Valero Energy Corporation $VLO Shares Sold by Strategic Blueprint LLC

Strategic Blueprint LLC lessened its stake in shares of Valero Energy Corporation (NYSE:VLO) by 7.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,101 shares of the oil and gas company’s stock after selling 180 shares during the period. Strategic Blueprint LLC’s holdings in Valero Energy were worth $282,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. LifeWealth Investments LLC acquired a new stake in shares of Valero Energy during the second quarter worth $420,000. Ethic Inc. boosted its holdings in shares of Valero Energy by 13.0% during the second quarter. Ethic Inc. now owns 11,726 shares of the oil and gas company’s stock worth $1,579,000 after purchasing an additional 1,353 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of Valero Energy by 7.2% during the second quarter. Rehmann Capital Advisory Group now owns 2,768 shares of the oil and gas company’s stock worth $372,000 after purchasing an additional 185 shares during the last quarter. Adams Natural Resources Fund Inc. acquired a new stake in shares of Valero Energy during the second quarter worth $10,525,000. Finally, D.A. Davidson & CO. boosted its holdings in shares of Valero Energy by 97.9% during the second quarter. D.A. Davidson & CO. now owns 137,772 shares of the oil and gas company’s stock worth $18,519,000 after purchasing an additional 68,151 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Trading Down 1.3%

NYSE:VLO opened at $170.92 on Monday. The business’s 50-day moving average is $158.99 and its two-hundred day moving average is $141.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $178.43. The firm has a market capitalization of $53.10 billion, a PE ratio of 35.68, a price-to-earnings-growth ratio of 1.92 and a beta of 1.05.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.15 by $0.51. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The company had revenue of $32.17 billion for the quarter, compared to analyst estimates of $28.80 billion. During the same period last year, the company posted $1.14 earnings per share. The firm’s revenue was down 2.2% compared to the same quarter last year. Research analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on VLO shares. Wall Street Zen upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday. Wolfe Research cut Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Evercore ISI lifted their target price on Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a report on Friday, September 19th. Mizuho lifted their target price on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Finally, JPMorgan Chase & Co. lifted their target price on Valero Energy from $177.00 to $197.00 and gave the company an “overweight” rating in a report on Friday. Three 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 company’s stock. According to data from MarketBeat, Valero Energy presently has an average rating of “Moderate Buy” and an average 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.