Atria Wealth Solutions Inc. Sells 9,382 Shares of Valero Energy Corporation $VLO

Atria Wealth Solutions Inc. cut its stake in shares of Valero Energy Corporation (NYSE:VLO) by 54.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,767 shares of the oil and gas company’s stock after selling 9,382 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Valero Energy were worth $1,051,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in VLO. GAMMA Investing LLC grew its stake in shares of Valero Energy by 17.3% during the 1st quarter. GAMMA Investing LLC now owns 10,265 shares of the oil and gas company’s stock valued at $1,356,000 after acquiring an additional 1,516 shares during the period. Sagespring Wealth Partners LLC grew its stake in shares of Valero Energy by 42.3% during the 1st quarter. Sagespring Wealth Partners LLC now owns 2,544 shares of the oil and gas company’s stock valued at $336,000 after acquiring an additional 756 shares during the period. Kingswood Wealth Advisors LLC grew its stake in shares of Valero Energy by 78.9% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 11,363 shares of the oil and gas company’s stock valued at $1,517,000 after acquiring an additional 5,012 shares during the period. CWA Asset Management Group LLC bought a new position in shares of Valero Energy during the 1st quarter valued at approximately $213,000. Finally, State of Alaska Department of Revenue grew its stake in shares of Valero Energy by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 37,099 shares of the oil and gas company’s stock valued at $4,899,000 after acquiring an additional 1,005 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Evercore ISI upped their price target on Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a research note on Friday, September 19th. Wolfe Research downgraded Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Citigroup downgraded Valero Energy from a “buy” rating to a “neutral” rating and upped their price target for the stock from $134.00 to $150.00 in a research note on Wednesday, July 16th. Weiss Ratings restated a “hold (c)” rating on shares of Valero Energy in a research note on Wednesday, October 8th. Finally, Mizuho upped their price target on Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $173.27.

Valero Energy Stock Up 0.8%

Shares of VLO opened at $157.62 on Friday. The stock has a market capitalization of $48.96 billion, a price-to-earnings ratio of 65.68, a price-to-earnings-growth ratio of 1.61 and a beta of 1.05. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $178.43. The business’s 50 day simple moving average is $155.99 and its 200-day simple moving average is $138.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11.

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 (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.62. The business had revenue of $29.89 billion for the quarter, compared to analysts’ expectations of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The company’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.71 EPS. As a group, equities analysts expect that Valero Energy Corporation will post 7.92 earnings per share 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.