Old Port Advisors Reduces Stock Position in Valero Energy Co. (NYSE:VLO)

Old Port Advisors reduced its holdings in shares of Valero Energy Co. (NYSE:VLO) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,284 shares of the oil and gas company’s stock after selling 281 shares during the quarter. Old Port Advisors’ holdings in Valero Energy were worth $714,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. boosted its stake in Valero Energy by 2.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock valued at $1,090,532,000 after acquiring an additional 192,397 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Valero Energy by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock worth $677,007,000 after purchasing an additional 237,347 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Valero Energy by 1.9% during the second quarter. Pacer Advisors Inc. now owns 3,018,107 shares of the oil and gas company’s stock worth $473,118,000 after purchasing an additional 56,989 shares during the last quarter. Legal & General Group Plc grew its stake in Valero Energy by 3.0% in the second quarter. Legal & General Group Plc now owns 2,809,355 shares of the oil and gas company’s stock worth $440,394,000 after purchasing an additional 82,539 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Valero Energy by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,063,923 shares of the oil and gas company’s stock valued at $352,292,000 after buying an additional 65,632 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Trading Down 0.1 %

Shares of VLO stock opened at $132.31 on Tuesday. The firm has a market capitalization of $42.39 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 3.45 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. Valero Energy Co. has a 1 year low of $119.88 and a 1 year high of $184.79. The stock has a fifty day moving average of $137.89 and a two-hundred day moving average of $149.45.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on VLO shares. Citigroup decreased their target price on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Friday. StockNews.com downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. BMO Capital Markets dropped their target price on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Barclays decreased their price target on shares of Valero Energy from $165.00 to $146.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Finally, Bank of America began coverage on shares of Valero Energy in a research note on Thursday, October 17th. They set a “neutral” rating and a $150.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $154.53.

Valero Energy Profile

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.