Brookstone Capital Management Makes New Investment in Valero Energy Co. (NYSE:VLO)

Brookstone Capital Management acquired a new position in Valero Energy Co. (NYSE:VLO) in the third quarter, HoldingsChannel.com reports. The fund acquired 5,706 shares of the oil and gas company’s stock, valued at approximately $247,000.

Several other institutional investors have also recently modified their holdings of the business. Verus Capital Partners LLC raised its position in shares of Valero Energy by 18.4% in the first quarter. Verus Capital Partners LLC now owns 1,003 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 156 shares during the period. National Asset Management Inc. raised its position in shares of Valero Energy by 0.9% in the second quarter. National Asset Management Inc. now owns 21,435 shares of the oil and gas company’s stock worth $1,262,000 after acquiring an additional 181 shares during the period. Covenant Asset Management LLC raised its position in shares of Valero Energy by 1.8% during the 2nd quarter. Covenant Asset Management LLC now owns 11,112 shares of the oil and gas company’s stock worth $654,000 after purchasing an additional 193 shares during the last quarter. Ropes Wealth Advisors LLC raised its position in shares of Valero Energy by 3.5% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 6,017 shares of the oil and gas company’s stock worth $354,000 after purchasing an additional 205 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in shares of Valero Energy by 0.6% during the 2nd quarter. Sunbelt Securities Inc. now owns 32,100 shares of the oil and gas company’s stock worth $1,888,000 after purchasing an additional 206 shares during the last quarter. Institutional investors and hedge funds own 73.55% of the company’s stock.

VLO stock opened at $40.22 on Friday. The firm has a 50-day moving average of $46.67 and a two-hundred day moving average of $54.77. Valero Energy Co. has a 12 month low of $31.00 and a 12 month high of $101.99. The company has a current ratio of 1.75, a quick ratio of 1.01 and a debt-to-equity ratio of 0.59. The company has a market cap of $16.40 billion, a price-to-earnings ratio of 15.53 and a beta of 1.82.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas company reported ($1.25) earnings per share for the quarter, beating the consensus estimate of ($1.41) by $0.16. Valero Energy had a net margin of 1.22% and a return on equity of 5.30%. The business had revenue of $10.40 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the prior year, the company posted $1.51 EPS. The business’s revenue for the quarter was down 64.1% on a year-over-year basis. As a group, equities analysts forecast that Valero Energy Co. will post -2.31 earnings per share for the current year.

Several research firms recently weighed in on VLO. Citigroup upped their price target on shares of Valero Energy from $60.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Goldman Sachs Group downgraded shares of Valero Energy from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $48.00 to $37.00 in a research report on Thursday, October 1st. Jefferies Financial Group upgraded shares of Valero Energy from a “hold” rating to a “buy” rating and reduced their price target for the stock from $65.00 to $62.00 in a research report on Monday, July 20th. Barclays reduced their price target on shares of Valero Energy from $71.00 to $62.00 and set an “overweight” rating for the company in a research report on Tuesday, October 6th. Finally, Piper Sandler upped their price target on shares of Valero Energy from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. Valero Energy currently has an average rating of “Buy” and a consensus price target of $69.00.

Valero Energy Profile

Valero Energy Corporation manufactures and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and Renewable Diesel. 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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