E&G Advisors LP Sells 80 Shares of Valero Energy Co. (NYSE:VLO)

E&G Advisors LP reduced its stake in shares of Valero Energy Co. (NYSE:VLO) by 1.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,060 shares of the oil and gas company’s stock after selling 80 shares during the quarter. E&G Advisors LP’s holdings in Valero Energy were worth $683,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Park Avenue Securities LLC increased its stake in shares of Valero Energy by 8.4% in the 1st quarter. Park Avenue Securities LLC now owns 14,602 shares of the oil and gas company’s stock valued at $2,492,000 after buying an additional 1,131 shares during the period. Marcum Wealth LLC bought a new stake in Valero Energy during the 1st quarter worth about $204,000. RFG Advisory LLC lifted its position in Valero Energy by 99.1% during the 1st quarter. RFG Advisory LLC now owns 4,533 shares of the oil and gas company’s stock valued at $774,000 after purchasing an additional 2,256 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Valero Energy by 12.0% in the 1st quarter. International Assets Investment Management LLC now owns 9,026 shares of the oil and gas company’s stock valued at $1,558,000 after purchasing an additional 969 shares during the last quarter. Finally, Bangor Savings Bank grew its position in shares of Valero Energy by 10.0% during the 1st quarter. Bangor Savings Bank now owns 4,869 shares of the oil and gas company’s stock worth $831,000 after buying an additional 442 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Bank of America started coverage on shares of Valero Energy in a report on Thursday. They issued a “neutral” rating and a $150.00 price objective on the stock. BMO Capital Markets cut their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Mizuho decreased their price objective on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Scotiabank cut their target price on 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. Finally, Barclays decreased their target price on Valero Energy from $165.00 to $146.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. One 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $158.60.

Valero Energy Trading Up 0.3 %

Shares of NYSE:VLO opened at $137.04 on Friday. The firm has a market cap of $43.90 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 3.53 and a beta of 1.39. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. Valero Energy Co. has a 12 month low of $119.88 and a 12 month high of $184.79. The company’s fifty day simple moving average is $139.77 and its 200 day simple moving average is $151.58.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.60 by $0.11. The company had revenue of $34.49 billion for the quarter, compared to analyst estimates of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $5.40 earnings per share. As a group, research analysts forecast 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.