Bristlecone Advisors LLC Sells 456 Shares of Valero Energy Co. (NYSE:VLO)

Bristlecone Advisors LLC cut its holdings in Valero Energy Co. (NYSE:VLO) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,974 shares of the oil and gas company’s stock after selling 456 shares during the period. Bristlecone Advisors LLC’s holdings in Valero Energy were worth $2,292,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VLO. EdgeRock Capital LLC bought a new position in Valero Energy during the 2nd quarter worth approximately $27,000. Lynx Investment Advisory purchased a new position in shares of Valero Energy in the second quarter worth $29,000. Pathway Financial Advisers LLC bought a new stake in Valero Energy during the 1st quarter valued at $33,000. Summit Securities Group LLC purchased a new stake in shares of Valero Energy during the second quarter worth about $31,000. Finally, First Foundation Advisors bought a new stake in shares of Valero Energy in the first quarter worth about $37,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VLO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Bank of America initiated coverage on shares of Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price target for the company. Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $172.00 to $165.00 in a report on Wednesday, October 9th. Barclays lowered their target price on Valero Energy from $165.00 to $146.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Finally, Wolfe Research started coverage on Valero Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $177.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.53.

Valero Energy Trading Up 0.8 %

NYSE:VLO opened at $132.40 on Friday. The stock has a market cap of $42.42 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 3.53 and a beta of 1.39. Valero Energy Co. has a 52 week low of $119.88 and a 52 week 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 company’s 50 day moving average price is $138.20 and its 200-day moving average price is $149.95.

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

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.