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

Securian Asset Management Inc. decreased its position in Valero Energy Corporation (NYSE:VLO) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,345 shares of the oil and gas company’s stock after selling 439 shares during the quarter. Securian Asset Management Inc.’s holdings in Valero Energy were worth $2,197,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VLO. Broadway Wealth Solutions Inc. grew its position in shares of Valero Energy by 3.8% during the second quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock worth $251,000 after buying an additional 69 shares in the last quarter. Park Place Capital Corp grew its position in shares of Valero Energy by 21.8% during the second quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock worth $58,000 after buying an additional 75 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its position in shares of Valero Energy by 1.4% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock worth $732,000 after buying an additional 78 shares in the last quarter. Summit Financial LLC grew its position in shares of Valero Energy by 4.6% during the first quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock worth $239,000 after buying an additional 79 shares in the last quarter. Finally, Keeley Teton Advisors LLC grew its position in shares of Valero Energy by 1.1% during the first quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock worth $1,025,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

Shares of VLO opened at $161.87 on Thursday. 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 $50.29 billion, a PE ratio of 67.45, a price-to-earnings-growth ratio of 1.59 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 business’s fifty day moving average price is $157.56 and its 200 day moving average price is $139.72.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.62. The company had revenue of $29.89 billion for 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 quarterly revenue was down 13.3% compared to the same quarter last year. During the same period last year, the business posted $2.71 earnings per share. Equities research analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Wall Street Analyst Weigh In

VLO has been the subject of a number of recent analyst reports. Mizuho raised their price target on shares of Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Wells Fargo & Company assumed coverage on shares of Valero Energy in a research report on Friday, October 17th. They set an “overweight” rating and a $216.00 price target for the company. Wolfe Research cut Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Finally, Morgan Stanley cut Valero Energy from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $160.00 to $175.00 in a research note on Friday, October 3rd. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $173.27.

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.