Cullen Frost Bankers Inc. Sells 6,672 Shares of Valero Energy Co. (NYSE:VLO)

Cullen Frost Bankers Inc. decreased its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,909 shares of the oil and gas company's stock after selling 6,672 shares during the period. Cullen Frost Bankers Inc. owned 0.05% of Valero Energy worth $23,388,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VLO. International Assets Investment Management LLC boosted its stake in Valero Energy by 12,883.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,047,360 shares of the oil and gas company's stock valued at $136,157,000 after buying an additional 1,039,293 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Valero Energy by 94.4% during the third quarter. Acadian Asset Management LLC now owns 1,429,706 shares of the oil and gas company's stock valued at $202,585,000 after buying an additional 694,224 shares during the last quarter. Morgan Stanley boosted its stake in Valero Energy by 6.1% during the third quarter. Morgan Stanley now owns 8,961,603 shares of the oil and gas company's stock valued at $1,269,949,000 after buying an additional 517,068 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Valero Energy by 14.0% during the fourth quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company's stock valued at $362,569,000 after buying an additional 342,218 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its stake in Valero Energy by 36.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 938,771 shares of the oil and gas company's stock valued at $122,040,000 after buying an additional 250,326 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Trading Down 1.0 %

VLO traded down $1.53 during trading on Tuesday, hitting $156.67. 2,221,240 shares of the stock were exchanged, compared to its average volume of 3,250,421. The firm has a 50 day simple moving average of $163.69 and a 200 day simple moving average of $142.19. The firm has a market cap of $51.23 billion, a price-to-earnings ratio of 7.76, 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 the consensus estimate of $3.18 by $0.64. The business had revenue of $31.76 billion for 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 for the quarter was down 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $8.27 EPS. As a group, equities analysts expect that Valero Energy Co. will post 18.02 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VLO shares. JPMorgan Chase & Co. increased 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. UBS Group upped their price objective on Valero Energy from $167.00 to $197.00 and gave the company a "buy" rating in a research report on Tuesday, March 26th. Piper Sandler upped their price objective on Valero Energy from $161.00 to $198.00 and gave the company an "overweight" rating in a research report on Wednesday, April 3rd. Raymond James upped their price objective on Valero Energy from $154.00 to $155.00 and gave the company a "strong-buy" rating in a research report on Friday, January 26th. Finally, Wells Fargo & Company increased their price target on Valero Energy from $171.00 to $184.00 and gave the stock an "equal weight" rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average 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.

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