Lourd Capital LLC acquired a new stake in shares of Valero Energy Co. (NYSE:VLO) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 6,873 shares of the oil and gas company’s stock, valued at approximately $782,000.
A number of other institutional investors have also recently bought and sold shares of VLO. FMR LLC boosted its position in shares of Valero Energy by 71.1% in the 2nd quarter. FMR LLC now owns 16,436,742 shares of the oil and gas company’s stock worth $1,821,684,000 after purchasing an additional 6,831,581 shares in the last quarter. Putnam Investments LLC boosted its position in shares of Valero Energy by 1.0% in the 2nd quarter. Putnam Investments LLC now owns 2,830,876 shares of the oil and gas company’s stock worth $313,746,000 after purchasing an additional 29,161 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Valero Energy by 58.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,757,883 shares of the oil and gas company’s stock worth $194,827,000 after purchasing an additional 647,321 shares in the last quarter. Swiss National Bank boosted its position in shares of Valero Energy by 2.1% in the 2nd quarter. Swiss National Bank now owns 1,433,048 shares of the oil and gas company’s stock worth $158,825,000 after purchasing an additional 29,200 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Valero Energy by 9.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,421,291 shares of the oil and gas company’s stock worth $157,522,000 after purchasing an additional 117,140 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors and hedge funds.
VLO has been the topic of a number of analyst reports. ValuEngine cut Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. JPMorgan Chase & Co. boosted their price target on Valero Energy from $128.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Morgan Stanley boosted their price target on Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 31st. Mizuho assumed coverage on Valero Energy in a research report on Wednesday, August 1st. They issued a “neutral” rating and a $125.00 price target on the stock. Finally, Citigroup boosted their price objective on shares of Valero Energy from $125.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, September 7th. Fourteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $116.59.
Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.17. Valero Energy had a net margin of 4.21% and a return on equity of 12.06%. The company had revenue of $31.02 billion during the quarter, compared to analyst estimates of $26.56 billion. During the same period in the previous year, the business earned $1.23 EPS. The firm’s revenue for the quarter was up 39.4% on a year-over-year basis. Sell-side analysts expect that Valero Energy Co. will post 6.44 earnings per share for the current fiscal year.
In other Valero Energy news, Director Stephen M. Waters sold 1,000 shares of the business’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $116.76, for a total transaction of $116,760.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is currently owned by insiders.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. 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. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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