Illinois Municipal Retirement Fund Acquires 9,944 Shares of Valero Energy Co. (NYSE:VLO)

Illinois Municipal Retirement Fund raised its stake in Valero Energy Co. (NYSE:VLO - Free Report) by 13.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,154 shares of the oil and gas company's stock after buying an additional 9,944 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Valero Energy were worth $11,200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Arkadios Wealth Advisors acquired a new stake in Valero Energy in the 3rd quarter valued at approximately $228,000. SG Americas Securities LLC raised its position in Valero Energy by 23.3% in the 3rd quarter. SG Americas Securities LLC now owns 22,569 shares of the oil and gas company's stock valued at $3,198,000 after buying an additional 4,272 shares during the last quarter. RFG Advisory LLC acquired a new stake in Valero Energy in the 3rd quarter valued at approximately $293,000. 1900 Wealth Management LLC raised its position in Valero Energy by 4.5% in the 3rd quarter. 1900 Wealth Management LLC now owns 2,866 shares of the oil and gas company's stock valued at $406,000 after buying an additional 124 shares during the last quarter. Finally, Mach 1 Financial Group LLC acquired a new stake in Valero Energy in the 3rd quarter valued at approximately $749,000. Institutional investors and hedge funds own 78.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on VLO shares. Barclays lifted their target price on Valero Energy from $149.00 to $179.00 and gave the company an "overweight" rating in a research report on Wednesday, April 3rd. Raymond James raised their price target on Valero Energy from $154.00 to $155.00 and gave the company a "strong-buy" rating in a research note on Friday, January 26th. Bank of America upgraded Valero Energy from a "neutral" rating to a "buy" rating and raised their price target for the company from $156.00 to $210.00 in a research note on Friday, March 15th. Piper Sandler raised their price target on Valero Energy from $161.00 to $198.00 and gave the company an "overweight" rating in a research note on Wednesday, April 3rd. Finally, Scotiabank raised their price target on Valero Energy from $138.00 to $165.00 and gave the company a "sector outperform" rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $173.63.

Valero Energy Stock Performance

VLO traded up $1.61 during trading on Tuesday, hitting $167.51. The stock had a trading volume of 1,969,186 shares, compared to its average volume of 3,319,813. The company has a 50 day moving average price of $159.00 and a 200-day moving average price of $139.68. The firm has a market cap of $55.69 billion, a price-to-earnings ratio of 6.71, a P/E/G ratio of 1.50 and a beta of 1.54. Valero Energy Co. has a one year low of $104.18 and a one year high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.56 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.95 by $0.60. The business had revenue of $35.41 billion during the quarter, compared to the consensus estimate of $34.76 billion. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The firm's quarterly revenue was down 15.2% on a year-over-year basis. During the same period in the previous year, the company posted $8.45 EPS. As a group, research analysts predict that Valero Energy Co. will post 18.25 EPS for the current 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.