Valero Energy Co. (NYSE:VLO) Shares Acquired by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV increased its stake in Valero Energy Co. (NYSE:VLO) by 79.9% during the third quarter, HoldingsChannel.com reports. The fund owned 13,630 shares of the oil and gas company’s stock after buying an additional 6,055 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Valero Energy were worth $1,162,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Citizens Bank & Trust Co. boosted its position in shares of Valero Energy by 25.6% in the third quarter. First Citizens Bank & Trust Co. now owns 47,430 shares of the oil and gas company’s stock worth $4,043,000 after buying an additional 9,665 shares during the period. Occidental Asset Management LLC boosted its position in shares of Valero Energy by 18.6% in the third quarter. Occidental Asset Management LLC now owns 10,341 shares of the oil and gas company’s stock worth $881,000 after buying an additional 1,621 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Valero Energy by 28.2% in the third quarter. Envestnet Asset Management Inc. now owns 319,568 shares of the oil and gas company’s stock worth $27,240,000 after buying an additional 70,236 shares during the period. Strategic Advisors LLC boosted its position in shares of Valero Energy by 24.0% in the third quarter. Strategic Advisors LLC now owns 16,347 shares of the oil and gas company’s stock worth $1,393,000 after buying an additional 3,168 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of Valero Energy by 211.7% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 102,042 shares of the oil and gas company’s stock worth $8,698,000 after buying an additional 69,300 shares during the period. Institutional investors and hedge funds own 76.22% of the company’s stock.

VLO has been the subject of several recent analyst reports. Wells Fargo & Co raised their target price on Valero Energy from $107.00 to $108.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. decreased their target price on Valero Energy from $96.00 to $83.00 and set an “overweight” rating for the company in a research report on Tuesday, September 10th. ValuEngine raised Valero Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Royal Bank of Canada set a $98.00 target price on Valero Energy and gave the stock a “buy” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Valero Energy presently has an average rating of “Buy” and an average price target of $103.56.

VLO opened at $91.06 on Friday. The stock has a market cap of $37.34 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 2.51 and a beta of 1.48. Valero Energy Co. has a 1 year low of $68.81 and a 1 year high of $100.29. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average price of $82.94 and a 200 day moving average price of $82.12.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.14. The firm had revenue of $28.93 billion during the quarter, compared to analysts’ expectations of $25.45 billion. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.15 earnings per share. As a group, sell-side analysts forecast that Valero Energy Co. will post 4.48 earnings per share for the current fiscal year.

Valero Energy Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.

Read More: Portfolio Manager

Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Co. (NYSE:VLO).

Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.