Argonautica Private Wealth Management Inc. Sells 665 Shares of Valero Energy Corporation $VLO

Argonautica Private Wealth Management Inc. lowered its stake in shares of Valero Energy Corporation (NYSE:VLO) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,467 shares of the oil and gas company’s stock after selling 665 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Valero Energy were worth $2,482,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Broadway Wealth Solutions Inc. grew its holdings in Valero Energy by 3.8% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock worth $251,000 after acquiring an additional 69 shares during the last quarter. Park Place Capital Corp grew its holdings in Valero Energy by 21.8% during the 2nd quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 75 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Valero Energy by 1.4% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock valued at $732,000 after purchasing an additional 78 shares during the last quarter. Summit Financial LLC boosted its stake in shares of Valero Energy by 4.6% in the 1st quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock valued at $239,000 after purchasing an additional 79 shares during the last quarter. Finally, Keeley Teton Advisors LLC boosted its stake in shares of Valero Energy by 1.1% in the 1st quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock valued at $1,025,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

Shares of NYSE:VLO opened at $157.76 on Wednesday. The company has a market capitalization of $49.01 billion, a price-to-earnings ratio of 65.73, a P/E/G ratio of 1.61 and a beta of 1.05. The firm’s 50 day simple moving average is $157.05 and its 200 day simple moving average is $139.56. 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 Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $178.43.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 0.62% and a return on equity of 5.76%. Valero Energy’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same period last year, the company posted $2.71 EPS. As a group, sell-side analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on VLO shares. Evercore ISI raised their target price on shares of Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a research note on Friday, September 19th. Wells Fargo & Company started coverage on shares of Valero Energy in a research note on Friday, October 17th. They issued an “overweight” rating and a $216.00 target price on the stock. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Citigroup lowered shares of Valero Energy from a “buy” rating to a “neutral” rating and raised their target price for the company from $134.00 to $150.00 in a research note on Wednesday, July 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a research note on Wednesday, October 8th. 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 stock. Based on data from MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.27.

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.