Valero Energy Co. (NYSE:VLO) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its stake in Valero Energy Co. (NYSE:VLO - Free Report) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 711,291 shares of the oil and gas company's stock after acquiring an additional 4,024 shares during the period. The Manufacturers Life Insurance Company owned 0.22% of Valero Energy worth $87,196,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. New Wave Wealth Advisors LLC bought a new stake in Valero Energy during the 4th quarter valued at $25,000. Tobam purchased a new position in shares of Valero Energy during the fourth quarter valued at $30,000. Golden State Wealth Management LLC bought a new stake in shares of Valero Energy in the fourth quarter valued at about $38,000. OFI Invest Asset Management purchased a new stake in Valero Energy in the fourth quarter worth about $37,000. Finally, Creative Capital Management Investments LLC grew its holdings in 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 acquiring an additional 183 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Performance

Shares of NYSE:VLO traded up $4.01 on Friday, hitting $118.89. 2,600,530 shares of the company were exchanged, compared to its average volume of 3,010,467. The firm has a market capitalization of $37.45 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. 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 Co. has a 1-year low of $99.00 and a 1-year high of $167.78. The stock's 50 day moving average price is $121.11 and its 200 day moving average price is $128.99.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly 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). The firm 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%. The business's revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.82 EPS. Sell-side analysts predict that Valero Energy Co. will post 7.92 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Raymond James reduced their price target on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. reduced their price objective 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, April 28th. Mizuho dropped their target price on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group raised Valero Energy from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $115.00 to $127.00 in a research report on Monday, April 28th. Finally, Wells Fargo & Company dropped their price objective on Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twelve have assigned 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 a consensus rating of "Moderate Buy" and a consensus 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.