Stratos Wealth Advisors LLC Has $599,000 Stock Holdings in Valero Energy Corporation $VLO

Stratos Wealth Advisors LLC cut its stake in Valero Energy Corporation (NYSE:VLO) by 12.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,453 shares of the oil and gas company’s stock after selling 605 shares during the period. Stratos Wealth Advisors LLC’s holdings in Valero Energy were worth $599,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Broadway Wealth Solutions Inc. raised its holdings in Valero Energy by 3.8% in the 2nd quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock valued at $251,000 after acquiring an additional 69 shares in the last quarter. Park Place Capital Corp raised its holdings in Valero Energy by 21.8% in the 2nd quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 75 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in Valero Energy by 1.4% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock valued at $732,000 after acquiring an additional 78 shares in the last quarter. Summit Financial LLC raised its holdings in Valero Energy by 4.6% in the 1st quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock valued at $239,000 after acquiring an additional 79 shares in the last quarter. Finally, Keeley Teton Advisors LLC raised its holdings in Valero Energy by 1.1% in the 1st quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock valued at $1,025,000 after acquiring an additional 81 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Barclays lifted their price target on Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Evercore ISI lifted their price target 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. Morgan Stanley lowered Valero Energy from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $160.00 to $175.00 in a research note on Friday, October 3rd. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $181.00 price target (up previously from $177.00) on shares of Valero Energy in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $173.27.

Valero Energy Trading Up 0.8%

Shares of VLO stock opened at $157.62 on Monday. The firm has a market capitalization of $48.96 billion, a P/E ratio of 65.68, a P/E/G ratio of 1.59 and a beta of 1.05. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The stock’s fifty day simple moving average is $155.99 and its 200 day simple moving average is $139.05.

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

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.