AQR Capital Management LLC Sells 3,650,936 Shares of Valero Energy Co. (NYSE:VLO)

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AQR Capital Management LLC lessened its position in shares of Valero Energy Co. (NYSE:VLO) by 62.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,174,517 shares of the oil and gas company’s stock after selling 3,650,936 shares during the quarter. AQR Capital Management LLC owned about 0.52% of Valero Energy worth $184,051,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VLO. Advisory Alpha LLC acquired a new position in Valero Energy in the first quarter valued at $27,000. Archford Capital Strategies LLC raised its holdings in Valero Energy by 122.7% during the second quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 200 shares in the last quarter. Titan Capital Management LLC CA purchased a new position in Valero Energy during the second quarter worth about $32,000. NuWave Investment Management LLC raised its holdings in Valero Energy by 1,107.7% during the second quarter. NuWave Investment Management LLC now owns 471 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 432 shares in the last quarter. Finally, Westside Investment Management Inc. purchased a new position in Valero Energy during the second quarter worth about $40,000. 76.33% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on VLO shares. Royal Bank of Canada set a $98.00 price target on shares of Valero Energy and gave the stock a “buy” rating in a report on Friday, July 26th. Wells Fargo & Co increased their price target on shares of Valero Energy from $107.00 to $108.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. ValuEngine raised shares of Valero Energy from a “sell” rating to a “hold” rating in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Valero Energy from $96.00 to $83.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $103.56.

NYSE VLO traded up $2.20 during mid-day trading on Friday, reaching $88.00. 3,093,585 shares of the stock were exchanged, compared to its average volume of 3,332,159. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.42. The stock has a market capitalization of $35.25 billion, a PE ratio of 11.94, a PEG ratio of 2.30 and a beta of 1.48. Valero Energy Co. has a 1-year low of $68.81 and a 1-year high of $108.68. The business’s fifty day simple moving average is $80.84 and its 200 day simple moving average is $81.98.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 25th. The oil and gas company reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.14. Valero Energy had a net margin of 2.27% and a return on equity of 11.31%. The business had revenue of $28.93 billion for the quarter, compared to the consensus estimate of $25.45 billion. During the same quarter last year, the firm posted $2.15 EPS. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, analysts anticipate that Valero Energy Co. will post 4.62 EPS for the current year.

Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). 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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