Scout Investments Inc. decreased its stake in shares of Valero Energy Co. (NYSE:VLO) by 58.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 254,186 shares of the oil and gas company’s stock after selling 355,573 shares during the period. Scout Investments Inc. owned about 0.06% of Valero Energy worth $21,667,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Advisory Alpha LLC acquired a new stake in Valero Energy during the first quarter worth about $27,000. Archford Capital Strategies LLC increased its stake in shares of Valero Energy by 122.7% in the second quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Titan Capital Management LLC CA acquired a new stake in shares of Valero Energy in the second quarter valued at approximately $32,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of Valero Energy in the second quarter valued at approximately $32,000. Finally, Griffin Asset Management Inc. acquired a new stake in shares of Valero Energy in the second quarter valued at approximately $34,000. 76.33% of the stock is currently owned by institutional investors and hedge funds.
NYSE:VLO traded up $2.20 during trading hours on Wednesday, reaching $85.52. 55,185 shares of the company’s stock were exchanged, compared to its average volume of 3,512,387. The company has a market capitalization of $35.03 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 2.26 and a beta of 1.48. Valero Energy Co. has a 12 month low of $68.81 and a 12 month high of $117.51. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.42. The business’s 50-day simple moving average is $80.39 and its two-hundred day simple moving average is $81.96.
Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.14. The firm had revenue of $28.93 billion during the quarter, compared to analysts’ expectations of $25.45 billion. Valero Energy had a net margin of 2.27% and a return on equity of 11.31%. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period last year, the firm posted $2.15 earnings per share. As a group, sell-side analysts anticipate that Valero Energy Co. will post 4.67 earnings per share for the current fiscal year.
Several research firms have recently issued reports on VLO. ValuEngine upgraded shares of Valero Energy from a “sell” rating to a “hold” rating in a report on Friday, September 27th. JPMorgan Chase & Co. decreased their price objective on shares of Valero Energy from $96.00 to $83.00 and set an “overweight” rating for the company in a report on Tuesday, September 10th. Royal Bank of Canada set a $98.00 price objective on shares of Valero Energy and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Wells Fargo & Co increased their price objective on shares of Valero Energy from $107.00 to $108.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $103.56.
Valero Energy Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.
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