State of Tennessee Department of Treasury Has $13.26 Million Stake in Valero Energy Co. (NYSE:VLO)

State of Tennessee Department of Treasury lifted its stake in Valero Energy Co. (NYSE:VLO - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,161 shares of the oil and gas company's stock after buying an additional 3,241 shares during the period. State of Tennessee Department of Treasury's holdings in Valero Energy were worth $13,259,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new stake in shares of Valero Energy during the 4th quarter valued at about $25,000. Tobam acquired a new stake in Valero Energy during the fourth quarter valued at approximately $30,000. OFI Invest Asset Management bought a new stake in shares of Valero Energy in the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC acquired a new position in shares of Valero Energy in the 4th quarter worth approximately $38,000. Finally, Creative Capital Management Investments LLC lifted 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 worth $41,000 after buying an additional 183 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Up 0.3 %

Shares of NYSE:VLO traded up $0.32 during trading on Monday, hitting $114.19. 700,916 shares of the company's stock traded hands, compared to its average volume of 3,003,485. The company has a market cap of $35.97 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. Valero Energy Co. has a 52 week low of $99.00 and a 52 week high of $168.85. The company has a 50-day moving average price of $123.10 and a 200-day moving average price of $129.71. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. As a group, research analysts forecast that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Mizuho cut their price objective on Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on shares of Valero Energy from $152.00 to $147.00 and set an "overweight" rating for the company in a research note on Monday. Wells Fargo & Company reduced their price target on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Scotiabank dropped their target price on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Finally, Morgan Stanley lowered their price objective on Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Valero Energy has an average rating of "Moderate Buy" and an average price target of $149.79.

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.