Valero Energy Co. (NYSE:VLO) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC trimmed its position in Valero Energy Co. (NYSE:VLO) by 6.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,146 shares of the oil and gas company’s stock after selling 569 shares during the quarter. Bleakley Financial Group LLC’s holdings in Valero Energy were worth $1,100,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. EdgeRock Capital LLC acquired a new stake in shares of Valero Energy in the 2nd quarter valued at $27,000. Lynx Investment Advisory purchased a new position in shares of Valero Energy in the 2nd quarter valued at $29,000. Pathway Financial Advisers LLC purchased a new position in shares of Valero Energy in the 1st quarter valued at $33,000. Summit Securities Group LLC purchased a new position in shares of Valero Energy in the 2nd quarter valued at $31,000. Finally, First Foundation Advisors purchased a new position in shares of Valero Energy in the 1st quarter valued at $37,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on VLO. The Goldman Sachs Group lowered their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday, September 16th. Scotiabank lowered their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $169.00 to $123.00 in a report on Friday, September 20th. BMO Capital Markets reduced their price target on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Finally, Barclays dropped their price objective on Valero Energy from $165.00 to $146.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.60.

Valero Energy Price Performance

Shares of Valero Energy stock opened at $137.04 on Monday. The firm has a fifty day moving average price of $139.77 and a two-hundred day moving average price of $151.38. The company has a market cap of $43.90 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Valero Energy Co. has a fifty-two week low of $119.88 and a fifty-two week high of $184.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.11. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The firm had revenue of $34.49 billion during the quarter, compared to the consensus estimate of $32.97 billion. During the same period last year, the firm posted $5.40 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Analysts expect that Valero Energy Co. will post 9.6 EPS for the current year.

Valero Energy Company 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.