9.6 EPS for the current 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.