1,696 Valero Energy Corporation $VLO Shares Sold by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC lessened its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 4.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,107 shares of the oil and gas company’s stock after selling 1,696 shares during the quarter. Valero Energy accounts for 1.3% of Patton Albertson Miller Group LLC’s portfolio, making the stock its 22nd largest position. Patton Albertson Miller Group LLC’s holdings in Valero Energy were worth $12,833,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of VLO. Bank of America Corp DE grew its position in shares of Valero Energy by 11.4% during the first quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock worth $1,243,630,000 after buying an additional 516,975 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Valero Energy by 9.4% in the first quarter. Bank of New York Mellon Corp now owns 2,969,320 shares of the oil and gas company’s stock valued at $733,660,000 after acquiring an additional 254,604 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Valero Energy by 18.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,842,339 shares of the oil and gas company’s stock valued at $702,285,000 after acquiring an additional 442,177 shares in the last quarter. Amundi boosted its stake in Valero Energy by 45.3% during the 1st quarter. Amundi now owns 2,584,976 shares of the oil and gas company’s stock valued at $638,695,000 after acquiring an additional 806,018 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Valero Energy by 33.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,058,341 shares of the oil and gas company’s stock valued at $536,074,000 after acquiring an additional 520,642 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

NYSE VLO opened at $426.23 on Tuesday. Valero Energy Corporation has a 52-week low of $159.90 and a 52-week high of $461.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.64 and a quick ratio of 1.23. The firm has a market capitalization of $122.72 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 0.24 and a beta of 0.59. The company’s fifty day moving average is $392.44 and its two-hundred day moving average is $279.72.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 EPS for the quarter, beating the consensus estimate of $21.17 by $2.73. Valero Energy had a return on equity of 47.50% and a net margin of 8.44%. The business had revenue of $46.10 billion for the quarter, compared to analyst estimates of $42.71 billion. During the same quarter in the previous year, the firm earned $3.66 EPS. Valero Energy’s quarterly revenue was up 43.3% on a year-over-year basis. Equities research analysts forecast that Valero Energy Corporation will post 54.22 EPS for the current year.

Wall Street Analyst Weigh In

VLO has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Valero Energy from $485.00 to $489.00 and gave the stock an “overweight” rating in a report on Friday. Mizuho boosted their price objective on shares of Valero Energy from $300.00 to $434.00 and gave the company a “neutral” rating in a research report on Thursday, October 8th. TD Cowen increased their target price on Valero Energy from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Thursday, October 22nd. The Goldman Sachs Group raised their price target on shares of Valero Energy from $365.00 to $457.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Finally, UBS Group restated a “buy” rating and set a $467.00 price objective on shares of Valero Energy in a research note on Tuesday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Valero Energy presently has an average rating of “Moderate Buy” and a consensus target price of $379.94.

More Valero Energy News

Here are the key news stories impacting Valero Energy this week:

• Positive Sentiment: Positive earnings momentum: Recent coverage says Valero is well positioned for a potential near-term surge because analysts have been revising earnings estimates higher. The company’s latest reported quarter also substantially exceeded consensus EPS and revenue expectations, supported by strong refining margins. Why Valero Energy Might Be Well Poised for a Surge
• Positive Sentiment: Growth and valuation appeal: Zacks characterizes VLO as having several solid growth attributes that could help it outperform the broader market. The stock’s strong profitability, recent earnings growth and relatively low valuation may be attracting investors. Is Valero Energy a Solid Growth Stock?
• Positive Sentiment: Analyst support: Wall Street coverage remains mixed but includes a “Moderate Buy” consensus, with Citigroup and Barclays analysts expecting additional appreciation. Valero Stock Rated Moderate Buy
• Neutral Sentiment: Potential defensive characteristics: Commentary presents Valero as a possible hedge during periods of market or energy-sector uncertainty, while emphasizing that the strategy involves trade-offs and remains exposed to cyclical refining conditions. Valero: A Potential Hedge, But Not Without Trade-Offs
• Negative Sentiment: Downside risks remain: Valero’s record quarter was accompanied by lighter fourth-quarter guidance, while potential Russian diesel imports, crude-price pressure and weaker refining margins could reduce future earnings. Valero’s Windfall Quarter Meets Washington’s Push for Cheaper Diesel
• Negative Sentiment: Profit-taking risk: Investor Michael Burry is considering selling, reducing or donating some long-held positions, including Valero, because he views valuations as stretched. Freedom Broker also issued a sell rating, creating a counterweight to the more bullish analyst forecasts. Michael Burry Eyes the Exit on Valero

Valero Energy Company Profile

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.