Valero Energy Co. (NYSE:VLO) Shares Purchased by Wilsey Asset Management Inc.

Wilsey Asset Management Inc. raised its holdings in Valero Energy Co. (NYSE:VLO) by 4.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 198,766 shares of the oil and gas company’s stock after acquiring an additional 8,440 shares during the quarter. Valero Energy makes up about 6.6% of Wilsey Asset Management Inc.’s portfolio, making the stock its 4th largest holding. Wilsey Asset Management Inc.’s holdings in Valero Energy were worth $16,926,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Archford Capital Strategies LLC boosted its stake in shares of Valero Energy by 122.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 200 shares during the last quarter. Stonebridge Capital Advisors LLC bought a new stake in shares of Valero Energy in the 2nd quarter valued at $32,000. Titan Capital Management LLC CA bought a new stake in shares of Valero Energy in the 2nd quarter valued at $32,000. Griffin Asset Management Inc. bought a new stake in shares of Valero Energy in the 2nd quarter valued at $34,000. Finally, NuWave Investment Management LLC boosted its stake in shares of Valero Energy by 1,107.7% in the 2nd quarter. NuWave Investment Management LLC now owns 471 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 432 shares during the last quarter. Hedge funds and other institutional investors own 76.22% of the company’s stock.

A number of equities research analysts have recently commented on VLO shares. ValuEngine raised shares of Valero Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 27th. Royal Bank of Canada set a $98.00 price objective on shares of Valero Energy and gave the company a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. reduced their price objective on shares of Valero Energy from $96.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 10th. Finally, Wells Fargo & Co upped their price objective on shares of Valero Energy from $107.00 to $108.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Valero Energy has an average rating of “Buy” and an average price target of $103.56.

NYSE VLO traded down $0.23 on Wednesday, hitting $89.22. 1,438,691 shares of the company were exchanged, compared to its average volume of 3,205,734. The company has a market cap of $36.86 billion, a PE ratio of 12.11, a PEG ratio of 2.44 and a beta of 1.48. Valero Energy Co. has a 12 month low of $68.81 and a 12 month high of $106.19. The stock has a fifty day moving average of $81.92 and a 200-day moving average of $82.04. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.14. The business had revenue of $28.93 billion for the quarter, compared to analyst estimates of $25.45 billion. Valero Energy had a net margin of 2.27% and a return on equity of 11.31%. Valero Energy’s revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.15 earnings per share. On average, analysts expect that Valero Energy Co. will post 4.5 earnings per share for the current year.

Valero Energy Company Profile

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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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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