Valero Energy Corporation $VLO Shares Sold by IFP Advisors Inc

IFP Advisors Inc cut its holdings in Valero Energy Corporation (NYSE:VLO - Free Report) by 71.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,618 shares of the oil and gas company's stock after selling 6,665 shares during the quarter. IFP Advisors Inc's holdings in Valero Energy were worth $352,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in VLO. Wayfinding Financial LLC acquired a new position in shares of Valero Energy during the first quarter worth about $26,000. Hoey Investments Inc. acquired a new position in shares of Valero Energy during the second quarter worth about $26,000. GFG Capital LLC acquired a new position in shares of Valero Energy during the second quarter worth about $27,000. Hazlett Burt & Watson Inc. increased its stake in shares of Valero Energy by 156.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 130 shares during the period. Finally, Hemington Wealth Management increased its stake in shares of Valero Energy by 39.9% during the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company's stock worth $43,000 after acquiring an additional 95 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Trading Down 0.7%

Shares of Valero Energy stock opened at $161.13 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $178.43. The company has a market capitalization of $50.06 billion, a P/E ratio of 67.14, a P/E/G ratio of 1.67 and a beta of 1.05. The business has a 50 day moving average price of $155.02 and a 200 day moving average price of $138.51.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. TD Cowen lowered shares of Valero Energy from a "buy" rating to a "hold" rating and boosted their price target for the stock from $118.00 to $140.00 in a research note on Tuesday, July 22nd. Raymond James Financial boosted their price objective on shares of Valero Energy from $170.00 to $177.00 and gave the stock a "strong-buy" rating in a report on Tuesday, September 9th. Wells Fargo & Company boosted their price objective on shares of Valero Energy from $151.00 to $168.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Piper Sandler boosted their price objective on shares of Valero Energy from $171.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, September 11th. Finally, UBS Group boosted their price objective on shares of Valero Energy from $165.00 to $183.00 and gave the stock a "buy" rating in a report on Monday, September 22nd. Two investment 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $169.80.

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.

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