Valero Energy Co. (NYSE:VLO) Stake Trimmed by Magnus Financial Group LLC

Magnus Financial Group LLC cut its holdings in shares of Valero Energy Co. (NYSE:VLO) by 5.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,663 shares of the oil and gas company’s stock after selling 89 shares during the quarter. Magnus Financial Group LLC’s holdings in Valero Energy were worth $225,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. International Private Wealth Advisors LLC increased its position in Valero Energy by 3.4% in the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock worth $309,000 after buying an additional 65 shares during the period. Aua Capital Management LLC increased its position in Valero Energy by 3.1% in the 1st quarter. Aua Capital Management LLC now owns 2,261 shares of the oil and gas company’s stock worth $386,000 after buying an additional 67 shares during the period. OmniStar Financial Group Inc. increased its position in Valero Energy by 1.6% in the 2nd quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after buying an additional 70 shares during the period. Everhart Financial Group Inc. increased its position in shares of Valero Energy by 5.5% during the second quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $214,000 after purchasing an additional 71 shares during the period. Finally, St. Johns Investment Management Company LLC increased its position in shares of Valero Energy by 1.4% during the second quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock valued at $794,000 after purchasing an additional 72 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Trading Up 0.7 %

Shares of VLO opened at $135.53 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. Valero Energy Co. has a 12-month low of $119.88 and a 12-month high of $184.79. The firm has a market capitalization of $43.42 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 3.75 and a beta of 1.39. The stock’s fifty day simple moving average is $140.35 and its 200-day simple moving average is $152.12.

Valero Energy (NYSE:VLO) last issued 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 return on equity of 21.01% and a net margin of 4.25%. The business had revenue of $34.49 billion for the quarter, compared to analyst estimates of $32.97 billion. During the same quarter in the prior year, the firm posted $5.40 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, research analysts predict that Valero Energy Co. will post 9.41 earnings per share for the current year.

Analysts Set New Price Targets

VLO has been the topic of a number of research reports. StockNews.com cut Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Piper Sandler lowered Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $169.00 to $123.00 in a research note on Friday, September 20th. Wolfe Research began coverage on Valero Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Finally, Scotiabank decreased their price target on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and an average target price of $162.60.

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.