International Assets Investment Management LLC Has $1.19 Million Position in Valero Energy Corporation $VLO

Key Points

• International Assets Investment Management LLC reduced its stake in Valero Energy by 27.0% during the second quarter, leaving it with 8,856 shares valued at $1.19 million.
• Valero Energy reported $2.28 EPS for the quarter, surpassing analyst expectations, but its revenue fell 13.3% year-over-year to $29.89 billion.
• Analysts have largely rated Valero Energy favorably, with target prices raised by firms like Mizuho and UBS, indicating confidence in its performance and setting an average target price of $173.27.

International Assets Investment Management LLC lowered its stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 27.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,856 shares of the oil and gas company's stock after selling 3,274 shares during the quarter. International Assets Investment Management LLC's holdings in Valero Energy were worth $1,190,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in VLO. Price T Rowe Associates Inc. MD grew its position in Valero Energy by 276.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company's stock worth $1,425,754,000 after buying an additional 7,931,018 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Valero Energy by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company's stock valued at $5,135,043,000 after purchasing an additional 4,155,522 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Valero Energy in the 1st quarter valued at $529,864,000. Invesco Ltd. boosted its holdings in shares of Valero Energy by 34.1% in the 1st quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company's stock valued at $647,823,000 after purchasing an additional 1,247,196 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Valero Energy by 6.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company's stock valued at $1,510,586,000 after purchasing an additional 736,533 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Stock Up 0.8%

Shares of VLO opened at $157.62 on Monday. 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 PEG ratio of 1.59 and a beta of 1.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The stock has a fifty day moving average of $155.99 and a 200-day moving average of $139.05.

Valero Energy (NYSE:VLO - Get Free Report) last announced its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $27 billion. During the same period last year, the company earned $2.71 EPS. Valero Energy's revenue for the quarter was down 13.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Mizuho raised their target price on Valero Energy from $166.00 to $190.00 and gave the company an "outperform" rating in a report on Monday, September 15th. TD Cowen downgraded Valero Energy from a "buy" rating to a "hold" rating and raised their target price for the company from $118.00 to $140.00 in a report on Tuesday, July 22nd. UBS Group raised their target price on Valero Energy from $165.00 to $183.00 and gave the company a "buy" rating in a report on Monday, September 22nd. Evercore ISI raised their target price on Valero Energy from $135.00 to $185.00 and gave the company an "in-line" rating in a report on Friday, September 19th. Finally, Bank of America upgraded Valero Energy from a "neutral" rating to a "buy" rating and increased their price target for the company from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $173.27.

Valero Energy Profile

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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