Valero Energy Corporation $VLO Holdings Cut by Jackson Square Capital LLC

Jackson Square Capital LLC trimmed its stake in Valero Energy Corporation (NYSE:VLO) by 48.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,239 shares of the oil and gas company’s stock after selling 1,172 shares during the quarter. Jackson Square Capital LLC’s holdings in Valero Energy were worth $480,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Quantum Financial Partners LLC lifted its stake in shares of Valero Energy by 40.9% in the third quarter. Quantum Financial Partners LLC now owns 3,665 shares of the oil and gas company’s stock worth $1,421,000 after buying an additional 1,063 shares in the last quarter. Foguth Wealth Management LLC. purchased a new stake in shares of Valero Energy during the third quarter valued at approximately $180,000. Cottage Street Advisors LLC increased its position in shares of Valero Energy by 33.8% during the third quarter. Cottage Street Advisors LLC now owns 1,806 shares of the oil and gas company’s stock valued at $700,000 after acquiring an additional 456 shares in the last quarter. Grove Bank & Trust increased its position in shares of Valero Energy by 1.0% during the third quarter. Grove Bank & Trust now owns 2,608 shares of the oil and gas company’s stock valued at $1,011,000 after acquiring an additional 25 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in Valero Energy by 5.5% in the 2nd quarter. QRG Capital Management Inc. now owns 58,558 shares of the oil and gas company’s stock worth $15,251,000 after acquiring an additional 3,037 shares during the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on VLO. Citigroup upped their price objective on Valero Energy from $302.00 to $485.00 and gave the company a “neutral” rating in a research report on Tuesday, October 13th. Barclays lifted their target price on Valero Energy from $323.00 to $441.00 and gave the stock an “overweight” rating in a report on Tuesday, October 6th. Zacks Research raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Bank of America boosted their price target on Valero Energy from $395.00 to $414.00 and gave the stock a “neutral” rating in a research note on Friday, October 2nd. Finally, Wells Fargo & Company upped their price target on Valero Energy from $389.00 to $485.00 and gave the company an “overweight” rating in a report on Wednesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Valero Energy presently has an average rating of “Moderate Buy” and an average price target of $382.62.

Valero Energy Stock Performance

Shares of NYSE VLO traded down $4.34 during trading on Monday, reaching $440.37. 914,590 shares of the company traded hands, compared to its average volume of 3,304,204. The firm has a 50 day simple moving average of $383.13 and a 200-day simple moving average of $304.08. Valero Energy Corporation has a 52-week low of $156.26 and a 52-week high of $461.52. The stock has a market capitalization of $126.79 billion, a PE ratio of 18.24, a P/E/G ratio of 0.29 and a beta of 0.59. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 0.37.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share for the quarter, beating the consensus estimate of $10.11 by $2.43. The firm had revenue of $44.48 billion during the quarter, compared to analysts’ expectations of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The firm’s quarterly revenue was up 48.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.28 earnings per share. Equities research analysts anticipate that Valero Energy Corporation will post 51.77 earnings per share for the current year.

Valero Energy Company Profile

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.