Stratos Wealth Advisors LLC Sells 605 Shares of Valero Energy Corporation $VLO

Stratos Wealth Advisors LLC lessened its stake in Valero Energy Corporation (NYSE:VLO) by 12.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 4,453 shares of the oil and gas company’s stock after selling 605 shares during the period. Stratos Wealth Advisors LLC’s holdings in Valero Energy were worth $599,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VLO. GAMMA Investing LLC grew its position in shares of Valero Energy by 17.3% in the 1st quarter. GAMMA Investing LLC now owns 10,265 shares of the oil and gas company’s stock valued at $1,356,000 after buying an additional 1,516 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Valero Energy during the 1st quarter valued at about $213,000. PFG Investments LLC boosted its position in shares of Valero Energy by 1.4% during the 1st quarter. PFG Investments LLC now owns 12,403 shares of the oil and gas company’s stock valued at $1,638,000 after purchasing an additional 166 shares in the last quarter. Stonegate Investment Group LLC bought a new stake in shares of Valero Energy during the 1st quarter valued at about $599,000. Finally, Rappaport Reiches Capital Management LLC bought a new stake in shares of Valero Energy during the 1st quarter valued at about $205,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Raymond James Financial restated a “strong-buy” rating and set a $181.00 target price (up previously from $177.00) on shares of Valero Energy in a research report on Friday. Wolfe Research lowered Valero Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Morgan Stanley lowered Valero Energy from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $160.00 to $175.00 in a research report on Friday, October 3rd. Jefferies Financial Group upped their target price on Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.27.

Valero Energy Stock Up 0.8%

VLO stock opened at $157.62 on Monday. The stock’s 50 day simple moving average is $155.99 and its 200 day simple moving average is $139.05. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $178.43. 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 company has a market cap of $48.96 billion, a P/E ratio of 65.68, a price-to-earnings-growth ratio of 1.59 and a beta of 1.05.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, topping the consensus estimate of $1.66 by $0.62. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The company’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.71 earnings per share. On average, research analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal 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.