Bell & Brown Wealth Advisors LLC Sells 183 Shares of Valero Energy Corporation $VLO

Bell & Brown Wealth Advisors LLC reduced its stake in Valero Energy Corporation (NYSE:VLO) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,640 shares of the oil and gas company’s stock after selling 183 shares during the period. Valero Energy makes up approximately 2.0% of Bell & Brown Wealth Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Bell & Brown Wealth Advisors LLC’s holdings in Valero Energy were worth $5,730,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Broadway Wealth Solutions Inc. boosted its stake in shares of Valero Energy by 3.8% in the second quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock valued at $251,000 after buying an additional 69 shares during the period. Park Place Capital Corp boosted its stake in shares of Valero Energy by 21.8% in the second quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock valued at $58,000 after buying an additional 75 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Valero Energy by 1.4% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock valued at $732,000 after buying an additional 78 shares during the period. Summit Financial LLC boosted its stake in shares of Valero Energy by 4.6% in the first quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock valued at $239,000 after buying an additional 79 shares during the period. Finally, Keeley Teton Advisors LLC boosted its stake in shares of Valero Energy by 1.1% in the first quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock valued at $1,025,000 after buying an additional 81 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VLO. Raymond James Financial restated a “strong-buy” rating and set a $181.00 price objective (up from $177.00) on shares of Valero Energy in a research report on Friday. Wolfe Research downgraded shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Barclays boosted their price objective on shares of Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Mizuho boosted their price objective on shares of Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Finally, Bank of America upgraded shares of 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 report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $173.27.

Valero Energy Stock Up 0.8%

Shares of NYSE:VLO opened at $157.62 on Friday. The company has a fifty day moving average of $155.99 and a 200-day moving average of $138.84. The company has a market capitalization of $48.96 billion, a PE ratio of 65.68, a price-to-earnings-growth ratio of 1.61 and a beta of 1.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $178.43.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results 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 company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.71 earnings per share. On average, equities analysts predict that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Company 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.