Valero Energy Corporation $VLO Shares Sold by Strait & Sound Wealth Management LLC

Strait & Sound Wealth Management LLC trimmed its holdings in Valero Energy Corporation (NYSE:VLO) by 30.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,927 shares of the oil and gas company’s stock after selling 1,698 shares during the period. Strait & Sound Wealth Management LLC’s holdings in Valero Energy were worth $528,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of VLO. Kestra Private Wealth Services LLC raised its stake in Valero Energy by 18.5% during the first quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company’s stock worth $2,959,000 after purchasing an additional 3,503 shares during the period. Hancock Whitney Corp grew its stake in shares of Valero Energy by 8.9% in the 1st quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock valued at $6,138,000 after buying an additional 3,790 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Valero Energy in the 1st quarter valued at approximately $766,000. FORA Capital LLC purchased a new position in Valero Energy in the first quarter worth approximately $866,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Valero Energy by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company’s stock worth $74,025,000 after acquiring an additional 56,274 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Trading Down 1.3%

Shares of VLO stock opened at $170.92 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The stock has a market capitalization of $53.10 billion, a P/E ratio of 35.68, a price-to-earnings-growth ratio of 1.92 and a beta of 1.05. The company has a 50 day moving average price of $158.99 and a 200 day moving average price of $140.88. 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 data on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.51. The firm had revenue of $32.17 billion during the quarter, compared to analysts’ expectations of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.68%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 earnings per share. Equities research analysts predict that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VLO shares. TD Cowen increased their price objective on Valero Energy from $162.00 to $165.00 and gave the stock a “hold” rating in a research report on Friday. Piper Sandler lifted their price target on shares of Valero Energy from $200.00 to $201.00 and gave the company an “overweight” rating in a research report on Friday. Wells Fargo & Company began 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. Mizuho lifted their price target on shares of Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $195.00 price target (up from $181.00) on shares of Valero Energy in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.27.

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.