Commonwealth Equity Services LLC Trims Stock Position in Valero Energy Co. (NYSE:VLO)

Commonwealth Equity Services LLC cut its position in Valero Energy Co. (NYSE:VLO) by 18.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,825 shares of the oil and gas company’s stock after selling 51,812 shares during the quarter. Commonwealth Equity Services LLC owned about 0.07% of Valero Energy worth $31,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Manning & Napier Advisors LLC bought a new position in shares of Valero Energy in the second quarter worth approximately $15,945,000. 180 Wealth Advisors LLC bought a new stake in shares of Valero Energy during the 2nd quarter worth $535,000. UniSuper Management Pty Ltd grew its position in Valero Energy by 223.1% in the first quarter. UniSuper Management Pty Ltd now owns 10,796 shares of the oil and gas company’s stock worth $1,843,000 after acquiring an additional 7,455 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Valero Energy by 23.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 42,716 shares of the oil and gas company’s stock valued at $6,696,000 after acquiring an additional 8,198 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in Valero Energy by 54.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 18,717 shares of the oil and gas company’s stock valued at $3,195,000 after purchasing an additional 6,593 shares in the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Trading Down 1.1 %

Shares of VLO opened at $135.51 on Tuesday. Valero Energy Co. has a 1-year low of $119.88 and a 1-year high of $184.79. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $139.45 and its 200-day moving average price is $151.06. The firm has a market capitalization of $43.41 billion, a price-to-earnings ratio of 7.74, a PEG 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, topping analysts’ consensus estimates of $2.60 by $0.11. The firm had revenue of $34.49 billion for the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.40 EPS. Sell-side analysts anticipate that Valero Energy Co. will post 9.6 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on VLO shares. Piper Sandler cut Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $169.00 to $123.00 in a report on Friday, September 20th. Mizuho decreased their price target on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. JPMorgan Chase & Co. cut their price objective on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Barclays decreased their target price on shares of Valero Energy from $165.00 to $146.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Finally, BMO Capital Markets cut their price target on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus target price of $158.60.

Valero Energy Company 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.