Rosenberg Matthew Hamilton Sells 431 Shares of Valero Energy Co. (NYSE:VLO)

Rosenberg Matthew Hamilton trimmed its holdings in shares of Valero Energy Co. (NYSE:VLO) by 14.6% in the 3rd quarter, Holdings Channel reports. The firm owned 2,529 shares of the oil and gas company’s stock after selling 431 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Valero Energy were worth $110,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. IFM Investors Pty Ltd lifted its position in shares of Valero Energy by 8.6% during the third quarter. IFM Investors Pty Ltd now owns 33,234 shares of the oil and gas company’s stock worth $1,440,000 after purchasing an additional 2,633 shares during the last quarter. Fluent Financial LLC increased its stake in shares of Valero Energy by 4.6% during the third quarter. Fluent Financial LLC now owns 53,106 shares of the oil and gas company’s stock valued at $2,301,000 after buying an additional 2,337 shares during the period. Mission Wealth Management LP increased its stake in shares of Valero Energy by 7.7% during the third quarter. Mission Wealth Management LP now owns 10,845 shares of the oil and gas company’s stock valued at $470,000 after buying an additional 774 shares during the period. Trinity Legacy Partners LLC purchased a new position in shares of Valero Energy during the third quarter valued at $223,000. Finally, Heron Financial Group LLC increased its stake in shares of Valero Energy by 78.6% during the third quarter. Heron Financial Group LLC now owns 17,154 shares of the oil and gas company’s stock valued at $739,000 after buying an additional 7,551 shares during the period. Institutional investors and hedge funds own 73.55% of the company’s stock.

Several equities analysts have recently commented on VLO shares. Mizuho cut their price target on Valero Energy from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. cut their target price on Valero Energy from $68.00 to $59.00 and set an “overweight” rating on the stock in a research note on Friday, September 11th. Jefferies Financial Group upgraded Valero Energy from a “hold” rating to a “buy” rating and cut their target price for the company from $65.00 to $62.00 in a research note on Monday, July 20th. Barclays cut their target price on Valero Energy from $71.00 to $62.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 6th. Finally, Goldman Sachs Group lowered Valero Energy from a “neutral” rating to a “sell” rating and cut their target price for the company from $48.00 to $37.00 in a research note on Thursday, October 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.00.

Shares of VLO stock traded down $1.34 during trading hours on Friday, reaching $40.22. 5,520,339 shares of the company’s stock were exchanged, compared to its average volume of 4,925,774. Valero Energy Co. has a 1 year low of $31.00 and a 1 year high of $101.99. The stock has a market cap of $16.40 billion, a PE ratio of 15.53 and a beta of 1.82. The company has a current ratio of 1.75, a quick ratio of 1.01 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average price is $46.67 and its two-hundred day moving average price is $54.77.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported ($1.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.41) by $0.16. Valero Energy had a return on equity of 5.30% and a net margin of 1.22%. The business had revenue of $10.40 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the previous year, the firm earned $1.51 earnings per share. The company’s revenue was down 64.1% on a year-over-year basis. On average, equities analysts expect that Valero Energy Co. will post -2.31 EPS for the current fiscal year.

Valero Energy Profile

Valero Energy Corporation manufactures and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and Renewable Diesel. The company is involved in oil and gas refining, marketing, and bulk selling activities.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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