Greenleaf Trust Acquires 582 Shares of Valero Energy Co. (NYSE:VLO)

Greenleaf Trust grew its holdings in shares of Valero Energy Co. (NYSE:VLO) by 9.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,647 shares of the oil and gas company’s stock after buying an additional 582 shares during the period. Greenleaf Trust’s holdings in Valero Energy were worth $898,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. EdgeRock Capital LLC bought a new position in shares of Valero Energy in the 2nd quarter worth $27,000. Lynx Investment Advisory bought a new position in shares of Valero Energy in the 2nd quarter worth $29,000. Summit Securities Group LLC bought a new position in shares of Valero Energy in the 2nd quarter worth $31,000. Pathway Financial Advisers LLC bought a new position in shares of Valero Energy in the 1st quarter worth $33,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Valero Energy in the 3rd quarter worth $34,000. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Down 1.2 %

Shares of VLO opened at $131.36 on Friday. The firm has a market cap of $42.09 billion, a P/E ratio of 7.51, a P/E/G ratio of 3.53 and a beta of 1.39. The stock has a 50 day simple moving average of $138.91 and a two-hundred day simple moving average of $150.60. 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 Co. has a 1 year low of $119.88 and a 1 year high of $184.79.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.16. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The business had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. During the same quarter in the prior year, the firm earned $7.49 earnings per share. Valero Energy’s revenue for the quarter was down 14.4% on a year-over-year basis. On average, analysts forecast that Valero Energy Co. will post 9.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America assumed coverage on Valero Energy in a report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price on the stock. StockNews.com downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Wells Fargo & Company raised shares of Valero Energy from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $172.00 to $165.00 in a report on Wednesday, October 9th. Scotiabank cut their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lowered their target price on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Valero Energy 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.