Valero Energy Co. (NYSE:VLO) Holdings Decreased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lessened its stake in Valero Energy Co. (NYSE:VLO) by 0.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,625 shares of the oil and gas company’s stock after selling 337 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Valero Energy were worth $10,346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VLO. Manning & Napier Advisors LLC bought a new stake in Valero Energy during the second quarter worth approximately $15,945,000. 180 Wealth Advisors LLC bought a new position in Valero Energy during the second quarter valued at about $535,000. UniSuper Management Pty Ltd raised its position in 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 worth $1,843,000 after acquiring an additional 7,455 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Valero Energy by 23.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 42,716 shares of the oil and gas company’s stock valued at $6,696,000 after purchasing an additional 8,198 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Valero Energy by 54.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 18,717 shares of the oil and gas company’s stock worth $3,195,000 after purchasing an additional 6,593 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

Valero Energy stock traded down $1.44 during trading hours on Monday, reaching $135.60. 1,289,512 shares of the company were exchanged, compared to its average volume of 2,983,874. The stock has a 50-day moving average of $139.77 and a 200 day moving average of $151.38. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34. Valero Energy Co. has a 12 month low of $119.88 and a 12 month high of $184.79. The firm has a market cap of $43.44 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 3.53 and a beta of 1.39.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Bank of America started coverage on shares of Valero Energy in a research report on Thursday. They issued a “neutral” rating and a $150.00 price target on the stock. StockNews.com lowered Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. The Goldman Sachs Group cut their price objective on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday, September 16th. Wolfe Research assumed coverage on shares of Valero Energy in a research report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 target price on the stock. Finally, Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $169.00 to $123.00 in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and an average price target 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.