Valero Energy Co. (NYSE:VLO) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC lowered its position in Valero Energy Co. (NYSE:VLO) by 5.1% in the third quarter, Holdings Channel.com reports. The firm owned 27,191 shares of the oil and gas company’s stock after selling 1,450 shares during the quarter. Highland Capital Management LLC’s holdings in Valero Energy were worth $3,672,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Mediolanum International Funds Ltd raised its position in shares of Valero Energy by 1.8% in the third quarter. Mediolanum International Funds Ltd now owns 96,126 shares of the oil and gas company’s stock valued at $13,049,000 after buying an additional 1,700 shares during the last quarter. Canal Capital Management LLC boosted its position in Valero Energy by 2.2% during the 3rd quarter. Canal Capital Management LLC now owns 6,303 shares of the oil and gas company’s stock worth $851,000 after purchasing an additional 134 shares during the period. Busey Bank grew its stake in shares of Valero Energy by 1.9% in the third quarter. Busey Bank now owns 76,711 shares of the oil and gas company’s stock valued at $10,358,000 after buying an additional 1,439 shares in the last quarter. Silver Oak Securities Incorporated raised its stake in shares of Valero Energy by 306.0% during the third quarter. Silver Oak Securities Incorporated now owns 6,070 shares of the oil and gas company’s stock valued at $825,000 after purchasing an additional 4,575 shares during the period. Finally, Mount Yale Investment Advisors LLC grew its stake in shares of Valero Energy by 76.0% during the third quarter. Mount Yale Investment Advisors LLC now owns 8,333 shares of the oil and gas company’s stock valued at $1,125,000 after acquiring an additional 3,598 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on VLO. Scotiabank reduced their price target on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. StockNews.com cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $169.00 to $123.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. cut their price objective on Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Finally, Wolfe Research assumed coverage on shares of Valero Energy in a research report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and an average target price of $154.53.

Valero Energy Trading Up 0.8 %

NYSE:VLO opened at $132.40 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79. The company has a market cap of $42.42 billion, a P/E ratio of 7.57, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The business has a 50 day moving average price of $138.55 and a two-hundred day moving average price of $150.47.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The business had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. During the same quarter last year, the firm earned $7.49 earnings per share. The firm’s revenue for the quarter was down 14.4% compared to the same quarter last year. As a group, analysts expect that Valero Energy Co. will post 9.6 EPS for the current fiscal year.

Valero Energy Company 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.