Valero Energy Co. (NYSE:VLO) Position Increased by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated raised its holdings in shares of Valero Energy Co. (NYSE:VLO) by 306.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,070 shares of the oil and gas company’s stock after purchasing an additional 4,575 shares during the period. Silver Oak Securities Incorporated’s holdings in Valero Energy were worth $825,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new stake in Valero Energy during the second quarter valued at $27,000. Lynx Investment Advisory bought a new position in shares of Valero Energy during the second quarter worth about $29,000. Pathway Financial Advisers LLC bought a new position in shares of Valero Energy during the first quarter worth about $33,000. Summit Securities Group LLC bought a new position in shares of Valero Energy during the second quarter worth about $31,000. Finally, First Foundation Advisors bought a new position in shares of Valero Energy during the first quarter worth about $37,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

VLO has been the subject of several recent research reports. Citigroup lowered their price target on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Friday. TD Cowen lowered their price target on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday. Wells Fargo & Company upgraded shares of Valero Energy from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $172.00 to $165.00 in a research report on Wednesday, October 9th. Scotiabank lowered their price target on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, Barclays reduced their price objective on shares of Valero Energy from $165.00 to $146.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $154.53.

Valero Energy Price Performance

Shares of NYSE VLO opened at $132.40 on Friday. The firm has a 50-day moving average of $138.55 and a two-hundred day moving average of $150.47. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79. The company has a market capitalization of $42.42 billion, a price-to-earnings ratio of 7.57, 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 released its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The firm had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. During the same quarter in the prior year, the company posted $7.49 earnings per share. The firm’s revenue was down 14.4% on a year-over-year basis. As a group, analysts expect that Valero Energy Co. will post 9.6 earnings per share for the current fiscal 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.