Generali Asset Management SPA SGR Reduces Stake in Valero Energy Corporation $VLO

Generali Asset Management SPA SGR cut its stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 33.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,014 shares of the oil and gas company's stock after selling 20,663 shares during the period. Generali Asset Management SPA SGR's holdings in Valero Energy were worth $5,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Private Wealth Asset Management LLC lifted its stake in shares of Valero Energy by 118.8% in the 2nd quarter. Private Wealth Asset Management LLC now owns 803 shares of the oil and gas company's stock valued at $108,000 after purchasing an additional 436 shares during the last quarter. Sagespring Wealth Partners LLC lifted its stake in shares of Valero Energy by 66.7% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 4,240 shares of the oil and gas company's stock valued at $570,000 after purchasing an additional 1,696 shares during the last quarter. Kiker Wealth Management LLC lifted its stake in shares of Valero Energy by 466.1% in the 2nd quarter. Kiker Wealth Management LLC now owns 334 shares of the oil and gas company's stock valued at $45,000 after purchasing an additional 275 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of Valero Energy by 127.8% in the 2nd quarter. Axxcess Wealth Management LLC now owns 6,493 shares of the oil and gas company's stock valued at $873,000 after purchasing an additional 3,643 shares during the last quarter. Finally, Hudson Capital Management LLC lifted its stake in shares of Valero Energy by 3.3% in the 2nd quarter. Hudson Capital Management LLC now owns 34,616 shares of the oil and gas company's stock valued at $4,653,000 after purchasing an additional 1,105 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Price Performance

Shares of VLO opened at $161.13 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The stock has a market capitalization of $50.06 billion, a PE ratio of 67.14, a PEG ratio of 1.67 and a beta of 1.05. The company has a 50 day moving average price of $155.02 and a 200-day moving average price of $138.51. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $178.43.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, beating the consensus estimate of $1.66 by $0.62. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $27 billion. During the same period in the prior year, the firm posted $2.71 earnings per share. The company's quarterly revenue was down 13.3% on a year-over-year basis. Equities analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Evercore ISI raised their price objective on Valero Energy from $135.00 to $185.00 and gave the company an "in-line" rating in a research note on Friday, September 19th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Valero Energy in a research note on Wednesday, October 8th. Morgan Stanley downgraded Valero Energy from an "overweight" rating to an "equal weight" rating and increased their price target for the stock from $160.00 to $175.00 in a report on Friday, October 3rd. Wells Fargo & Company boosted their price objective on Valero Energy from $151.00 to $168.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Finally, Wolfe Research lowered Valero Energy from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $169.80.

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.

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