Adage Capital Partners GP L.L.C. Buys 3,800 Shares of Valero Energy Co. (NYSE:VLO)

Adage Capital Partners GP L.L.C. grew its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 245,800 shares of the oil and gas company's stock after acquiring an additional 3,800 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.08% of Valero Energy worth $30,133,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VLO shares. TD Cowen reduced their target price on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a report on Friday, April 25th. UBS Group reduced their target price on shares of Valero Energy from $160.00 to $150.00 and set a "buy" rating on the stock in a report on Monday. JPMorgan Chase & Co. reduced their target price on shares of Valero Energy from $152.00 to $147.00 and set an "overweight" rating on the stock in a report on Monday. The Goldman Sachs Group raised shares of Valero Energy from a "sell" rating to a "neutral" rating and raised their price target for the stock from $115.00 to $127.00 in a report on Monday. Finally, Mizuho cut their price target on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $149.80.

Valero Energy Stock Down 1.4 %

Valero Energy stock traded down $1.66 during trading hours on Thursday, hitting $114.43. The stock had a trading volume of 1,550,926 shares, compared to its average volume of 3,001,627. The stock's 50-day moving average price is $121.81 and its 200-day moving average price is $129.33. Valero Energy Co. has a 12-month low of $99.00 and a 12-month high of $167.78. The stock has a market capitalization of $36.04 billion, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

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

Valero Energy Company 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.