Koshinski Asset Management Inc. Sells 866 Shares of Valero Energy Corporation $VLO

Koshinski Asset Management Inc. reduced its position in shares of Valero Energy Corporation (NYSE:VLO) by 13.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,642 shares of the oil and gas company’s stock after selling 866 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Valero Energy were worth $758,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VLO. GAMMA Investing LLC raised its holdings in Valero Energy by 17.3% during the 1st quarter. GAMMA Investing LLC now owns 10,265 shares of the oil and gas company’s stock valued at $1,356,000 after buying an additional 1,516 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in Valero Energy during the 1st quarter valued at $213,000. PFG Investments LLC raised its holdings in Valero Energy by 1.4% during the 1st quarter. PFG Investments LLC now owns 12,403 shares of the oil and gas company’s stock valued at $1,638,000 after buying an additional 166 shares during the last quarter. Stonegate Investment Group LLC bought a new stake in Valero Energy during the 1st quarter valued at $599,000. Finally, Rappaport Reiches Capital Management LLC bought a new stake in Valero Energy during the 1st quarter valued at $205,000. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VLO has been the subject of a number of recent analyst reports. Wolfe Research lowered shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, October 8th. UBS Group boosted their price objective on shares of Valero Energy from $165.00 to $183.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Raymond James Financial reissued a “strong-buy” rating and set a $181.00 price objective (up from $177.00) on shares of Valero Energy in a research report on Friday. Finally, Evercore ISI boosted their price objective on shares of Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a research report on Friday, September 19th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $173.27.

Valero Energy Stock Up 0.8%

NYSE:VLO opened at $157.62 on Monday. The firm’s 50-day moving average price is $155.99 and its 200-day moving average price is $139.05. The company has a market capitalization of $48.96 billion, a PE ratio of 65.68, a P/E/G ratio of 1.59 and a beta of 1.05. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $178.43.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.62. The firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The company’s revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.71 EPS. On average, equities analysts predict that Valero Energy Corporation will post 7.92 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.