Oppenheimer Asset Management Inc. Reduces Position in Valero Energy Co. (NYSE:VLO) – Insider Activity and Wall Street Analyst Ratings
Are you interested in investing in the energy sector? If so, you may want to take a closer look at Valero Energy Co. (NYSE:VLO). This oil and gas company has been making waves in the market, with recent insider activity and Wall Street analyst ratings providing valuable insights for potential investors.
Oppenheimer Asset Management Inc. recently reduced its position in Valero Energy by 14.6% during the first quarter, selling 228 shares. Despite this decrease, the firm still holds 1,329 shares of the company’s stock, valued at $227,000. Other hedge funds, such as Wellington Management Group LLP and BKM Wealth Management LLC, have also been active in buying and selling shares of Valero Energy.
In terms of insider activity, Director Kimberly S. Greene recently sold 720 shares of Valero Energy stock, totaling over $113,000. This transaction highlights the confidence that insiders have in the company’s performance and future prospects.
Wall Street analysts have also weighed in on Valero Energy, with UBS Group, TD Cowen, JPMorgan Chase & Co., and other brokerages providing price targets and ratings for the stock. The consensus rating for Valero Energy is currently a “Moderate Buy,” with a target price of $170.75.
Valero Energy’s stock performance has been solid, with a market cap of $48.33 billion and a PE ratio of 7.32. The company recently reported earnings per share of $3.82 for the quarter, beating analysts’ estimates. Valero Energy also announced a quarterly dividend, further enhancing its appeal to investors.
Overall, Valero Energy Corporation is a key player in the energy sector, with a focus on manufacturing, marketing, and selling petroleum-based and low-carbon liquid transportation fuels. If you’re looking for a promising investment opportunity in the energy industry, Valero Energy may be worth considering.
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