Ritholtz Wealth Management Trims Position in Valero Energy Corporation $VLO

Ritholtz Wealth Management trimmed its holdings in Valero Energy Corporation (NYSE:VLO) by 3.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 10,972 shares of the oil and gas company’s stock after selling 359 shares during the quarter. Ritholtz Wealth Management’s holdings in Valero Energy were worth $1,475,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in VLO. Hoey Investments Inc. acquired a new position in shares of Valero Energy during the second quarter worth about $26,000. Wayfinding Financial LLC acquired a new position in shares of Valero Energy during the first quarter worth about $26,000. GFG Capital LLC acquired a new position in shares of Valero Energy during the second quarter worth about $27,000. Hazlett Burt & Watson Inc. increased its stake in shares of Valero Energy by 156.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 130 shares during the period. Finally, Ransom Advisory Ltd acquired a new position in shares of Valero Energy during the first quarter worth about $43,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VLO has been the topic of a number of recent analyst reports. TD Cowen lowered shares of Valero Energy from a “buy” rating to a “hold” rating and boosted their price target for the stock from $118.00 to $140.00 in a research note on Tuesday, July 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a research note on Wednesday, October 8th. Piper Sandler raised their price objective on Valero Energy from $171.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, September 11th. Mizuho raised their price objective on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Finally, Wolfe Research downgraded Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.27.

Valero Energy Stock Up 0.8%

VLO stock opened at $157.62 on Friday. The company’s 50 day simple moving average is $155.99 and its 200-day simple moving average is $138.84. The firm has a market capitalization of $48.96 billion, a PE ratio of 65.68, a P/E/G 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. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO) last announced its earnings results 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. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $27 billion. During the same quarter last year, the business earned $2.71 earnings per share. Valero Energy’s revenue was down 13.3% compared to the same quarter last year. Equities analysts expect that Valero Energy Corporation will post 7.92 earnings per share 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.