Valero Energy Co. (NYSE:VLO) Shares Sold by Spirit of America Management Corp NY

Spirit of America Management Corp NY cut its holdings in shares of Valero Energy Co. (NYSE:VLO) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,084 shares of the oil and gas company’s stock after selling 2,600 shares during the period. Valero Energy makes up about 2.3% of Spirit of America Management Corp NY’s investment portfolio, making the stock its 6th largest holding. Spirit of America Management Corp NY’s holdings in Valero Energy were worth $11,489,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EdgeRock Capital LLC acquired a new position in shares of Valero Energy during the second quarter worth approximately $27,000. Lynx Investment Advisory acquired a new position in shares of Valero Energy during the second quarter worth approximately $29,000. Summit Securities Group LLC bought a new stake in Valero Energy during the second quarter worth approximately $31,000. Pathway Financial Advisers LLC bought a new stake in Valero Energy during the first quarter worth approximately $33,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in Valero Energy during the third quarter worth approximately $34,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $131.36 on Friday. The company’s fifty day moving average is $138.91 and its two-hundred day moving average is $150.60. The company has a quick ratio of 1.04, a current ratio of 1.48 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 company has a market cap of $42.09 billion, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.16. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The company had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. During the same period in the previous year, the business earned $7.49 EPS. The company’s revenue was down 14.4% on a year-over-year basis. Equities analysts expect that Valero Energy Co. will post 9.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wolfe Research assumed coverage on Valero Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $177.00 target price on the stock. Wells Fargo & Company raised Valero Energy from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $172.00 to $165.00 in a report on Wednesday, October 9th. StockNews.com cut Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. The Goldman Sachs Group dropped their target price on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday, September 16th. Finally, Scotiabank dropped their target price 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. One equities 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.60.

Valero Energy Company 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.