Valero Energy Co. (NYSE:VLO) Stake Reduced by Narwhal Capital Management

Narwhal Capital Management trimmed its holdings in Valero Energy Co. (NYSE:VLO) by 6.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,304 shares of the oil and gas company’s stock after selling 3,558 shares during the quarter. Narwhal Capital Management’s holdings in Valero Energy were worth $6,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. EdgeRock Capital LLC acquired a new stake in shares of Valero Energy during the 2nd quarter valued at $27,000. Lynx Investment Advisory purchased a new position in shares of Valero Energy in the second quarter worth approximately $29,000. Summit Securities Group LLC acquired a new stake in shares of Valero Energy during the second quarter valued at approximately $31,000. Pathway Financial Advisers LLC purchased a new stake in shares of Valero Energy in the 1st quarter valued at approximately $33,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of Valero Energy in the third quarter valued at $34,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on VLO shares. Scotiabank lowered their price target on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. StockNews.com downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. The Goldman Sachs Group cut their target price on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research report on Monday, September 16th. Finally, Wells Fargo & Company raised shares of Valero Energy from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $172.00 to $165.00 in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.60.

Valero Energy Trading Up 0.2 %

Valero Energy stock opened at $135.71 on Wednesday. Valero Energy Co. has a 52 week low of $119.88 and a 52 week high of $184.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. The firm has a market capitalization of $43.48 billion, a PE ratio of 7.75, a PEG ratio of 3.53 and a beta of 1.39. The business’s 50-day simple moving average is $139.21 and its 200-day simple moving average is $150.73.

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

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.