Gibraltar Capital Management Inc. Takes Position in Valero Energy Co. (NYSE:VLO)

Gibraltar Capital Management Inc. bought a new position in shares of Valero Energy Co. (NYSE:VLO - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,350 shares of the oil and gas company's stock, valued at approximately $696,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new stake in Valero Energy during the 4th quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Valero Energy during the third quarter worth $28,000. Wetzel Investment Advisors Inc. bought a new stake in Valero Energy in the 4th quarter valued at $36,000. FSC Wealth Advisors LLC acquired a new position in Valero Energy in the 4th quarter worth $38,000. Finally, Authentikos Wealth Advisory LLC bought a new position in Valero Energy during the 3rd quarter worth about $42,000. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Down 4.6 %

VLO traded down $7.72 during trading on Tuesday, hitting $159.79. 4,143,435 shares of the company's stock were exchanged, compared to its average volume of 3,287,796. The stock has a market cap of $53.13 billion, a P/E ratio of 7.91, a PEG ratio of 1.50 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. The business's 50 day moving average is $162.12 and its two-hundred day moving average is $141.29. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO - Get Free Report) last posted its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 EPS for the quarter, topping the consensus estimate of $3.18 by $0.64. The business had revenue of $31.76 billion during the quarter, compared to analysts' expectations of $32.02 billion. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The firm's revenue was down 12.8% on a year-over-year basis. During the same period in the previous year, the business earned $8.27 earnings per share. As a group, equities analysts expect that Valero Energy Co. will post 18.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. TD Cowen reduced their price objective on Valero Energy from $190.00 to $185.00 and set a "buy" rating for the company in a research report on Monday. Scotiabank upped their target price on Valero Energy from $138.00 to $165.00 and gave the stock a "sector outperform" rating in a report on Thursday, April 11th. JPMorgan Chase & Co. raised their price target on Valero Energy from $177.00 to $178.00 and gave the company an "overweight" rating in a research note on Monday, April 1st. Piper Sandler raised their target price on shares of Valero Energy from $161.00 to $198.00 and gave the stock an "overweight" rating in a report on Wednesday, April 3rd. Finally, Bank of America raised shares of Valero Energy from a "neutral" rating to a "buy" rating and increased their target price for the stock from $156.00 to $210.00 in a report on Friday, March 15th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.40.

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.

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