CenturyLink Investment Management Co trimmed its stake in Valero Energy Co. (NYSE:VLO) by 14.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 9,914 shares of the oil and gas company’s stock after selling 1,680 shares during the quarter. CenturyLink Investment Management Co’s holdings in Valero Energy were worth $845,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Archford Capital Strategies LLC boosted its holdings in 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 worth $31,000 after acquiring an additional 200 shares in the last quarter. Titan Capital Management LLC CA bought a new stake in Valero Energy in the second quarter worth $32,000. Stonebridge Capital Advisors LLC bought a new stake in Valero Energy in the second quarter worth $32,000. Griffin Asset Management Inc. bought a new stake in Valero Energy in the second quarter worth $34,000. Finally, NuWave Investment Management LLC boosted its holdings in Valero Energy by 1,107.7% in the second quarter. NuWave Investment Management LLC now owns 471 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 432 shares in the last quarter. 76.22% of the stock is currently owned by institutional investors and hedge funds.
VLO has been the topic of a number of research analyst reports. ValuEngine raised Valero Energy from a “sell” rating to a “hold” rating in a report on Friday, September 27th. JPMorgan Chase & Co. lowered their price target on Valero Energy from $96.00 to $83.00 and set an “overweight” rating on the stock in a report on Tuesday, September 10th. Royal Bank of Canada set a $98.00 price target on Valero Energy and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Wells Fargo & Co upped their price target on Valero Energy from $107.00 to $108.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $103.56.
NYSE VLO opened at $89.09 on Thursday. The firm has a market cap of $36.69 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 2.46 and a beta of 1.48. 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 has a 50-day moving average price of $82.22 and a 200-day moving average price of $82.06. Valero Energy Co. has a twelve month low of $68.81 and a twelve month high of $106.10.
Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.14. The firm had revenue of $28.93 billion during the quarter, compared to analyst estimates of $25.45 billion. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.15 earnings per share. Research analysts expect that Valero Energy Co. will post 4.5 EPS for the current fiscal year.
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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