IHT Wealth Management LLC Cuts Holdings in Valero Energy Co. (NYSE:VLO)

IHT Wealth Management LLC lowered its stake in shares of Valero Energy Co. (NYSE:VLO) by 15.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,499 shares of the oil and gas company’s stock after selling 1,200 shares during the period. IHT Wealth Management LLC’s holdings in Valero Energy were worth $797,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of VLO. New Wave Wealth Advisors LLC purchased a new stake in shares of Valero Energy during the 4th quarter worth $25,000. Tobam purchased a new stake in shares of Valero Energy during the fourth quarter valued at about $30,000. Golden State Wealth Management LLC bought a new stake in shares of Valero Energy in the 4th quarter valued at about $38,000. OFI Invest Asset Management purchased a new position in shares of Valero Energy in the 4th quarter worth approximately $37,000. Finally, Creative Capital Management Investments LLC raised its stake in shares of Valero Energy by 122.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 183 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

VLO has been the topic of several analyst reports. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company dropped their target price on Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Morgan Stanley decreased their price target on Valero Energy from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday. Mizuho dropped their price target on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, Piper Sandler decreased their price objective on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $151.93.

Valero Energy Stock Down 1.0 %

VLO stock opened at $113.34 on Friday. Valero Energy Co. has a one year low of $99.00 and a one year high of $168.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The firm’s fifty day moving average is $123.59 and its 200 day moving average is $130.02. The firm has a market cap of $35.70 billion, a PE ratio of 13.37, a P/E/G ratio of 2.93 and a beta of 1.17.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.27). The business had revenue of $28.76 billion during the quarter, compared to analysts’ expectations of $28.54 billion. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. On average, research analysts forecast that Valero Energy Co. will post 7.92 EPS for the current year.

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.