Smithbridge Asset Management Inc. DE Has $1.82 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Smithbridge Asset Management Inc. DE raised its holdings in Valero Energy Co. (NYSE:VLO) by 37.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,487 shares of the oil and gas company’s stock after acquiring an additional 3,669 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Valero Energy were worth $1,821,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of VLO. Manning & Napier Advisors LLC bought a new stake in shares of Valero Energy in the 2nd quarter valued at $15,945,000. Allspring Global Investments Holdings LLC grew its holdings in Valero Energy by 1.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,293,589 shares of the oil and gas company’s stock worth $174,673,000 after acquiring an additional 22,571 shares during the period. 180 Wealth Advisors LLC acquired a new stake in Valero Energy during the 2nd quarter worth about $535,000. UniSuper Management Pty Ltd lifted its stake in shares of Valero Energy by 223.1% in the 1st quarter. UniSuper Management Pty Ltd now owns 10,796 shares of the oil and gas company’s stock valued at $1,843,000 after purchasing an additional 7,455 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Valero Energy by 23.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 42,716 shares of the oil and gas company’s stock valued at $6,696,000 after purchasing an additional 8,198 shares during the period. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. StockNews.com lowered Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Citigroup cut their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Friday. JPMorgan Chase & Co. lowered their target price on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Wells Fargo & Company raised shares of Valero Energy from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $172.00 to $165.00 in a research report on Wednesday, October 9th. Finally, Barclays lowered their price objective on shares of Valero Energy from $165.00 to $146.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and a consensus target price of $154.53.

Valero Energy Stock Performance

NYSE:VLO traded down $0.87 on Monday, reaching $131.53. 240,885 shares of the company’s stock were exchanged, compared to its average volume of 2,972,596. The stock has a fifty day simple moving average of $138.20 and a 200-day simple moving average of $149.77. Valero Energy Co. has a 52 week low of $119.88 and a 52 week high of $184.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. The firm has a market cap of $42.14 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 3.45 and a beta of 1.39.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.01%. The business had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. During the same period in the previous year, the business earned $7.49 EPS. Valero Energy’s revenue was down 14.4% compared to the same quarter last year. As a group, sell-side analysts predict that Valero Energy Co. will post 9.6 earnings per share for the current year.

About Valero Energy

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.