Whittier Trust Co. Acquires 14,133 Shares of Valero Energy Corporation $VLO

Key Points

• Whittier Trust Co. has increased its holdings in Valero Energy Corporation by 7.5%, acquiring 14,133 additional shares to own 201,401 shares total, equivalent to approximately $27.07 million.
• Valero Energy's stock price has recently increased by 1.5%, with a market capitalization of $49.73 billion and trading at $160.10.
• Analysts have varying ratings for Valero Energy, with price targets ranging from $140 to $190, and an average price target set at $173.27.

Whittier Trust Co. increased its holdings in Valero Energy Corporation (NYSE:VLO - Free Report) by 7.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,401 shares of the oil and gas company's stock after acquiring an additional 14,133 shares during the period. Whittier Trust Co. owned about 0.06% of Valero Energy worth $27,072,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Probity Advisors Inc. grew its holdings in shares of Valero Energy by 4.7% in the second quarter. Probity Advisors Inc. now owns 1,863 shares of the oil and gas company's stock valued at $250,000 after acquiring an additional 84 shares in the last quarter. VCI Wealth Management LLC grew its holdings in shares of Valero Energy by 17.1% in the second quarter. VCI Wealth Management LLC now owns 6,054 shares of the oil and gas company's stock valued at $814,000 after acquiring an additional 886 shares in the last quarter. Atlantic Edge Private Wealth Management LLC increased its position in Valero Energy by 1.9% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 7,487 shares of the oil and gas company's stock worth $1,006,000 after buying an additional 140 shares during the last quarter. Phoenix Financial Ltd. increased its position in Valero Energy by 19.1% in the second quarter. Phoenix Financial Ltd. now owns 31,781 shares of the oil and gas company's stock worth $4,272,000 after buying an additional 5,101 shares during the last quarter. Finally, Unison Advisors LLC raised its stake in shares of Valero Energy by 1.0% in the second quarter. Unison Advisors LLC now owns 15,510 shares of the oil and gas company's stock valued at $2,085,000 after buying an additional 161 shares during the period. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Up 1.5%

VLO stock opened at $160.10 on Tuesday. 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 firm has a market capitalization of $49.73 billion, a PE ratio of 66.71, a PEG ratio of 1.59 and a beta of 1.05. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The stock has a 50-day simple moving average of $156.56 and a two-hundred day simple moving average of $139.44.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) 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 analyst estimates of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The firm's quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter last year, the company earned $2.71 earnings per share. On average, equities analysts predict that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on VLO shares. Barclays upped their price target on Valero Energy from $151.00 to $169.00 and gave the company an "overweight" rating in a research report on Tuesday, October 7th. TD Cowen cut Valero Energy from a "buy" rating to a "hold" rating and upped their price target for the company from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Raymond James Financial reaffirmed a "strong-buy" rating and set a $181.00 price target (up previously from $177.00) on shares of Valero Energy in a research report on Friday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Valero Energy in a research report on Wednesday, October 8th. Finally, Mizuho upped 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. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Valero Energy currently has an average rating of "Moderate Buy" and an average price target of $173.27.

Valero Energy Company 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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