Intercontinental Wealth Advisors LLC Buys Shares of 26,000 Valero Energy Co. (NYSE:VLO)

Intercontinental Wealth Advisors LLC bought a new stake in Valero Energy Co. (NYSE:VLO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 26,000 shares of the oil and gas company’s stock, valued at approximately $2,216,000. Valero Energy comprises about 1.4% of Intercontinental Wealth Advisors LLC’s holdings, making the stock its 15th biggest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisory Alpha LLC acquired a new stake in Valero Energy in the 1st quarter valued at approximately $27,000. Archford Capital Strategies LLC grew its holdings in Valero Energy by 122.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 200 shares during the last quarter. Titan Capital Management LLC CA acquired a new stake in Valero Energy in the 2nd quarter valued at approximately $32,000. Stonebridge Capital Advisors LLC acquired a new stake in Valero Energy in the 2nd quarter valued at approximately $32,000. Finally, Griffin Asset Management Inc. acquired a new stake in Valero Energy in the 2nd quarter valued at approximately $34,000. 76.33% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:VLO traded up $1.75 during trading on Wednesday, hitting $85.07. 2,785,013 shares of the stock were exchanged, compared to its average volume of 3,508,658. Valero Energy Co. has a 1-year low of $68.81 and a 1-year high of $116.15. The company has a market capitalization of $35.03 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 2.26 and a beta of 1.48. The company’s fifty day simple moving average is $80.39 and its 200-day simple moving average is $81.96. 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 (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share 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 company had revenue of $28.93 billion for the quarter, compared to analyst estimates of $25.45 billion. During the same quarter last year, the firm earned $2.15 EPS. Valero Energy’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, research analysts forecast that Valero Energy Co. will post 4.67 earnings per share for the current fiscal year.

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