Kwmg LLC Raises Position in Valero Energy Co. (NYSE:VLO)

Kwmg LLC lifted its stake in Valero Energy Co. (NYSE:VLO) by 4.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 56,621 shares of the oil and gas company’s stock after acquiring an additional 2,175 shares during the quarter. Valero Energy comprises approximately 1.2% of Kwmg LLC’s portfolio, making the stock its 20th largest position. Kwmg LLC’s holdings in Valero Energy were worth $4,826,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. 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 worth $31,000 after buying an additional 200 shares during the period. Mechanics Bank Trust Department purchased a new stake in shares of Valero Energy in the third quarter worth about $31,000. Stonebridge Capital Advisors LLC purchased a new stake in shares of Valero Energy in the second quarter worth about $32,000. Titan Capital Management LLC CA purchased a new stake in shares of Valero Energy in the second quarter worth about $32,000. Finally, Griffin Asset Management Inc. purchased a new stake in shares of Valero Energy in the second quarter worth about $34,000. 76.26% of the stock is owned by institutional investors.

Shares of NYSE:VLO traded up $1.10 during trading on Tuesday, hitting $94.31. The company’s stock had a trading volume of 153,312 shares, compared to its average volume of 2,648,164. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.42. Valero Energy Co. has a fifty-two week low of $68.81 and a fifty-two week high of $94.72. The stock’s 50-day moving average price is $83.94 and its two-hundred day moving average price is $82.22. The company has a market capitalization of $37.74 billion, a PE ratio of 12.77, a PEG ratio of 2.54 and a beta of 1.48.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $1.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.14. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. The business had revenue of $28.93 billion for the quarter, compared to analysts’ expectations of $25.45 billion. During the same quarter in the previous year, the firm posted $2.15 earnings per share. The company’s revenue was down 6.7% compared to the same quarter last year. On average, equities analysts predict that Valero Energy Co. will post 4.48 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the company. 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. Morgan Stanley upped their target price on Valero Energy from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wells Fargo & Co upped 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. 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 investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently 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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