Aquatic Capital Management LLC reduced its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 97.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,305 shares of the oil and gas company's stock after selling 138,895 shares during the period. Aquatic Capital Management LLC's holdings in Valero Energy were worth $528,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in VLO. Norges Bank bought a new position in Valero Energy in the 4th quarter worth $669,400,000. Vanguard Group Inc. raised its stake in shares of Valero Energy by 16.1% in the fourth quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company's stock worth $4,257,024,000 after buying an additional 4,805,133 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Valero Energy during the 4th quarter valued at about $132,469,000. Price T Rowe Associates Inc. MD grew its stake in shares of Valero Energy by 22.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,864,418 shares of the oil and gas company's stock valued at $351,151,000 after acquiring an additional 525,255 shares during the period. Finally, Prudential Financial Inc. increased its holdings in Valero Energy by 159.3% in the 4th quarter. Prudential Financial Inc. now owns 850,161 shares of the oil and gas company's stock worth $104,221,000 after acquiring an additional 522,233 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. Raymond James dropped their price target on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Mizuho cut their price target on Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Morgan Stanley decreased their price target on Valero Energy from $160.00 to $145.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company cut their target price on Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Finally, Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a report 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 given a strong buy rating to the company. According to data from MarketBeat.com, Valero Energy currently has an average rating of "Moderate Buy" and a consensus price target of $149.80.
Read Our Latest Stock Analysis on VLO
Valero Energy Price Performance
Shares of NYSE VLO traded up $4.01 during mid-day trading on Friday, hitting $118.89. 2,600,530 shares of the company's stock traded hands, compared to its average volume of 3,010,467. 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 Co. has a 1 year low of $99.00 and a 1 year high of $167.78. The company's 50-day moving average is $121.11 and its two-hundred day moving average is $128.99. The company has a market capitalization of $37.45 billion, a P/E ratio of 14.02, a PEG ratio of 2.93 and a beta of 1.17.
Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). The company had revenue of $28.76 billion for the quarter, compared to analysts' expectations of $28.54 billion. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The company's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $3.82 earnings per share. On average, equities analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current fiscal year.
About Valero Energy
(
Free Report)
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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