Pinebridge Investments L.P. Acquires 9,664 Shares of Valero Energy Co. (NYSE:VLO)

Pinebridge Investments L.P. grew its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 40.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,462 shares of the oil and gas company's stock after purchasing an additional 9,664 shares during the period. Pinebridge Investments L.P.'s holdings in Valero Energy were worth $4,102,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. New Wave Wealth Advisors LLC bought a new stake in shares of Valero Energy during the 4th quarter worth about $25,000. Tobam bought a new stake in Valero Energy during the fourth quarter worth approximately $30,000. OFI Invest Asset Management acquired a new stake in Valero Energy in the fourth quarter worth approximately $37,000. Golden State Wealth Management LLC bought a new position in Valero Energy during the 4th quarter valued at $38,000. Finally, Creative Capital Management Investments LLC increased its position in shares of Valero Energy by 122.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock valued at $41,000 after purchasing an additional 183 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Down 0.3 %

Shares of NYSE:VLO traded down $0.35 during trading on Wednesday, reaching $115.17. 2,318,706 shares of the company traded hands, compared to its average volume of 3,006,220. Valero Energy Co. has a 1-year low of $99.00 and a 1-year high of $167.78. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The firm has a market cap of $36.28 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. The firm has a fifty day simple moving average of $122.18 and a 200 day simple moving average of $129.42.

Valero Energy (NYSE:VLO - Get Free Report) last issued its earnings results on Thursday, April 24th. The oil and gas company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The firm had revenue of $28.76 billion during the quarter, compared to analysts' expectations of $28.54 billion. During the same quarter last year, the firm earned $3.82 EPS. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. Analysts anticipate that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on VLO. UBS Group decreased their target price on Valero Energy from $160.00 to $150.00 and set a "buy" rating for the company in a research note on Monday. The Goldman Sachs Group raised shares of Valero Energy from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $115.00 to $127.00 in a research note on Monday. Scotiabank cut their target price on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Mizuho decreased their price target on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. Finally, TD Cowen dropped their price target on Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $149.80.

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.