BP Capital Fund Advisors LLC acquired a new position in Valero Energy Co. (NYSE:VLO) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 29,650 shares of the oil and gas company’s stock, valued at approximately $2,538,000. Valero Energy accounts for 1.9% of BP Capital Fund Advisors LLC’s investment portfolio, making the stock its 17th biggest holding.
Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in Valero Energy by 2.7% during the 2nd quarter. BlackRock Inc. now owns 34,645,065 shares of the oil and gas company’s stock valued at $2,965,964,000 after purchasing an additional 896,211 shares during the period. Vanguard Group Inc. boosted its position in Valero Energy by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 34,131,975 shares of the oil and gas company’s stock valued at $2,922,038,000 after purchasing an additional 116,878 shares during the period. FMR LLC boosted its position in Valero Energy by 1.2% during the 1st quarter. FMR LLC now owns 11,136,474 shares of the oil and gas company’s stock valued at $944,707,000 after purchasing an additional 127,138 shares during the period. Bank of New York Mellon Corp boosted its position in Valero Energy by 6.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,172,100 shares of the oil and gas company’s stock valued at $785,223,000 after purchasing an additional 515,534 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in Valero Energy by 2.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,018,386 shares of the oil and gas company’s stock valued at $515,234,000 after acquiring an additional 121,909 shares in the last quarter. Institutional investors and hedge funds own 76.33% of the company’s stock.
Shares of VLO stock traded up $2.20 on Friday, reaching $88.00. 3,093,585 shares of the company’s stock traded hands, compared to its average volume of 3,332,159. The company has a market capitalization of $35.25 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 2.30 and a beta of 1.48. The business’s 50 day moving average price is $80.84 and its two-hundred day moving average price is $81.98. Valero Energy Co. has a 12-month low of $68.81 and a 12-month high of $108.68. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.42.
Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.14. The company had revenue of $28.93 billion during the quarter, compared to the consensus estimate of $25.45 billion. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. The firm’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.15 EPS. Research analysts predict that Valero Energy Co. will post 4.62 earnings per share for the current year.
Several analysts have weighed in on VLO shares. Royal Bank of Canada set a $98.00 target price on Valero Energy and gave the company a “buy” rating in a research note on Friday, July 26th. ValuEngine raised Valero Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 27th. Wells Fargo & Co boosted their price objective on Valero Energy from $107.00 to $108.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. dropped their price objective on Valero Energy from $96.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 10th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $103.56.
About Valero Energy
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.
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