Foster Victor Wealth Advisors LLC Sells 11,090 Shares of Valero Energy Corporation $VLO

Foster Victor Wealth Advisors LLC lowered its holdings in Valero Energy Corporation (NYSE:VLO) by 12.1% during the 3rd quarter, Holdings Channel reports. The firm owned 80,198 shares of the oil and gas company’s stock after selling 11,090 shares during the period. Valero Energy makes up about 1.4% of Foster Victor Wealth Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Foster Victor Wealth Advisors LLC’s holdings in Valero Energy were worth $31,086,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of VLO. Whipplewood Advisors LLC increased its position in shares of Valero Energy by 3,400.0% during the 1st quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 102 shares during the last quarter. Cornerstone Financial Management LLC raised its stake in shares of Valero Energy by 57.6% during the 2nd quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 38 shares during the period. Financial Life Planners purchased a new position in shares of Valero Energy in the 1st quarter worth about $28,000. Valued Wealth Advisors LLC boosted its holdings in shares of 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 worth $29,000 after buying an additional 67 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new position in Valero Energy during the first quarter valued at about $33,000. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

VLO has been the subject of several research reports. Piper Sandler increased their price target on shares of Valero Energy from $329.00 to $435.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Zacks Research raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. TD Cowen boosted their target price on shares of Valero Energy from $338.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Raymond James Financial boosted their target price on shares of Valero Energy from $350.00 to $450.00 and gave the company a “strong-buy” rating in a research note on Monday, September 14th. Finally, Jefferies Financial Group reduced their target price on shares of Valero Energy from $401.00 to $394.00 and set a “hold” rating for the company in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $382.62.

Valero Energy Stock Performance

Shares of VLO opened at $436.56 on Thursday. The firm has a market cap of $125.70 billion, a PE ratio of 18.11, a PEG ratio of 0.27 and a beta of 0.59. The stock’s fifty day moving average price is $389.82 and its two-hundred day moving average price is $308.10. 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 1 year low of $156.26 and a 1 year high of $461.52.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, beating analysts’ consensus estimates of $10.11 by $2.43. The firm had revenue of $44.48 billion for the quarter, compared to analysts’ expectations of $39.47 billion. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%. The business’s revenue for the quarter was up 48.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.28 EPS. On average, equities research analysts forecast that Valero Energy Corporation will post 52.55 EPS for the current year.

Key Stories Impacting Valero Energy

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

• Positive Sentiment: Higher refining margins are raising expectations for Valero’s third-quarter performance. As a major independent petroleum refiner, VLO could benefit from improved crack spreads and stronger profitability in its core refining business. Valero Energy’s Q3 Earnings Approach: Higher Refining Margins Fuel Optimism
• Positive Sentiment: Valero’s recent momentum has attracted attention from investors. The stock had gained 2.53% over the prior week, reflecting expectations that the earnings report could benefit from favorable refining conditions. Valero Energy Is Up 2.53% in One Week
• Neutral Sentiment: Wall Street is focusing not only on revenue and earnings, but also on key operating metrics expected with the third-quarter results. The report could determine whether the recent rally is supported by fundamentals. Insights Into Valero Energy Q3: Wall Street Projections for Key Metrics
• Neutral Sentiment: The company’s earnings announcement is the immediate focus for traders, increasing the likelihood of heightened volatility around the release. Valero previously reported a strong quarter, with earnings and revenue exceeding expectations, which sets a high bar for another upside surprise.
• Negative Sentiment: A report indicated that Valero shares fell 1.80% amid the run-up to the scheduled results, suggesting some profit-taking or caution ahead of the announcement. Investors may also be concerned that favorable refining-margin expectations are already reflected in the stock. Valero Energy Scheduled Results
• Negative Sentiment: Geopolitical disruptions have contributed to higher diesel costs, creating potential pressure on fuel consumers and operating expenses. The proposed $8 billion farmer relief program could cushion diesel demand, but it also underscores continued energy-market instability. Trump Announces $8B Bailout for Farmers

About Valero Energy

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.