Patton Albertson Miller Group LLC increased its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 15.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,020 shares of the oil and gas company's stock after purchasing an additional 5,958 shares during the quarter. Patton Albertson Miller Group LLC's holdings in Valero Energy were worth $5,853,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in VLO. Summa Corp. acquired a new stake in shares of Valero Energy during the 4th quarter valued at $7,332,000. Wealthspire Advisors LLC raised its holdings in Valero Energy by 21.6% during the 4th quarter. Wealthspire Advisors LLC now owns 14,073 shares of the oil and gas company's stock worth $1,829,000 after buying an additional 2,499 shares during the period. Catalyst Financial Partners LLC lifted its stake in Valero Energy by 4.4% during the fourth quarter. Catalyst Financial Partners LLC now owns 2,076 shares of the oil and gas company's stock valued at $270,000 after buying an additional 87 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Valero Energy by 3.4% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 12,254 shares of the oil and gas company's stock worth $1,593,000 after buying an additional 400 shares during the period. Finally, National Pension Service increased its position in shares of Valero Energy by 2.9% in the fourth quarter. National Pension Service now owns 880,801 shares of the oil and gas company's stock worth $114,504,000 after acquiring an additional 24,657 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on VLO. Citigroup raised their price objective on shares of Valero Energy from $160.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. upped their price target on Valero Energy from $177.00 to $178.00 and gave the company an "overweight" rating in a research report on Monday, April 1st. Wells Fargo & Company raised their price objective on Valero Energy from $171.00 to $184.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 4th. Piper Sandler upped their target price on Valero Energy from $161.00 to $198.00 and gave the company an "overweight" rating in a report on Wednesday, April 3rd. Finally, Scotiabank raised their price target 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $174.40.
Read Our Latest Report on VLO
Valero Energy Stock Performance
Shares of Valero Energy stock traded down $2.74 on Friday, reaching $156.13. The stock had a trading volume of 2,005,390 shares, compared to its average volume of 3,214,578. Valero Energy Co. has a fifty-two week low of $105.66 and a fifty-two week high of $184.79. The business's 50-day moving average price is $164.40 and its two-hundred day moving average price is $142.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.59. The stock has a market cap of $51.05 billion, a P/E ratio of 7.78, a price-to-earnings-growth ratio of 1.46 and a beta of 1.55.
Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.64. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The business had revenue of $31.76 billion during the quarter, compared to analysts' expectations of $32.02 billion. During the same quarter in the previous year, the firm earned $8.27 EPS. The firm's revenue was down 12.8% compared to the same quarter last year. On average, sell-side analysts forecast that Valero Energy Co. will post 18.02 EPS for the current year.
Valero Energy Company Profile
(
Free Report)
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.
Further Reading
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