Ameriprise Financial Inc. increased its stake in Valero Energy Co. (NYSE:VLO - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,938,335 shares of the oil and gas company's stock after buying an additional 429,252 shares during the quarter. Ameriprise Financial Inc. owned about 2.51% of Valero Energy worth $973,119,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of VLO. World Investment Advisors LLC lifted its position in shares of Valero Energy by 34.7% during the third quarter. World Investment Advisors LLC now owns 4,245 shares of the oil and gas company's stock worth $573,000 after purchasing an additional 1,093 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Valero Energy in the 3rd quarter worth $342,000. Franklin Resources Inc. boosted its position in Valero Energy by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company's stock valued at $639,268,000 after buying an additional 247,630 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Valero Energy by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 368,454 shares of the oil and gas company's stock valued at $49,752,000 after purchasing an additional 3,065 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Valero Energy by 18.1% during the 4th quarter. Versant Capital Management Inc now owns 1,521 shares of the oil and gas company's stock valued at $186,000 after buying an additional 233 shares during the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.
Valero Energy Stock Up 3.5 %
VLO opened at $118.89 on Friday. The stock's 50 day moving average price is $121.11 and its 200 day moving average price is $128.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The stock has a market cap of $37.45 billion, a P/E ratio of 14.02, a P/E/G ratio of 2.93 and a beta of 1.17. Valero Energy Co. has a 12 month low of $99.00 and a 12 month high of $167.78.
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 business had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. Valero Energy's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the business posted $3.82 earnings per share. As a group, research analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts recently issued reports on VLO shares. Piper Sandler cut their price target on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Morgan Stanley decreased their price target on Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Scotiabank cut their price objective on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. TD Cowen decreased their target price on Valero Energy from $121.00 to $118.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, UBS Group dropped their price target on Valero Energy from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Valero Energy has a consensus rating of "Moderate Buy" and a consensus target price of $149.80.
Read Our Latest Analysis on Valero Energy
About Valero Energy
(
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.
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