Focus Partners Advisor Solutions LLC Sells 582 Shares of Valero Energy Corporation $VLO

Focus Partners Advisor Solutions LLC reduced its position in shares of Valero Energy Corporation (NYSE:VLO) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,970 shares of the oil and gas company’s stock after selling 582 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Valero Energy were worth $1,341,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in VLO. Golden State Wealth Management LLC lifted its position in shares of Valero Energy by 135.0% during the first quarter. Golden State Wealth Management LLC now owns 731 shares of the oil and gas company’s stock valued at $97,000 after purchasing an additional 420 shares in the last quarter. Transcend Capital Advisors LLC boosted its holdings in shares of Valero Energy by 28.3% in the 1st quarter. Transcend Capital Advisors LLC now owns 2,276 shares of the oil and gas company’s stock worth $301,000 after buying an additional 502 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Valero Energy by 1.2% in the 1st quarter. Amalgamated Bank now owns 61,335 shares of the oil and gas company’s stock worth $8,101,000 after buying an additional 702 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in shares of Valero Energy by 29.7% in the 1st quarter. Westside Investment Management Inc. now owns 886 shares of the oil and gas company’s stock worth $117,000 after buying an additional 203 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of Valero Energy by 2.1% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 7,846 shares of the oil and gas company’s stock worth $1,036,000 after buying an additional 162 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Trading Up 1.8%

Shares of VLO opened at $174.18 on Tuesday. The business’s 50-day moving average price is $159.73 and its 200-day moving average price is $141.45. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The stock has a market cap of $54.11 billion, a PE ratio of 36.36, a P/E/G ratio of 1.92 and a beta of 1.05. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 0.36.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.51. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The firm had revenue of $32.17 billion for the quarter, compared to analysts’ expectations of $28.80 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The company’s revenue was down 2.2% on a year-over-year basis. On average, equities analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on VLO shares. Citigroup downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $134.00 to $150.00 in a report on Wednesday, July 16th. Wolfe Research cut Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Morgan Stanley cut Valero Energy from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $160.00 to $175.00 in a research note on Friday, October 3rd. Finally, Evercore ISI boosted their price objective 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. 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $179.27.

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.