Brighton Jones LLC Sells 173 Shares of Valero Energy Co. (NYSE:VLO)

Brighton Jones LLC trimmed its holdings in Valero Energy Co. (NYSE:VLO) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,267 shares of the oil and gas company’s stock after selling 173 shares during the period. Brighton Jones LLC’s holdings in Valero Energy were worth $306,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VLO. International Assets Investment Management LLC boosted its holdings in shares of Valero Energy by 11,318.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock worth $145,339,000 after buying an additional 1,066,923 shares during the period. Greenleaf Trust lifted its position in Valero Energy by 9.6% during the third quarter. Greenleaf Trust now owns 6,647 shares of the oil and gas company’s stock worth $898,000 after acquiring an additional 582 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Valero Energy by 307.8% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 6,599 shares of the oil and gas company’s stock worth $892,000 after acquiring an additional 4,981 shares during the period. Meadow Creek Wealth Advisors LLC grew its position in shares of Valero Energy by 10.2% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 2,326 shares of the oil and gas company’s stock valued at $314,000 after purchasing an additional 215 shares during the last quarter. Finally, Community Trust & Investment Co. increased its stake in shares of Valero Energy by 5.7% during the third quarter. Community Trust & Investment Co. now owns 20,405 shares of the oil and gas company’s stock worth $2,755,000 after purchasing an additional 1,093 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on VLO shares. Piper Sandler lowered Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $169.00 to $123.00 in a report on Friday, September 20th. JPMorgan Chase & Co. decreased their price target on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Bank of America began coverage on shares of Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price objective for the company. Wolfe Research started coverage on shares of Valero Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $177.00 target price on the stock. Finally, TD Cowen dropped their price target on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $154.53.

Valero Energy Price Performance

Shares of VLO stock opened at $132.40 on Friday. The business has a fifty day simple moving average of $138.20 and a 200 day simple moving average of $150.13. The company has a market cap of $42.42 billion, a P/E ratio of 7.57, a P/E/G ratio of 3.53 and a beta of 1.39. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The firm had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.49 earnings per share. On average, sell-side analysts forecast that Valero Energy Co. will post 9.6 EPS for the current fiscal year.

Valero Energy 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.