Patton Albertson Miller Group LLC Sells 1,696 Shares of Valero Energy Corporation $VLO

Patton Albertson Miller Group LLC trimmed its position in Valero Energy Corporation (NYSE:VLO) by 4.9% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 33,107 shares of the oil and gas company’s stock after selling 1,696 shares during the period. Valero Energy comprises approximately 1.3% of Patton Albertson Miller Group LLC’s holdings, making the stock its 22nd largest holding. Patton Albertson Miller Group LLC’s holdings in Valero Energy were worth $12,833,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Financial Management LLC raised its stake in shares of Valero Energy by 57.6% during the second quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company’s stock worth $27,000 after buying an additional 38 shares during the last quarter. Mascoma Wealth Management LLC raised its stake in Valero Energy by 1,980.0% during the 3rd quarter. Mascoma Wealth Management LLC now owns 104 shares of the oil and gas company’s stock worth $40,000 after buying an additional 99 shares during the period. Whipplewood Advisors LLC raised its position in shares of Valero Energy by 3,400.0% during the first quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 102 shares during the period. Financial Life Planners bought a new position in Valero Energy in the first quarter valued at approximately $28,000. Finally, Valued Wealth Advisors LLC lifted its position in Valero Energy by 134.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 67 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on VLO. Jefferies Financial Group cut their price target on shares of Valero Energy from $401.00 to $394.00 and set a “hold” rating on the stock in a research report on Thursday, October 8th. Freedom Broker reiterated a “sell” rating and set a $276.00 price objective on shares of Valero Energy in a research report on Friday. Wells Fargo & Company boosted their price objective on shares of Valero Energy from $485.00 to $489.00 and gave the company an “overweight” rating in a report on Friday. UBS Group reissued a “buy” rating and issued a $467.00 target price on shares of Valero Energy in a report on Tuesday, October 6th. Finally, TD Cowen upped their price target on shares of Valero Energy from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Thursday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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 Stock Performance

Shares of Valero Energy stock opened at $426.23 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.64 and a quick ratio of 1.23. Valero Energy Corporation has a fifty-two week low of $159.90 and a fifty-two week high of $461.52. The firm has a market capitalization of $122.72 billion, a P/E ratio of 9.59, a P/E/G ratio of 0.24 and a beta of 0.59. The company’s 50 day moving average price is $392.44 and its two-hundred day moving average price is $279.72.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share for the quarter, topping analysts’ consensus estimates of $21.17 by $2.73. The business had revenue of $46.10 billion for the quarter, compared to analyst estimates of $42.71 billion. Valero Energy had a return on equity of 47.50% and a net margin of 8.44%. Valero Energy’s quarterly revenue was up 43.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.66 EPS. On average, equities analysts forecast that Valero Energy Corporation will post 54.22 earnings per share for the current fiscal year.

Valero Energy 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.