Arista Wealth Management LLC Makes New $479,000 Investment in Valero Energy Corporation $VLO

Key Points

• Arista Wealth Management LLC has made a new investment in Valero Energy Corporation, acquiring 3,562 shares valued at approximately $479,000.
• Valero Energy stock has received mixed ratings from analysts, with Bank of America upgrading it to a "buy" and raising the target price to $179.00, while Citigroup downgraded it to a "neutral" rating.
• Valero Energy reported $2.28 earnings per share for the last quarter, exceeding analysts' expectations, although its revenue declined by 13.3% year-over-year.

Arista Wealth Management LLC acquired a new position in Valero Energy Corporation (NYSE:VLO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,562 shares of the oil and gas company's stock, valued at approximately $479,000.

Several other institutional investors also recently bought and sold shares of the stock. Stratos Wealth Partners LTD. raised its position in Valero Energy by 5.7% during the second quarter. Stratos Wealth Partners LTD. now owns 19,708 shares of the oil and gas company's stock valued at $2,649,000 after acquiring an additional 1,061 shares in the last quarter. Angeles Wealth Management LLC boosted its stake in shares of Valero Energy by 16.1% in the second quarter. Angeles Wealth Management LLC now owns 2,860 shares of the oil and gas company's stock worth $385,000 after acquiring an additional 397 shares during the last quarter. Applied Finance Capital Management LLC boosted its stake in Valero Energy by 1.5% during the second quarter. Applied Finance Capital Management LLC now owns 101,260 shares of the oil and gas company's stock worth $13,611,000 after buying an additional 1,466 shares during the last quarter. Bellecapital International Ltd. acquired a new position in Valero Energy during the second quarter worth $618,000. Finally, Uptick Partners LLC acquired a new position in Valero Energy during the second quarter worth $316,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Bank of America upgraded Valero Energy from a "neutral" rating to a "buy" rating and lifted their target price for the company from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Piper Sandler upped their price objective on Valero Energy from $171.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, September 11th. Morgan Stanley cut Valero Energy from an "overweight" rating to an "equal weight" rating and upped their price objective for the stock from $160.00 to $175.00 in a research report on Friday, October 3rd. Wolfe Research cut Valero Energy from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Finally, Citigroup cut Valero Energy from a "buy" rating to a "neutral" rating and raised their price target for the company from $134.00 to $150.00 in a report on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $173.27.

Valero Energy Price Performance

VLO stock opened at $157.62 on Friday. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $178.43. The stock has a market capitalization of $48.96 billion, a price-to-earnings ratio of 65.68, a price-to-earnings-growth ratio of 1.61 and a beta of 1.05. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The stock's fifty day simple moving average is $155.99 and its 200-day simple moving average is $138.84.

Valero Energy (NYSE:VLO - Get Free Report) last issued its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The firm had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $27 billion. During the same quarter last year, the firm earned $2.71 earnings per share. The firm's revenue for the quarter was down 13.3% compared to the same quarter last year. Equities research analysts expect that Valero Energy Corporation will post 7.92 EPS for the current year.

About Valero Energy

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.

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