Creative Planning Acquires 3,097 Shares of Valero Energy Co. (NYSE:VLO)

Creative Planning raised its holdings in Valero Energy Co. (NYSE:VLO) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,573 shares of the oil and gas company’s stock after buying an additional 3,097 shares during the quarter. Creative Planning’s holdings in Valero Energy were worth $11,420,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in VLO. Manning & Napier Advisors LLC bought a new stake in Valero Energy in the second quarter worth $15,945,000. 180 Wealth Advisors LLC bought a new stake in Valero Energy in the second quarter worth $535,000. UniSuper Management Pty Ltd boosted its holdings in Valero Energy by 223.1% in the first quarter. UniSuper Management Pty Ltd now owns 10,796 shares of the oil and gas company’s stock worth $1,843,000 after acquiring an additional 7,455 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in Valero Energy by 23.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 42,716 shares of the oil and gas company’s stock worth $6,696,000 after acquiring an additional 8,198 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Valero Energy by 54.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 18,717 shares of the oil and gas company’s stock worth $3,195,000 after acquiring an additional 6,593 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Price Performance

Shares of Valero Energy stock opened at $135.71 on Wednesday. The stock has a 50 day moving average of $139.21 and a 200 day moving average of $150.73. Valero Energy Co. has a 12 month low of $119.88 and a 12 month high of $184.79. The firm has a market cap of $43.48 billion, a PE ratio of 7.75, a PEG ratio of 3.53 and a beta of 1.39. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.60 by $0.11. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The company had revenue of $34.49 billion during the quarter, compared to analyst estimates of $32.97 billion. During the same period in the prior year, the company earned $5.40 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. On average, research analysts expect that Valero Energy Co. will post 9.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VLO shares. BMO Capital Markets decreased their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Wolfe Research started coverage on Valero Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price target for the company. Mizuho decreased their price target on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Piper Sandler cut Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $169.00 to $123.00 in a research note on Friday, September 20th. Finally, Barclays decreased their price target on Valero Energy from $165.00 to $146.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $158.60.

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.