Parkway Wealth Management Group LLC Makes New Investment in Valero Energy Corporation $VLO

Parkway Wealth Management Group LLC purchased a new stake in shares of Valero Energy Corporation (NYSE:VLO) during the third quarter, Holdings Channel reports. The fund purchased 10,577 shares of the oil and gas company’s stock, valued at approximately $4,100,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Zone Wealth Advisors LLC boosted its holdings in Valero Energy by 2.4% in the third quarter. Blue Zone Wealth Advisors LLC now owns 1,027 shares of the oil and gas company’s stock worth $398,000 after purchasing an additional 24 shares in the last quarter. Grove Bank & Trust increased its position in Valero Energy by 1.0% during the third quarter. Grove Bank & Trust now owns 2,608 shares of the oil and gas company’s stock worth $1,011,000 after buying an additional 25 shares during the last quarter. Cornerstone Financial Management LLC increased its position in Valero Energy by 57.6% during the second quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company’s stock worth $27,000 after buying an additional 38 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in Valero Energy by 0.6% during the first quarter. V Square Quantitative Management LLC now owns 6,670 shares of the oil and gas company’s stock valued at $1,648,000 after buying an additional 42 shares in the last quarter. Finally, Bouchey Financial Group Ltd. raised its holdings in Valero Energy by 4.6% during the second quarter. Bouchey Financial Group Ltd. now owns 1,016 shares of the oil and gas company’s stock valued at $265,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Price Performance

NYSE VLO opened at $433.02 on Tuesday. The stock has a 50-day simple moving average of $385.50 and a 200 day simple moving average of $305.39. Valero Energy Corporation has a twelve month low of $156.26 and a twelve month high of $461.52. The stock has a market capitalization of $124.68 billion, a PE ratio of 17.97, a P/E/G ratio of 0.29 and a beta of 0.59. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.23 and a current ratio of 1.64.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.11 by $2.43. The firm had revenue of $44.48 billion for the quarter, compared to analyst estimates of $39.47 billion. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%. The company’s revenue was up 48.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.28 EPS. Research analysts anticipate that Valero Energy Corporation will post 51.77 EPS for the current year.

Analyst Ratings Changes

VLO has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Valero Energy from $389.00 to $485.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 14th. Bank of America upped their price target on Valero Energy from $395.00 to $414.00 and gave the stock a “neutral” rating in a research note on Friday, October 2nd. Piper Sandler increased their price objective on Valero Energy from $329.00 to $435.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Weiss Ratings raised Valero Energy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Finally, Zacks Research raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $382.62.

Valero Energy Profile

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.