Valero Energy Corporation $VLO Shares Sold by Wealth Management Associates Inc.

Wealth Management Associates Inc. reduced its position in shares of Valero Energy Corporation (NYSE:VLO) by 7.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,825 shares of the oil and gas company’s stock after selling 295 shares during the period. Wealth Management Associates Inc.’s holdings in Valero Energy were worth $514,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Valero Energy by 12.0% during the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock worth $5,135,043,000 after acquiring an additional 4,155,522 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Valero Energy by 6.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock valued at $1,510,586,000 after purchasing an additional 736,533 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Valero Energy by 276.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock valued at $1,425,754,000 after purchasing an additional 7,931,018 shares during the period. Invesco Ltd. boosted its position in shares of Valero Energy by 34.1% in the 1st quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock valued at $647,823,000 after purchasing an additional 1,247,196 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Valero Energy in the 1st quarter valued at $529,864,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Trading Down 2.9%

Shares of NYSE VLO opened at $169.34 on Wednesday. Valero Energy Corporation has a one year low of $99.00 and a one year high of $178.43. The firm has a market capitalization of $52.61 billion, a PE ratio of 35.35, a PEG ratio of 1.88 and a beta of 1.05. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $160.37 and a two-hundred day moving average price of $141.88.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $28.80 billion. During the same period last year, the company posted $1.14 EPS. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VLO. Wolfe Research lowered Valero Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Wall Street Zen upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on Valero Energy from $177.00 to $197.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $195.00 price objective (up from $181.00) on shares of Valero Energy in a research report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $179.27.

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.