Encompass Capital Advisors LLC Invested in Valero Energy Co.

6 בדצמ׳ 2023

Encompass Capital Advisors LLC bought a new position in Valero Energy Co. (NYSE:VLO) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 150,000 shares of the oil and gas company's stock, valued at approximately $17,595,000.

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Other large investors have also added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in shares of Valero Energy by 110.8% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 215 shares of the oil and gas company's stock valued at $25,000 after acquiring an additional 113 shares during the period. Live Oak Investment Partners bought a new stake in shares of Valero Energy during the 4th quarter valued at $26,000. McIlrath & Eck LLC grew its position in shares of Valero Energy by 217.6% during the 1st quarter.

McIlrath & Eck LLC now owns 216 shares of the oil and gas company's stock valued at $30,000 after acquiring an additional 148 shares during the period. Quarry LP grew its position in shares of Valero Energy by 1,676.9% during the 1st quarter. Quarry LP now owns 231 shares of the oil and gas company's stock valued at $32,000 after acquiring an additional 218 shares during the period. Finally, Your Advocates Ltd. LLP grew its position in shares of Valero Energy by 190.0% during the 2nd quarter. Your Advocates Ltd. LLP now owns 290 shares of the oil and gas company's stock valued at $34,000 after acquiring an additional 190 shares during the period. Institutional investors own 77.07% of the company's stock.

NYSE:VLO traded down $2.88 during mid-day trading on Wednesday, hitting $122.77. 1,095,194 shares of the stock traded hands, compared to its average volume of 3,935,141. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $41.80 billion, a price-to-earnings ratio of 4.21, a PEG ratio of 0.85 and a beta of 1.51. The firm's 50 day moving average is $127.84 and its two-hundred day moving average is $125.61. Valero Energy Co. has a 52 week low of $104.18 and a 52 week high of $152.20.

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Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $7.49 earnings per share for the quarter, topping the consensus estimate of $7.36 by $0.13. Valero Energy had a net margin of 7.11% and a return on equity of 39.97%. The firm had revenue of $38.40 billion during the quarter, compared to analysts' expectations of $38.46 billion. During the same quarter in the prior year, the company earned $7.14 EPS. The company's revenue was down 13.6% compared to the same quarter last year. On average, equities research analysts predict that Valero Energy Co. will post 24.84 earnings per share for the current year.

Technical Analysis

The stock is currently trading below its 50-day and 200-day moving averages, which are $129.36 and $125.87, respectively. Indicating a bearish sentiment among investors. The stock is showing some signs of oversold conditions, as indicated by the stochastic oscillator and the relative strength index (RSI).

The stochastic oscillator is currently at 15.51%, which is below the oversold threshold of 20. The RSI is currently at 48.73%, which is near the middle of the range. It shows that the stock may be due for a bounce in the short term, as the selling pressure may have exhausted.

However, the stock is still facing downward pressure from the moving average convergence divergence (MACD) indicator.