Sagespring Wealth Partners LLC Boosts Position in Valero Energy Corporation $VLO

Sagespring Wealth Partners LLC raised its stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 66.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,240 shares of the oil and gas company's stock after buying an additional 1,696 shares during the quarter. Sagespring Wealth Partners LLC's holdings in Valero Energy were worth $570,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in VLO. Wayfinding Financial LLC purchased a new position in Valero Energy during the 1st quarter valued at about $26,000. Hoey Investments Inc. purchased a new position in Valero Energy during the 2nd quarter valued at about $26,000. GFG Capital LLC bought a new stake in shares of Valero Energy during the 2nd quarter valued at about $27,000. Hazlett Burt & Watson Inc. boosted its position in shares of Valero Energy by 156.6% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company's stock valued at $28,000 after acquiring an additional 130 shares during the last quarter. Finally, Hemington Wealth Management boosted its position in shares of Valero Energy by 39.9% during the 1st quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company's stock valued at $43,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company's stock.

Analysts Set New Price Targets

VLO has been the subject of a number of research analyst reports. TD Cowen downgraded Valero Energy from a "buy" rating to a "hold" rating and lifted their price target for the company from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Mizuho lifted their price target on Valero Energy from $166.00 to $190.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Evercore ISI lifted their price target on Valero Energy from $135.00 to $185.00 and gave the company an "in-line" rating in a research report on Friday, September 19th. Morgan Stanley downgraded Valero Energy from an "overweight" rating to an "equal weight" rating and lifted their price target for the company from $160.00 to $175.00 in a research report on Friday, October 3rd. Finally, Citigroup downgraded Valero Energy from a "buy" rating to a "neutral" rating and lifted their price target for the company from $134.00 to $150.00 in a research report on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $169.80.

Valero Energy Stock Performance

NYSE:VLO opened at $156.40 on Friday. The business has a 50 day moving average of $155.50 and a 200 day moving average of $138.68. The company has a market capitalization of $48.59 billion, a price-to-earnings ratio of 65.17, a PEG ratio of 1.65 and a beta of 1.05. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $178.43. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11.

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

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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