2,059 Shares in Valero Energy Corporation $VLO Bought by Oakmont Investment Advisors Inc.

Oakmont Investment Advisors Inc. bought a new position in shares of Valero Energy Corporation (NYSE:VLO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,059 shares of the oil and gas company’s stock, valued at approximately $798,000.

Several other institutional investors also recently modified their holdings of the stock. Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Valero Energy during the 3rd quarter worth $2,841,000. Magnus Financial Group LLC acquired a new position in Valero Energy in the 3rd quarter worth about $258,000. Axxcess Wealth Management LLC raised its position in Valero Energy by 50.1% in the third quarter. Axxcess Wealth Management LLC now owns 4,064 shares of the oil and gas company’s stock valued at $1,575,000 after purchasing an additional 1,357 shares during the last quarter. Inlet Private Wealth LLC bought a new position in Valero Energy in the third quarter valued at about $291,000. Finally, Sowell Financial Services LLC boosted its stake in shares of Valero Energy by 2.2% during the third quarter. Sowell Financial Services LLC now owns 20,885 shares of the oil and gas company’s stock valued at $8,095,000 after purchasing an additional 440 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Performance

Shares of Valero Energy stock opened at $436.56 on Thursday. The stock has a market cap of $125.70 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 0.27 and a beta of 0.59. Valero Energy Corporation has a twelve month low of $156.26 and a twelve month high of $461.52. The company’s fifty day moving average is $389.82 and its 200 day moving average is $308.10. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 0.37.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.11 by $2.43. The business had revenue of $44.48 billion during 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%. Valero Energy’s revenue for the quarter was up 48.8% compared to the same quarter last year. During the same period last year, the company earned $2.28 EPS. Sell-side analysts forecast that Valero Energy Corporation will post 52.55 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Morgan Stanley boosted their price target on Valero Energy from $255.00 to $411.00 and gave the stock an “equal weight” rating in a report on Monday, September 14th. Erste Group Bank downgraded Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, August 27th. Mizuho raised their price objective on shares of Valero Energy from $300.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, October 8th. Bank of America lifted their target price on shares of Valero Energy from $395.00 to $414.00 and gave the stock a “neutral” rating in a research report on Friday, October 2nd. Finally, Piper Sandler lifted their target price on shares of Valero Energy from $329.00 to $435.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus target price of $382.62.

Trending Headlines about Valero Energy

Here are the key news stories impacting Valero Energy this week:

• Positive Sentiment: Higher refining margins are raising expectations for Valero’s third-quarter performance. As a major independent petroleum refiner, VLO could benefit from improved crack spreads and stronger profitability in its core refining business. Valero Energy’s Q3 Earnings Approach: Higher Refining Margins Fuel Optimism
• Positive Sentiment: Valero’s recent momentum has attracted attention from investors. The stock had gained 2.53% over the prior week, reflecting expectations that the earnings report could benefit from favorable refining conditions. Valero Energy Is Up 2.53% in One Week
• Neutral Sentiment: Wall Street is focusing not only on revenue and earnings, but also on key operating metrics expected with the third-quarter results. The report could determine whether the recent rally is supported by fundamentals. Insights Into Valero Energy Q3: Wall Street Projections for Key Metrics
• Neutral Sentiment: The company’s earnings announcement is the immediate focus for traders, increasing the likelihood of heightened volatility around the release. Valero previously reported a strong quarter, with earnings and revenue exceeding expectations, which sets a high bar for another upside surprise.
• Negative Sentiment: A report indicated that Valero shares fell 1.80% amid the run-up to the scheduled results, suggesting some profit-taking or caution ahead of the announcement. Investors may also be concerned that favorable refining-margin expectations are already reflected in the stock. Valero Energy Scheduled Results
• Negative Sentiment: Geopolitical disruptions have contributed to higher diesel costs, creating potential pressure on fuel consumers and operating expenses. The proposed $8 billion farmer relief program could cushion diesel demand, but it also underscores continued energy-market instability. Trump Announces $8B Bailout for Farmers

Valero Energy Company 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.