Courier Capital LLC Has $2.11 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Courier Capital LLC reduced its holdings in shares of Valero Energy Co. (NYSE:VLO) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,641 shares of the oil and gas company’s stock after selling 184 shares during the period. Courier Capital LLC’s holdings in Valero Energy were worth $2,112,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VLO. Acadian Asset Management LLC boosted its stake in Valero Energy by 37.6% in the 1st 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 buying an additional 426,093 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Valero Energy by 5.8% in the 2nd 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 purchasing an additional 237,347 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Valero Energy by 17.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,550,010 shares of the oil and gas company’s stock worth $238,841,000 after purchasing an additional 232,494 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in Valero Energy during the 1st quarter valued at about $39,517,000. Finally, Hsbc Holdings PLC boosted its position in 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 buying an additional 194,974 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on VLO shares. Wolfe Research started coverage on shares of Valero Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $177.00 price objective for the company. Piper Sandler lowered Valero Energy from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $169.00 to $123.00 in a research note on Friday, September 20th. BMO Capital Markets cut their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Barclays reduced their price target on shares of Valero Energy from $165.00 to $146.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and a consensus target price of $158.60.

Valero Energy Trading Down 2.1 %

NYSE VLO opened at $132.89 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.04 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 capitalization of $42.58 billion, a PE ratio of 7.59, 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 200 day simple moving average of $150.60.

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

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.