Alethea Capital Management LLC Purchases Shares of 2,566 Valero Energy Co. (NYSE:VLO)

Alethea Capital 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 Securities & Exchange Commission. The fund acquired 2,566 shares of the oil and gas company's stock, valued at approximately $315,000. Valero Energy accounts for approximately 0.3% of Alethea Capital Management LLC's portfolio, making the stock its 23rd largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Wave Wealth Advisors LLC bought a new stake in Valero Energy in the 4th quarter valued at $25,000. Tobam acquired a new stake in shares of Valero Energy during the fourth quarter worth $30,000. OFI Invest Asset Management bought a new stake in shares of Valero Energy in the fourth quarter valued at about $37,000. Golden State Wealth Management LLC acquired a new position in shares of Valero Energy in the fourth quarter valued at about $38,000. Finally, Creative Capital Management Investments LLC raised its stake in Valero Energy by 122.0% in the 4th quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock worth $41,000 after purchasing an additional 183 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Raymond James decreased their target price on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Piper Sandler cut their price target on Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Wells Fargo & Company dropped their price objective on Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Morgan Stanley reduced their target price on Valero Energy from $160.00 to $145.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $149.80.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $118.89 on Friday. The firm has a 50 day simple moving average of $121.11 and a 200 day simple moving average of $128.99. The company has a market cap of $37.45 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 2.93 and a beta of 1.17. Valero Energy Co. has a one year low of $99.00 and a one year high of $167.78. 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 quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The firm had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. During the same period last year, the business earned $3.82 EPS. The company's revenue was down 4.7% compared to the same quarter last year. Research analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

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.

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