CLARET ASSET MANAGEMENT Corp lowered its position in shares of Valero Energy Co. (NYSE:VLO) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,845 shares of the oil and gas company’s stock after selling 215 shares during the period. CLARET ASSET MANAGEMENT Corp’s holdings in Valero Energy were worth $243,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisory Alpha LLC bought a new position in shares of Valero Energy during the first quarter worth approximately $27,000. Archford Capital Strategies LLC increased its stake in shares of Valero Energy by 122.7% during the second quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 200 shares during the period. Stonebridge Capital Advisors LLC bought a new position in shares of Valero Energy during the second quarter worth approximately $32,000. Titan Capital Management LLC CA bought a new position in shares of Valero Energy during the second quarter worth approximately $32,000. Finally, Griffin Asset Management Inc. acquired a new stake in Valero Energy during the second quarter worth approximately $34,000. Institutional investors own 76.33% of the company’s stock.
VLO has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Valero Energy from $96.00 to $83.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 10th. Royal Bank of Canada set a $98.00 price target on Valero Energy and gave the stock a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Co increased their price target on Valero Energy from $107.00 to $108.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Finally, ValuEngine raised Valero Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 27th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $103.56.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.14. The business had revenue of $28.93 billion for the quarter, compared to the consensus estimate of $25.45 billion. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.15 earnings per share. On average, sell-side analysts anticipate that Valero Energy Co. will post 4.62 EPS for the current fiscal year.
About Valero Energy
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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