Whittier Trust Co. of Nevada Inc. Increases Stock Position in Valero Energy Corporation $VLO

Key Points

• Whittier Trust Co. of Nevada Inc. increased its stake in Valero Energy by 5.9%, owning a total of 85,770 shares valued at approximately $11.53 million.
• Several institutional investors, including Kestra Private Wealth Services LLC and Mitsubishi UFJ Asset Management, have also increased their positions or acquired new stakes in Valero Energy this year.
• Valero Energy reported an earnings per share of $2.28, surpassing analysts' expectations, despite a 13.3% decrease in revenue year-over-year.

Whittier Trust Co. of Nevada Inc. raised its position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 5.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,770 shares of the oil and gas company's stock after buying an additional 4,742 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Valero Energy were worth $11,529,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Kestra Private Wealth Services LLC boosted its position in Valero Energy by 18.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company's stock valued at $2,959,000 after buying an additional 3,503 shares during the period. Hancock Whitney Corp lifted its position in shares of Valero Energy by 8.9% in the 1st quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company's stock worth $6,138,000 after purchasing an additional 3,790 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Valero Energy in the 1st quarter worth about $766,000. FORA Capital LLC purchased a new stake in shares of Valero Energy in the 1st quarter worth about $866,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Valero Energy by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company's stock worth $74,025,000 after purchasing an additional 56,274 shares during the period. Hedge funds and other institutional investors own 78.69% of the company's stock.

Analyst Upgrades and Downgrades

VLO has been the subject of several research analyst reports. UBS Group raised their target price on shares of Valero Energy from $165.00 to $183.00 and gave the stock a "buy" rating in a research report on Monday, September 22nd. TD Cowen cut shares of Valero Energy from a "buy" rating to a "hold" rating and raised their target price for the stock from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Piper Sandler raised 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. Bank of America raised shares of Valero Energy from a "neutral" rating to a "buy" rating and raised their target price for the stock from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Finally, Evercore ISI raised their target price on shares of Valero Energy from $135.00 to $185.00 and gave the stock an "in-line" rating in a research report on Friday, September 19th. Three research 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 MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $173.27.

Valero Energy Stock Up 1.5%

NYSE:VLO opened at $160.10 on Tuesday. The firm has a market cap of $49.73 billion, a P/E ratio of 66.71, a P/E/G 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. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $178.43. The firm 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 released its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.62. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. 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 business earned $2.71 EPS. Valero Energy's revenue was down 13.3% compared to the same quarter last year. Analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

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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