Signature Estate & Investment Advisors LLC Lowers Holdings in Valero Energy Corporation $VLO

Signature Estate & Investment Advisors LLC decreased its stake in Valero Energy Corporation (NYSE:VLO) by 40.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,539 shares of the oil and gas company’s stock after selling 1,063 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Valero Energy were worth $207,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of VLO. Wayfinding Financial LLC purchased a new stake in shares of Valero Energy in the first quarter worth about $26,000. Hoey Investments Inc. purchased a new stake in shares of Valero Energy in the second quarter worth about $26,000. GFG Capital LLC purchased a new stake in shares of Valero Energy in the second quarter worth about $27,000. Hazlett Burt & Watson Inc. boosted its position in 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 purchasing an additional 130 shares in the last quarter. Finally, Hemington Wealth Management boosted its position in Valero Energy by 39.9% during the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on VLO shares. Wells Fargo & Company started coverage on Valero Energy in a research report on Friday, October 17th. They set an “overweight” rating and a $216.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, October 8th. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Morgan Stanley downgraded Valero Energy from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $160.00 to $175.00 in a research report on Friday, October 3rd. Finally, Jefferies Financial Group increased their price target on Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Three investment 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $173.27.

Valero Energy Stock Performance

NYSE VLO opened at $157.76 on Wednesday. The company has a market cap of $49.01 billion, a PE ratio of 65.73, a price-to-earnings-growth ratio of 1.61 and a beta of 1.05. The stock’s 50 day simple moving average is $157.05 and its 200-day simple moving average is $139.56. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year 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 released its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.62. The business had revenue of $29.89 billion for 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 business’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.71 earnings per share. As a group, equities research analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

About Valero Energy

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.