Strategic Blueprint LLC Cuts Stock Position in Valero Energy Corporation $VLO

Strategic Blueprint LLC lessened its position in Valero Energy Corporation (NYSE:VLO) by 7.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,101 shares of the oil and gas company’s stock after selling 180 shares during the quarter. Strategic Blueprint LLC’s holdings in Valero Energy were worth $282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. LifeWealth Investments LLC purchased a new stake in shares of Valero Energy in the 2nd quarter valued at $420,000. Ethic Inc. raised its holdings in shares of Valero Energy by 13.0% in the 2nd quarter. Ethic Inc. now owns 11,726 shares of the oil and gas company’s stock valued at $1,579,000 after buying an additional 1,353 shares during the period. Rehmann Capital Advisory Group raised its holdings in shares of Valero Energy by 7.2% in the 2nd quarter. Rehmann Capital Advisory Group now owns 2,768 shares of the oil and gas company’s stock valued at $372,000 after buying an additional 185 shares during the period. Adams Natural Resources Fund Inc. purchased a new stake in Valero Energy during the 2nd quarter worth about $10,525,000. Finally, D.A. Davidson & CO. increased its holdings in Valero Energy by 97.9% during the 2nd 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 period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VLO. Weiss Ratings restated a “hold (c)” rating on shares of Valero Energy in a report on Friday. Morgan Stanley downgraded Valero Energy from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $160.00 to $175.00 in a report on Friday, October 3rd. TD Cowen upped their price target on Valero Energy from $162.00 to $165.00 and gave the stock a “hold” rating in a report on Friday. Piper Sandler upped their price target on Valero Energy from $200.00 to $201.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Barclays upped their price target on Valero Energy from $151.00 to $169.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $179.27.

Valero Energy Stock Down 1.3%

Valero Energy stock opened at $170.92 on Monday. The stock has a market capitalization of $53.10 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 1.92 and a beta of 1.05. The stock has a 50 day moving average of $158.99 and a two-hundred day moving average of $141.05. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The business had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. During the same period in the prior year, the business posted $1.14 EPS. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, research analysts expect that Valero Energy Corporation will post 7.92 earnings per share 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.