Boothbay Fund Management LLC Invests $1.14 Million in Valero Energy Co. (NYSE:VLO)

Boothbay Fund Management LLC acquired a new position in shares of Valero Energy Co. (NYSE:VLO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,280 shares of the oil and gas company's stock, valued at approximately $1,138,000.

A number of other large investors also recently bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new position in Valero Energy during the fourth quarter worth about $25,000. Tobam acquired a new position in Valero Energy during the 4th quarter worth approximately $30,000. OFI Invest Asset Management acquired a new stake in shares of Valero Energy in the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC acquired a new stake in shares of Valero Energy in the 4th quarter valued at approximately $38,000. Finally, Creative Capital Management Investments LLC grew its holdings in Valero Energy by 122.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock worth $41,000 after acquiring an additional 183 shares during the period. Hedge funds and other institutional investors own 78.69% of the company's stock.

Valero Energy Trading Down 1.1 %

VLO stock traded down $1.32 during midday trading on Thursday, hitting $114.77. The stock had a trading volume of 3,995,875 shares, compared to its average volume of 3,007,113. Valero Energy Co. has a 12-month low of $99.00 and a 12-month high of $167.78. The firm has a market cap of $36.15 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. The company's 50-day moving average price is $121.81 and its 200 day moving average price is $129.33. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO - Get Free Report) last released its earnings results on Thursday, April 24th. The oil and gas company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.27). The business had revenue of $28.76 billion during the quarter, compared to analyst estimates of $28.54 billion. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.82 earnings per share. On average, equities research analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. TD Cowen decreased their target price on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. The Goldman Sachs Group upgraded shares of Valero Energy from a "sell" rating to a "neutral" rating and upped their target price for the stock from $115.00 to $127.00 in a research report on Monday. Scotiabank reduced their price target on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Morgan Stanley dropped their price objective on Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Wells Fargo & Company decreased their target price on Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $149.80.

About Valero Energy

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.