Valero Energy Co. (NYSE:VLO) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI lifted its position in Valero Energy Co. (NYSE:VLO - Free Report) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 290,518 shares of the oil and gas company's stock after acquiring an additional 12,484 shares during the period. National Bank of Canada FI owned 0.09% of Valero Energy worth $38,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in VLO. Measured Wealth Private Client Group LLC boosted its stake in Valero Energy by 11.0% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 6,104 shares of the oil and gas company's stock worth $794,000 after buying an additional 605 shares during the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in Valero Energy during the fourth quarter worth $557,000. AJOVista LLC purchased a new stake in Valero Energy in the fourth quarter valued at $113,000. Sapient Capital LLC purchased a new stake in Valero Energy in the fourth quarter valued at $1,538,000. Finally, Axxcess Wealth Management LLC raised its position in Valero Energy by 9.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 17,620 shares of the oil and gas company's stock valued at $2,291,000 after purchasing an additional 1,508 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Up 0.9 %

Shares of NYSE:VLO traded up $1.40 on Monday, hitting $158.24. 2,127,995 shares of the company's stock were exchanged, compared to its average volume of 3,261,714. The firm's 50-day moving average is $163.41 and its 200 day moving average is $142.01. The company has a market capitalization of $51.74 billion, a PE ratio of 7.84, a P/E/G ratio of 1.45 and a beta of 1.55. Valero Energy Co. has a 1-year low of $105.49 and a 1-year high of $184.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.59.

Valero Energy (NYSE:VLO - Get Free Report) last announced its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.18 by $0.64. The firm 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 business's revenue was down 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $8.27 EPS. Sell-side analysts predict that Valero Energy Co. will post 18.02 EPS for the current year.

Wall Street Analyst Weigh In

VLO has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on Valero Energy from $171.00 to $184.00 and gave the company an "equal weight" rating in a research report on Thursday, April 4th. Scotiabank lifted their target price on Valero Energy from $138.00 to $165.00 and gave the company a "sector outperform" rating in a research report on Thursday, April 11th. Bank of America upgraded Valero Energy from a "neutral" rating to a "buy" rating and lifted their target price for the company from $156.00 to $210.00 in a research report on Friday, March 15th. Barclays reduced their target price on Valero Energy from $179.00 to $173.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 30th. Finally, UBS Group boosted their price objective on Valero Energy from $167.00 to $197.00 and gave the company a "buy" rating in a report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $174.40.

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.