Jackson Hole Capital Partners LLC Has $772,000 Position in Valero Energy Corporation $VLO

Key Points

• Jackson Hole Capital Partners LLC increased its position in Valero Energy Corporation by 51.6%, holding $772,000 worth of the stock after purchasing 1,956 additional shares in the 2nd quarter.
• Valero Energy reported earnings per share of $3.66 for the latest quarter, exceeding analysts' expectations of $3.15, with a total revenue of $32.17 billion compared to projections of $28.80 billion.
• Several institutional investors have also increased their stakes in Valero Energy, with institutional ownership now at 78.69% of the company's stock.

Jackson Hole Capital Partners LLC lifted its holdings in Valero Energy Corporation (NYSE:VLO - Free Report) by 51.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,746 shares of the oil and gas company's stock after purchasing an additional 1,956 shares during the period. Jackson Hole Capital Partners LLC's holdings in Valero Energy were worth $772,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its stake 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Valero Energy by 276.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company's stock valued at $1,425,754,000 after purchasing an additional 7,931,018 shares during the last quarter. Invesco Ltd. lifted its stake 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 during the last quarter. Finally, Nuveen LLC acquired a new position in Valero Energy during the 1st quarter worth $529,864,000. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Stock Performance

NYSE VLO opened at $173.21 on Friday. The stock has a market cap of $53.81 billion, a P/E ratio of 72.17, a PEG ratio of 1.82 and a beta of 1.05. The company's 50-day simple moving average is $158.31 and its 200 day simple moving average is $140.18. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38.

Valero Energy (NYSE:VLO - Get Free Report) last posted its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, beating analysts' consensus estimates of $3.15 by $0.51. The business had revenue of $32.17 billion for the quarter, compared to analysts' expectations of $28.80 billion. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 earnings per share. As a group, research analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VLO. Wells Fargo & Company began coverage on shares of Valero Energy in a research report on Friday, October 17th. They set an "overweight" rating and a $216.00 target price for the company. Raymond James Financial reissued a "strong-buy" rating and set a $181.00 target price (up previously from $177.00) on shares of Valero Energy in a research report on Friday, October 17th. Weiss Ratings reissued a "hold (c)" rating on shares of Valero Energy in a research report on Wednesday, October 8th. Bank of America raised shares of Valero Energy from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Finally, Piper Sandler boosted their target price on shares of Valero Energy from $171.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, September 11th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $176.60.

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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