Hengehold Capital Management LLC Makes New $1.75 Million Investment in Valero Energy Co. (NYSE:VLO)

Hengehold Capital Management LLC bought a new position in shares of Valero Energy Co. (NYSE:VLO) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,506 shares of the oil and gas company’s stock, valued at approximately $1,748,000.

A number of other institutional investors also recently made changes to their positions in VLO. Archford Capital Strategies LLC boosted its position in shares of Valero Energy by 122.7% in the second quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 200 shares during the period. Mechanics Bank Trust Department bought a new stake in shares of Valero Energy in the third quarter valued at approximately $31,000. Titan Capital Management LLC CA bought a new stake in shares of Valero Energy in the second quarter valued at approximately $32,000. Stonebridge Capital Advisors LLC bought a new stake in shares of Valero Energy in the second quarter valued at approximately $32,000. Finally, Griffin Asset Management Inc. bought a new stake in shares of Valero Energy in the second quarter valued at approximately $34,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE VLO traded up $1.16 during trading hours on Tuesday, reaching $94.37. The stock had a trading volume of 123,444 shares, compared to its average volume of 2,648,164. The business’s fifty day moving average is $83.94 and its two-hundred day moving average is $82.22. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92. The company has a market cap of $37.74 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 2.54 and a beta of 1.48. Valero Energy Co. has a twelve month low of $68.81 and a twelve month high of $94.72.

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

VLO has been the subject of several research reports. JPMorgan Chase & Co. reduced their price objective 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. Royal Bank of Canada set a $98.00 price objective on Valero Energy and gave the company a “buy” rating in a research report on Friday, July 26th. Morgan Stanley increased their price objective on Valero Energy from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Wells Fargo & Co increased their price objective on Valero Energy from $107.00 to $108.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $103.56.

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.

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

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