Community Bank & Trust Waco Texas Raises Position in Valero Energy Co. (NYSE:VLO)

Community Bank & Trust Waco Texas grew its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 23.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,924 shares of the oil and gas company's stock after purchasing an additional 10,928 shares during the quarter. Valero Energy accounts for 2.0% of Community Bank & Trust Waco Texas' investment portfolio, making the stock its 13th biggest position. Community Bank & Trust Waco Texas' holdings in Valero Energy were worth $7,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Deutsche Bank AG boosted its stake in Valero Energy by 5.8% in the third quarter. Deutsche Bank AG now owns 1,005,346 shares of the oil and gas company's stock worth $142,468,000 after purchasing an additional 55,351 shares in the last quarter. Stiles Financial Services Inc grew its position in Valero Energy by 49.7% during the 4th quarter. Stiles Financial Services Inc now owns 7,615 shares of the oil and gas company's stock worth $991,000 after acquiring an additional 2,529 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Valero Energy by 14.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company's stock valued at $362,569,000 after purchasing an additional 342,218 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Valero Energy by 3.0% in the fourth quarter. Nordea Investment Management AB now owns 645,726 shares of the oil and gas company's stock worth $83,867,000 after purchasing an additional 18,575 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in Valero Energy by 10.5% during the third quarter. Public Sector Pension Investment Board now owns 83,290 shares of the oil and gas company's stock valued at $11,803,000 after purchasing an additional 7,910 shares during the period. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Price Performance

VLO stock traded down $0.54 during mid-day trading on Wednesday, reaching $167.00. The company's stock had a trading volume of 2,350,360 shares, compared to its average volume of 3,307,556. The company's 50 day moving average is $159.52 and its two-hundred day moving average is $139.96. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market cap of $55.52 billion, a PE ratio of 6.74, a P/E/G ratio of 1.51 and a beta of 1.54. Valero Energy Co. has a fifty-two week low of $104.18 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $35.41 billion for the quarter, compared to analysts' expectations of $34.76 billion. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. Valero Energy's revenue was down 15.2% compared to the same quarter last year. During the same period in the previous year, the company posted $8.45 EPS. Equities research analysts expect that Valero Energy Co. will post 18.31 EPS for the current year.

Analyst Upgrades and Downgrades

VLO has been the topic of several research reports. Mizuho cut Valero Energy from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $150.00 to $173.00 in a research report on Friday, March 22nd. TD Cowen lifted their price objective on shares of Valero Energy from $175.00 to $190.00 and gave the company a "buy" rating in a report on Monday, April 8th. Scotiabank upped their price objective on shares of Valero Energy from $138.00 to $165.00 and gave the stock a "sector outperform" rating in a report on Thursday, April 11th. Bank of America raised shares of Valero Energy from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $156.00 to $210.00 in a research report on Friday, March 15th. Finally, Raymond James boosted their target price on shares of Valero Energy from $154.00 to $155.00 and gave the company a "strong-buy" rating in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $173.63.

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.