Atria Wealth Solutions Inc. Sells 284 Shares of Valero Energy Co. (NYSE:VLO)

Atria Wealth Solutions Inc. cut its stake in Valero Energy Co. (NYSE:VLO) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 24,255 shares of the oil and gas company’s stock after selling 284 shares during the period. Atria Wealth Solutions Inc.’s holdings in Valero Energy were worth $3,153,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. BKM Wealth Management LLC acquired a new position in Valero Energy during the fourth quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Valero Energy during the third quarter worth $28,000. Wetzel Investment Advisors Inc. bought a new position in shares of Valero Energy during the fourth quarter worth $36,000. FSC Wealth Advisors LLC acquired a new position in shares of Valero Energy in the 4th quarter valued at $38,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of Valero Energy in the 3rd quarter valued at $42,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VLO has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Piper Sandler boosted their price objective on Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Barclays raised their target price on shares of Valero Energy from $149.00 to $179.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. Scotiabank upped their price target on shares of Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Finally, TD Cowen increased their price objective on shares of Valero Energy from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $175.13.

Valero Energy Trading Down 0.8 %

Shares of NYSE:VLO opened at $165.80 on Monday. The stock has a market capitalization of $55.13 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.50 and a beta of 1.54. The company’s 50-day moving average price is $161.07 and its two-hundred day moving average price is $140.76. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10. Valero Energy Co. has a one year low of $104.18 and a one year high of $184.79.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.64. The business had revenue of $31.76 billion for the quarter, compared to analyst estimates of $32.02 billion. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. Valero Energy’s revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.27 earnings per share. On average, equities analysts forecast that Valero Energy Co. will post 18.37 EPS for the current fiscal 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.