E&G Advisors LP Sells 80 Shares of Valero Energy Co. (NYSE:VLO)

E&G Advisors LP lessened its position in Valero Energy Co. (NYSE:VLO) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,060 shares of the oil and gas company’s stock after selling 80 shares during the quarter. E&G Advisors LP’s holdings in Valero Energy were worth $683,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new position in shares of Valero Energy during the 2nd quarter worth about $15,945,000. 180 Wealth Advisors LLC acquired a new position in shares of Valero Energy during the second quarter worth approximately $535,000. UniSuper Management Pty Ltd boosted its position in shares of Valero Energy by 223.1% in the first quarter. UniSuper Management Pty Ltd now owns 10,796 shares of the oil and gas company’s stock valued at $1,843,000 after acquiring an additional 7,455 shares during the period. Lloyd Advisory Services LLC. bought a new stake in shares of Valero Energy in the first quarter valued at approximately $982,000. Finally, Massmutual Trust Co. FSB ADV increased its position in Valero Energy by 23.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 42,716 shares of the oil and gas company’s stock worth $6,696,000 after acquiring an additional 8,198 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Trading Up 0.3 %

Shares of VLO stock opened at $137.04 on Friday. The company has a market capitalization of $43.90 billion, a P/E ratio of 7.83, a P/E/G ratio of 3.53 and a beta of 1.39. Valero Energy Co. has a 12-month low of $119.88 and a 12-month high of $184.79. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $139.77 and a 200 day moving average price of $151.58.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.11. The company had revenue of $34.49 billion during the quarter, compared to analysts’ expectations of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. Valero Energy’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.40 earnings per share. Research analysts forecast that Valero Energy Co. will post 9.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VLO has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $169.00 to $123.00 in a research report on Friday, September 20th. BMO Capital Markets decreased their target price on Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Bank of America started coverage on Valero Energy in a report on Thursday. They issued a “neutral” rating and a $150.00 price target for the company. Finally, Barclays decreased their price objective on Valero Energy from $165.00 to $146.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $158.60.

About Valero Energy

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.