Coastline Trust Co reduced its position in shares of Valero Energy Co. (NYSE:VLO) by 17.7% in the third quarter, Holdings Channel reports. The fund owned 25,970 shares of the oil and gas company’s stock after selling 5,585 shares during the quarter. Coastline Trust Co’s holdings in Valero Energy were worth $1,125,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trinity Legacy Partners LLC bought a new position in shares of Valero Energy during the 3rd quarter valued at approximately $223,000. Heron Financial Group LLC lifted its position in Valero Energy by 78.6% in the third quarter. Heron Financial Group LLC now owns 17,154 shares of the oil and gas company’s stock worth $739,000 after buying an additional 7,551 shares during the last quarter. BTC Capital Management Inc. lifted its position in Valero Energy by 4.0% in the third quarter. BTC Capital Management Inc. now owns 41,197 shares of the oil and gas company’s stock worth $1,785,000 after buying an additional 1,572 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in Valero Energy by 74.0% in the third quarter. Avantax Advisory Services Inc. now owns 54,350 shares of the oil and gas company’s stock worth $2,360,000 after buying an additional 23,117 shares during the last quarter. Finally, Appleton Partners Inc. MA lifted its position in Valero Energy by 4.1% in the third quarter. Appleton Partners Inc. MA now owns 16,178 shares of the oil and gas company’s stock worth $701,000 after buying an additional 631 shares during the last quarter. Hedge funds and other institutional investors own 73.55% of the company’s stock.

VLO has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on Valero Energy from $68.00 to $59.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. Goldman Sachs Group downgraded Valero Energy from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $48.00 to $37.00 in a research report on Thursday, October 1st. Barclays lowered their price target on Valero Energy from $71.00 to $62.00 and set an “overweight” rating for the company in a research report on Tuesday, October 6th. CSFB restated a “buy” rating on shares of Valero Energy in a research report on Wednesday, September 30th. Finally, Raymond James decreased their target price on Valero Energy from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, September 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $69.00.

Shares of Valero Energy stock opened at $40.22 on Friday. The firm has a market cap of $16.40 billion, a P/E ratio of 15.53 and a beta of 1.82. The company has a current ratio of 1.75, a quick ratio of 1.01 and a debt-to-equity ratio of 0.59. Valero Energy Co. has a 12 month low of $31.00 and a 12 month high of $101.99. The stock’s fifty day moving average price is $46.67 and its 200-day moving average price is $54.77.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas company reported ($1.25) EPS for the quarter, beating the consensus estimate of ($1.41) by $0.16. The firm had revenue of $10.40 billion for the quarter, compared to analyst estimates of $11.46 billion. Valero Energy had a return on equity of 5.30% and a net margin of 1.22%. The business’s revenue for the quarter was down 64.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.51 earnings per share. Analysts forecast that Valero Energy Co. will post -2.31 earnings per share for the current year.

Valero Energy Company Profile

Valero Energy Corporation manufactures and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and Renewable Diesel. The company is involved in oil and gas refining, marketing, and bulk selling activities.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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