Avidian Wealth Solutions LLC Sells 85 Shares of Valero Energy Co. (NYSE:VLO)

Avidian Wealth Solutions LLC lessened its holdings in shares of Valero Energy Co. (NYSE:VLO) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,091 shares of the oil and gas company’s stock after selling 85 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Valero Energy were worth $1,182,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. BKM Wealth Management LLC acquired a new position in Valero Energy during the 4th quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Valero Energy in the 3rd quarter valued at $28,000. Wetzel Investment Advisors Inc. bought a new position in Valero Energy during the 4th quarter valued at $36,000. FSC Wealth Advisors LLC bought a new stake in shares of Valero Energy in the 4th quarter worth $38,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in shares of Valero Energy in the third quarter valued at about $42,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on VLO. Mizuho lowered shares of Valero Energy from a “buy” rating to a “neutral” rating and increased their price objective for the company from $150.00 to $173.00 in a research note on Friday, March 22nd. Raymond James boosted their target price on shares of Valero Energy from $154.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Friday, January 26th. The Goldman Sachs Group boosted their target price on Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Scotiabank increased their price target on Valero Energy from $138.00 to $165.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Finally, TD Cowen dropped their price objective on shares of Valero Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.40.

Valero Energy Price Performance

Shares of Valero Energy stock traded down $0.50 during trading on Friday, hitting $156.84. The stock had a trading volume of 2,356,803 shares, compared to its average volume of 2,689,989. The firm has a market cap of $52.15 billion, a price-to-earnings ratio of 7.77, a P/E/G ratio of 1.44 and a beta of 1.55. Valero Energy Co. has a 12 month low of $104.18 and a 12 month high of $184.79. The business’s 50-day moving average is $163.15 and its 200 day moving average is $141.82. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.64. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The business had revenue of $31.76 billion for the quarter, compared to analyst estimates of $32.02 billion. During the same period in the prior year, the company earned $8.27 EPS. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Valero Energy Co. will post 18.02 earnings per share for the current year.

Valero Energy 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.