Valero Energy Co. (NYSE:VLO) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Valero Energy Co. (NYSE:VLO) by 1.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 39,344 shares of the oil and gas company’s stock after buying an additional 573 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Valero Energy were worth $5,313,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of VLO. EdgeRock Capital LLC acquired a new position in Valero Energy in the 2nd quarter valued at $27,000. Lynx Investment Advisory purchased a new stake in shares of Valero Energy during the 2nd quarter worth $29,000. Summit Securities Group LLC purchased a new stake in shares of Valero Energy during the 2nd quarter worth $31,000. Pathway Financial Advisers LLC purchased a new stake in shares of Valero Energy during the 1st quarter worth $33,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of Valero Energy during the 3rd quarter worth $34,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on VLO shares. Bank of America started coverage on shares of Valero Energy in a research report on Thursday. They set a “neutral” rating and a $150.00 target price on the stock. Scotiabank decreased their target price on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Wolfe Research started coverage on shares of Valero Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $177.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Finally, BMO Capital Markets decreased their target price on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and an average price target of $158.60.

Valero Energy Trading Up 0.3 %

Shares of VLO stock opened at $137.04 on Friday. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79. The firm has a 50-day moving average price of $139.77 and a 200 day moving average price of $151.58. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $44.81 billion, a price-to-earnings ratio of 6.79, a PEG ratio of 3.75 and a beta of 1.39.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.11. The firm had revenue of $34.49 billion during the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.40 EPS. Research analysts forecast that Valero Energy Co. will post 9.41 earnings per share for the current fiscal year.

Valero Energy 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.