10,577 Shares of Valero Energy Corporation $VLO Purchased by Parkway Wealth Management Group LLC

Key Points

• Parkway Wealth Management Group acquired 10,577 Valero Energy shares in the third quarter, valued at approximately $4.1 million. Institutional investors collectively own 78.69% of VLO’s outstanding stock.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $382.62; several firms recently raised their targets, including Wells Fargo to $485.
• Valero reported quarterly EPS of $12.54, beating estimates of $10.11, while revenue rose 48.8% year over year to $44.48 billion. The stock opened at $433.02, near its 52-week high of $461.52.

Parkway Wealth Management Group LLC acquired a new position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,577 shares of the oil and gas company's stock, valued at approximately $4,100,000.

Several other institutional investors and hedge funds also recently bought and sold shares of VLO. Cornerstone Financial Management LLC increased its holdings in shares of Valero Energy by 57.6% in the 2nd quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company's stock valued at $27,000 after purchasing an additional 38 shares during the period. Whipplewood Advisors LLC lifted its position in shares of Valero Energy by 3,400.0% in the first quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company's stock worth $26,000 after purchasing an additional 102 shares in the last quarter. Financial Life Planners purchased a new stake in shares of Valero Energy in the first quarter worth approximately $28,000. Valued Wealth Advisors LLC lifted its position in shares of Valero Energy by 134.0% in the first quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company's stock worth $29,000 after purchasing an additional 67 shares in the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in shares of Valero Energy during the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 78.69% of the company's stock.

Wall Street Analysts Forecast Growth

VLO has been the topic of a number of research analyst reports. Zacks Research raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Mizuho upped their price objective on shares of Valero Energy from $300.00 to $434.00 and gave the company a "neutral" rating in a research note on Thursday, October 8th. Weiss Ratings upgraded shares of Valero Energy from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, October 8th. Wells Fargo & Company increased their target price on shares of Valero Energy from $389.00 to $485.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 14th. Finally, UBS Group reissued a "buy" rating and set a $467.00 target price on shares of Valero Energy in a research note on Tuesday, October 6th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $382.62.

Valero Energy Stock Down 2.6%

VLO opened at $433.02 on Tuesday. Valero Energy Corporation has a fifty-two week low of $156.26 and a fifty-two week high of $461.52. The business has a 50-day moving average of $385.50 and a 200-day moving average of $305.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.64 and a quick ratio of 1.23. The company has a market capitalization of $124.68 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 0.29 and a beta of 0.59.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.11 by $2.43. The business had revenue of $44.48 billion during the quarter, compared to analyst estimates of $39.47 billion. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%. The firm's revenue was up 48.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.28 EPS. Equities research analysts forecast that Valero Energy Corporation will post 51.77 EPS for the current fiscal year.

Valero Energy Profile

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company's primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.

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