Valero Energy Corporation $VLO Shares Sold by Huntleigh Advisors Inc.

by · The Cerbat Gem

Huntleigh Advisors Inc. cut its position in Valero Energy Corporation (NYSE:VLO – Free Report) by 20.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,890 shares of the oil and gas company’s stock after selling 3,000 shares during the period. Huntleigh Advisors Inc.’s holdings in Valero Energy were worth $1,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position 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 buying an additional 4,155,522 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Valero Energy by 6.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock worth $1,510,586,000 after buying an additional 736,533 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Valero Energy by 276.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock worth $1,425,754,000 after buying an additional 7,931,018 shares in the last quarter. Invesco Ltd. lifted its position in Valero Energy by 34.1% during the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock worth $647,823,000 after buying an additional 1,247,196 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Valero Energy during the first quarter worth approximately $529,864,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Up 0.8%

Shares of NYSE:VLO opened at $157.62 on Friday. The business has a 50-day moving average price of $155.99 and a 200 day moving average price of $138.84. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $48.96 billion, a price-to-earnings ratio of 65.68, a PEG ratio of 1.61 and a beta of 1.05. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $178.43.

Valero Energy (NYSE:VLO – Get Free Report) 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 analysts’ consensus estimates of $1.66 by $0.62. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The company’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period last year, the company earned $2.71 EPS. Sell-side analysts expect that Valero Energy Corporation will post 7.92 EPS for the current year.

Analyst Ratings Changes

VLO has been the topic of a number of analyst reports. Mizuho lifted their price objective on Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $152.00 to $179.00 in a research report on Wednesday, September 3rd. TD Cowen downgraded Valero Energy from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Barclays lifted their price objective on Valero Energy from $151.00 to $169.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Finally, UBS Group lifted their price objective on Valero Energy from $165.00 to $183.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and a consensus price target of $173.27.

Read Our Latest Research Report on VLO

Valero Energy Company Profile

(Free Report)

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.

Further Reading

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