Segment Wealth Management LLC Cuts Stake in Valero Energy Co. (NYSE:VLO)

Segment Wealth Management LLC lessened its stake in shares of Valero Energy Co. (NYSE:VLO) by 18.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,866 shares of the oil and gas company’s stock after selling 1,065 shares during the quarter. Segment Wealth Management LLC’s holdings in Valero Energy were worth $657,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. EdgeRock Capital LLC purchased a new stake in shares of Valero Energy during the 2nd quarter valued at about $27,000. Lynx Investment Advisory purchased a new stake in shares of Valero Energy during the 2nd quarter valued at about $29,000. Summit Securities Group LLC bought a new position in shares of Valero Energy in the 2nd quarter worth approximately $31,000. Pathway Financial Advisers LLC bought a new position in shares of Valero Energy in the 1st quarter worth approximately $33,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Valero Energy in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Down 2.1 %

Shares of VLO opened at $132.89 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. Valero Energy Co. has a 1 year low of $119.88 and a 1 year high of $184.79. The company has a 50 day simple moving average of $138.91 and a two-hundred day simple moving average of $150.60. The firm has a market cap of $43.45 billion, a P/E ratio of 6.58, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.60 by $0.11. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The firm had revenue of $34.49 billion during the quarter, compared to analyst estimates of $32.97 billion. During the same period last year, the firm posted $5.40 earnings per share. Valero Energy’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts expect that Valero Energy Co. will post 9.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VLO shares. Scotiabank lowered their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. JPMorgan Chase & Co. lowered their price objective on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Wells Fargo & Company upgraded shares of Valero Energy from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $172.00 to $165.00 in a research note on Wednesday, October 9th. Wolfe Research assumed coverage on shares of Valero Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price objective on the stock. Finally, Bank of America assumed coverage on shares of Valero Energy in a research note on Thursday, October 17th. They set a “neutral” rating and a $150.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and an average price target of $158.60.

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.