Integrated Wealth Concepts LLC Has $5.26 Million Holdings in Valero Energy Co. (NYSE:VLO)

Integrated Wealth Concepts LLC grew its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,897 shares of the oil and gas company's stock after buying an additional 5,639 shares during the period. Integrated Wealth Concepts LLC's holdings in Valero Energy were worth $5,259,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. raised its position in shares of Valero Energy by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company's stock valued at $14,751,000 after buying an additional 455 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Valero Energy during the fourth quarter worth $1,226,000. Hudson Capital Management LLC grew its position in shares of Valero Energy by 6.5% in the fourth quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company's stock valued at $3,897,000 after purchasing an additional 1,937 shares during the period. Miracle Mile Advisors LLC acquired a new position in shares of Valero Energy during the 4th quarter valued at about $274,000. Finally, Patten Group Inc. acquired a new stake in shares of Valero Energy in the fourth quarter worth approximately $277,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on VLO shares. UBS Group dropped their price objective on Valero Energy from $160.00 to $150.00 and set a "buy" rating for the company in a report on Monday. Mizuho reduced their price objective on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Raymond James cut their price target on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Valero Energy from $152.00 to $147.00 and set an "overweight" rating on the stock in a research report on Monday. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $149.80.

Valero Energy Stock Down 0.3 %

Shares of Valero Energy stock traded down $0.35 during midday trading on Wednesday, hitting $115.17. The company's stock had a trading volume of 2,318,706 shares, compared to its average volume of 3,006,220. The firm has a market capitalization of $36.28 billion, a P/E ratio of 13.58, a PEG ratio of 2.93 and a beta of 1.17. Valero Energy Co. has a 1-year low of $99.00 and a 1-year high of $167.78. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The stock has a 50-day simple moving average of $122.18 and a 200-day simple moving average of $129.42.

Valero Energy (NYSE:VLO - Get Free Report) last released its earnings results 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). The business 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 was down 4.7% compared to the same quarter last year. During the same period last year, the firm earned $3.82 EPS. As a group, sell-side analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current 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.