MML Investors Services LLC Has $4.83 Million Holdings in Valero Energy Co. (NYSE:VLO)

MML Investors Services LLC cut its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,426 shares of the oil and gas company's stock after selling 3,820 shares during the quarter. MML Investors Services LLC's holdings in Valero Energy were worth $4,833,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VLO. Asset Management One Co. Ltd. boosted its holdings in shares of Valero Energy by 0.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company's stock worth $14,751,000 after acquiring an additional 455 shares during the period. Kieckhefer Group LLC acquired a new position in Valero Energy in the 4th quarter valued at $1,226,000. Hudson Capital Management LLC increased its position in Valero Energy by 6.5% during the 4th quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company's stock worth $3,897,000 after buying an additional 1,937 shares during the period. Miracle Mile Advisors LLC acquired a new stake in shares of Valero Energy during the fourth quarter worth $274,000. Finally, Patten Group Inc. bought a new stake in shares of Valero Energy in the fourth quarter valued at about $277,000. Institutional investors own 78.69% of the company's stock.

Valero Energy Trading Down 0.7 %

NYSE VLO traded down $0.79 on Thursday, hitting $115.30. The company's stock had a trading volume of 1,104,726 shares, compared to its average volume of 3,000,275. The company's 50-day moving average is $121.81 and its 200 day moving average is $129.33. The firm has a market cap of $36.32 billion, a PE ratio of 13.64, 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.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). The company 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.82 earnings per share. As a group, analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VLO has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on shares of Valero Energy from $152.00 to $147.00 and set an "overweight" rating for the company in a report on Monday. The Goldman Sachs Group upgraded Valero Energy from a "sell" rating to a "neutral" rating and boosted their price target for the company from $115.00 to $127.00 in a research note on Monday. Morgan Stanley lowered their price objective on Valero Energy from $160.00 to $145.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Piper Sandler cut their target price on Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Finally, Wells Fargo & Company decreased their price target 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 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $149.80.

Valero Energy 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.