Valero Energy Corporation $VLO Shares Sold by Smithbridge Asset Management Inc. DE

by · The Cerbat Gem

Smithbridge Asset Management Inc. DE trimmed its holdings in Valero Energy Corporation (NYSE:VLO – Free Report) by 5.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,337 shares of the oil and gas company’s stock after selling 624 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Valero Energy were worth $1,524,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Valero Energy by 12.0% in the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock valued at $5,135,043,000 after purchasing an additional 4,155,522 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Valero Energy by 6.9% in the first 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Valero Energy by 276.9% in the first 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 acquiring an additional 7,931,018 shares during the period. Invesco Ltd. boosted its holdings in shares of Valero Energy by 34.1% in the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock valued at $647,823,000 after acquiring an additional 1,247,196 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Valero Energy in the first quarter valued at approximately $529,864,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Down 2.8%

VLO opened at $156.40 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. The stock has a market capitalization of $48.59 billion, a price-to-earnings ratio of 65.17, a price-to-earnings-growth ratio of 1.65 and a beta of 1.05. The business has a 50-day moving average of $155.50 and a two-hundred day moving average of $138.68. 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 posted its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, beating the consensus estimate of $1.66 by $0.62. The company had revenue of $29.89 billion during 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 firm’s revenue was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.71 EPS. On average, research analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

VLO has been the subject of several research analyst reports. Piper Sandler increased their price objective on Valero Energy from $171.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, September 11th. UBS Group upped their price target on Valero Energy from $165.00 to $183.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. TD Cowen cut Valero Energy from a “buy” rating to a “hold” rating and upped their price target for the stock from $118.00 to $140.00 in a research note on Tuesday, July 22nd. Mizuho increased 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. Finally, Citigroup cut Valero Energy from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $134.00 to $150.00 in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and an average price target of $169.80.

Read Our Latest Research Report on Valero Energy

About Valero Energy

(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.

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