Valero Energy Co. (NYSE:VLO) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its holdings in Valero Energy Co. (NYSE:VLO) by 62.1% in the third quarter, HoldingsChannel.com reports. The firm owned 99,735 shares of the oil and gas company’s stock after selling 163,269 shares during the period. Assenagon Asset Management S.A.’s holdings in Valero Energy were worth $13,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in VLO. EdgeRock Capital LLC bought a new stake in shares of Valero Energy in the 2nd quarter worth approximately $27,000. Lynx Investment Advisory acquired a new stake in Valero Energy in the second quarter worth $29,000. Summit Securities Group LLC bought a new stake in Valero Energy in the second quarter valued at $31,000. Pathway Financial Advisers LLC acquired a new position in shares of Valero Energy during the first quarter valued at $33,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Valero Energy during the third quarter worth about $34,000. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Friday. TD Cowen reduced their price objective on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday. The Goldman Sachs Group lowered their target price on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday, September 16th. JPMorgan Chase & Co. reduced their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Finally, Barclays lowered their price target on Valero Energy from $165.00 to $146.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $154.53.

Valero Energy Trading Up 0.8 %

Shares of NYSE:VLO opened at $132.40 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. The stock has a market capitalization of $43.29 billion, a price-to-earnings ratio of 6.56, a PEG ratio of 3.53 and a beta of 1.39. 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 moving average price of $138.20 and a 200 day moving average price of $149.77.

Valero Energy (NYSE:VLO) last released 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 analyst estimates of $31.04 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The company’s revenue was down 14.4% compared to the same quarter last year. During the same period last year, the company posted $7.49 EPS. On average, research analysts anticipate that Valero Energy Co. will post 9.6 EPS for the current fiscal year.

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.