Avidian Wealth Solutions LLC Sells 85 Shares of Valero Energy Co. (NYSE:VLO)

Avidian Wealth Solutions LLC lessened its holdings in Valero Energy Co. (NYSE:VLO) by 0.9% during the 4th quarter, HoldingsChannel reports. The firm owned 9,091 shares of the oil and gas company’s stock after selling 85 shares during the period. Avidian Wealth Solutions LLC’s holdings in Valero Energy were worth $1,182,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Miracle Mile Advisors LLC bought a new position in shares of Valero Energy during the 3rd quarter valued at approximately $242,000. Concord Wealth Partners raised its stake in shares of Valero Energy by 3.5% in the third quarter. Concord Wealth Partners now owns 5,722 shares of the oil and gas company’s stock valued at $811,000 after acquiring an additional 193 shares during the period. Verdence Capital Advisors LLC boosted its stake in shares of Valero Energy by 35.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 6,308 shares of the oil and gas company’s stock worth $894,000 after purchasing an additional 1,658 shares during the period. BluePath Capital Management LLC bought a new position in Valero Energy during the 3rd quarter valued at about $300,000. Finally, Jeppson Wealth Management LLC purchased a new stake in Valero Energy in the 3rd quarter worth about $215,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 0.3 %

Shares of NYSE:VLO traded down $0.50 on Friday, reaching $156.84. The company had a trading volume of 2,356,803 shares, compared to its average volume of 2,689,989. The firm has a market capitalization of $52.15 billion, a PE ratio of 7.77, a PEG ratio of 1.44 and a beta of 1.55. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 52-week low of $104.18 and a 52-week high of $184.79. The firm’s 50 day simple moving average is $163.15 and its 200-day simple moving average is $141.82.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.64. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The company had revenue of $31.76 billion for the quarter, compared to analyst estimates of $32.02 billion. During the same quarter in the previous year, the firm earned $8.27 earnings per share. The firm’s quarterly revenue was down 12.8% compared to the same quarter last year. As a group, analysts expect that Valero Energy Co. will post 18.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on VLO shares. Scotiabank upped their target price on Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. TD Cowen reduced their target price on Valero Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $156.00 to $210.00 in a report on Friday, March 15th. The Goldman Sachs Group lifted their price objective on shares of Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Finally, Mizuho downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating and upped their target price for the stock from $150.00 to $173.00 in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $174.40.

Valero Energy 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.