Private Advisor Group LLC Increases Stock Holdings in Valero Energy Co. (NYSE:VLO)

Private Advisor Group LLC grew its stake in Valero Energy Co. (NYSE:VLO - Free Report) by 54.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,301 shares of the oil and gas company's stock after buying an additional 16,314 shares during the period. Private Advisor Group LLC's holdings in Valero Energy were worth $6,019,000 as of its most recent filing with the Securities and Exchange Commission.

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

Valero Energy Price Performance

Shares of Valero Energy stock traded up $1.80 on Thursday, reaching $158.87. The stock had a trading volume of 1,657,927 shares, compared to its average volume of 3,227,672. The business's 50 day moving average is $164.05 and its two-hundred day moving average is $142.29. The company has a market cap of $51.95 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 1.46 and a beta of 1.55. Valero Energy Co. has a 1 year low of $105.66 and a 1 year high of $184.79. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.18 by $0.64. The company had revenue of $31.76 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $8.27 earnings per share. As a group, research analysts anticipate that Valero Energy Co. will post 18.02 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on VLO. Piper Sandler increased their price target on Valero Energy from $161.00 to $198.00 and gave the stock an "overweight" rating in a report on Wednesday, April 3rd. TD Cowen reduced their price target on shares of Valero Energy from $190.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, April 29th. UBS Group upped their price objective on shares of Valero Energy from $167.00 to $197.00 and gave the stock a "buy" rating in a report on Tuesday, March 26th. JPMorgan Chase & Co. lifted their price objective on shares of Valero Energy from $177.00 to $178.00 and gave the company an "overweight" rating in a report on Monday, April 1st. Finally, Mizuho lowered shares of Valero Energy from a "buy" rating to a "neutral" rating and upped their target price for the stock from $150.00 to $173.00 in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.