Motco Sells 4,941 Shares of Valero Energy Corporation $VLO

Motco lessened its stake in Valero Energy Corporation (NYSE:VLO) by 17.4% during the second quarter, Holdings Channel reports. The firm owned 23,532 shares of the oil and gas company’s stock after selling 4,941 shares during the period. Motco’s holdings in Valero Energy were worth $3,231,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VLO. Amalgamated Bank lifted its holdings in shares of Valero Energy by 1.2% in the first quarter. Amalgamated Bank now owns 61,335 shares of the oil and gas company’s stock valued at $8,101,000 after purchasing an additional 702 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in Valero Energy by 29.7% during the first quarter. Westside Investment Management Inc. now owns 886 shares of the oil and gas company’s stock worth $117,000 after acquiring an additional 203 shares during the period. Koshinski Asset Management Inc. lifted its holdings in Valero Energy by 7.3% during the first quarter. Koshinski Asset Management Inc. now owns 6,508 shares of the oil and gas company’s stock worth $860,000 after acquiring an additional 445 shares during the period. DSG Capital Advisors LLC bought a new stake in Valero Energy during the first quarter worth $1,293,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in Valero Energy during the first quarter worth $66,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $152.00 to $179.00 in a report on Wednesday, September 3rd. Morgan Stanley lowered Valero Energy from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $160.00 to $175.00 in a report on Friday, October 3rd. Barclays lifted 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. Wells Fargo & Company assumed coverage on Valero Energy in a report on Friday, October 17th. They set an “overweight” rating and a $216.00 price target on the stock. Finally, Piper Sandler lifted their price target on Valero Energy from $200.00 to $201.00 and gave the stock an “overweight” rating in a report on Friday. Three equities 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $179.27.

Valero Energy Stock Performance

NYSE:VLO opened at $169.34 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. The business has a fifty day simple moving average of $160.37 and a two-hundred day simple moving average of $141.88. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $178.43. The company has a market capitalization of $52.61 billion, a P/E ratio of 35.35, a P/E/G ratio of 1.88 and a beta of 1.05.

Valero Energy (NYSE:VLO) last released 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 last year, the business posted $1.14 earnings per share. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, 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.