Moneta Group Investment Advisors LLC lifted its holdings in Valero Energy Co. (NYSE:VLO) by 30.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,406 shares of the oil and gas company’s stock after buying an additional 2,458 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Valero Energy were worth $647,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Kiley Juergens Wealth Management LLC acquired a new position in shares of Valero Energy in the 2nd quarter valued at approximately $117,000. Kaizen Advisory LLC grew its position in shares of Valero Energy by 156.8% in the 2nd quarter. Kaizen Advisory LLC now owns 1,063 shares of the oil and gas company’s stock valued at $118,000 after purchasing an additional 649 shares during the period. Stelac Advisory Services LLC acquired a new position in shares of Valero Energy in the 2nd quarter valued at approximately $125,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of Valero Energy in the 1st quarter valued at approximately $135,000. Finally, Trust Co. of Vermont grew its position in shares of Valero Energy by 70.4% in the 2nd quarter. Trust Co. of Vermont now owns 1,452 shares of the oil and gas company’s stock valued at $160,000 after purchasing an additional 600 shares during the period. 78.37% of the stock is owned by institutional investors and hedge funds.
Shares of VLO stock opened at $116.18 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.67 and a debt-to-equity ratio of 0.39. Valero Energy Co. has a twelve month low of $75.84 and a twelve month high of $126.98. The firm has a market cap of $48.62 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 1.96 and a beta of 1.03.
In related news, Director Stephen M. Waters sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $116.76, for a total transaction of $116,760.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is owned by company insiders.
VLO has been the topic of several research reports. ValuEngine upgraded Valero Energy from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Citigroup boosted their target price on Valero Energy from $125.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, September 7th. JPMorgan Chase & Co. boosted their target price on Valero Energy from $128.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. Mizuho initiated coverage on Valero Energy in a report on Wednesday, August 1st. They issued a “neutral” rating and a $125.00 price objective on the stock. Finally, Morgan Stanley upped their price objective on Valero Energy from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Tuesday, July 31st. Fourteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $116.59.
About Valero Energy
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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