Stanley Laman Group Ltd. Decreases Stake in Valero Energy Corporation $VLO

Key Points

• Stanley Laman Group Ltd. has decreased its stake in Valero Energy Corporation by 8.3%, holding 23,940 shares worth approximately $3.22 million after selling 2,175 shares in the second quarter.
• Research analysts have mixed ratings on Valero Energy, with Raymond James reiterating a "strong-buy" rating and a price target increase to $181.00, while TD Cowen downgraded its rating from "buy" to "hold."
• Valero Energy reported $2.28 EPS for the last quarter, outperforming expectations by $0.62, though revenue saw a 13.3% decline from the previous year.

Stanley Laman Group Ltd. lowered its position in Valero Energy Corporation (NYSE:VLO - Free Report) by 8.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 23,940 shares of the oil and gas company's stock after selling 2,175 shares during the period. Stanley Laman Group Ltd.'s holdings in Valero Energy were worth $3,218,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VLO. Wayfinding Financial LLC purchased a new position in Valero Energy in the 1st quarter valued at $26,000. Hoey Investments Inc. purchased a new position in shares of Valero Energy during the 2nd quarter worth $26,000. GFG Capital LLC purchased a new position in shares of Valero Energy during the 2nd quarter worth $27,000. Hazlett Burt & Watson Inc. raised its holdings 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 worth $28,000 after acquiring an additional 130 shares during the period. Finally, Hemington Wealth Management raised its holdings 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 worth $43,000 after acquiring an additional 95 shares during the period. Hedge funds and other institutional investors own 78.69% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Raymond James Financial reiterated a "strong-buy" rating and set a $181.00 price target (up previously from $177.00) on shares of Valero Energy in a report on Friday. TD Cowen lowered Valero Energy from a "buy" rating to a "hold" rating and lifted their price target for the stock from $118.00 to $140.00 in a report on Tuesday, July 22nd. Barclays lifted their price target on Valero Energy from $151.00 to $169.00 and gave the stock an "overweight" rating in a report on Tuesday, October 7th. Citigroup lowered Valero Energy from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $134.00 to $150.00 in a report on Wednesday, July 16th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Valero Energy in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Valero Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $173.27.

Valero Energy Stock Up 0.8%

Shares of NYSE:VLO opened at $157.62 on Friday. The company has a market capitalization of $48.96 billion, a price-to-earnings ratio of 65.68, a PEG ratio of 1.61 and a beta of 1.05. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $155.99 and a 200 day moving average price of $138.84. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $178.43.

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, beating the consensus estimate 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 revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.71 EPS. Sell-side 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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