Public Employees Retirement Association of Colorado Reduces Stock Holdings in Valero Energy Co. (NYSE:VLO)

Public Employees Retirement Association of Colorado lowered its stake in Valero Energy Co. (NYSE:VLO - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,254 shares of the oil and gas company's stock after selling 2,987 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in Valero Energy were worth $5,303,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Berger Financial Group Inc raised its position in shares of Valero Energy by 13.8% during the 4th quarter. Berger Financial Group Inc now owns 6,584 shares of the oil and gas company's stock valued at $807,000 after buying an additional 796 shares in the last quarter. Prosperity Consulting Group LLC raised its position in Valero Energy by 11.9% during the fourth quarter. Prosperity Consulting Group LLC now owns 20,102 shares of the oil and gas company's stock valued at $2,464,000 after purchasing an additional 2,134 shares during the period. Boothbay Fund Management LLC bought a new stake in shares of Valero Energy in the 4th quarter valued at approximately $1,138,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Valero Energy in the 4th quarter worth approximately $18,624,000. Finally, Integrated Wealth Concepts LLC increased its position in shares of Valero Energy by 15.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 42,897 shares of the oil and gas company's stock valued at $5,259,000 after purchasing an additional 5,639 shares during the last quarter. Institutional investors own 78.69% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Piper Sandler dropped their price target on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Tudor Pickering upgraded Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Scotiabank reduced their price target on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. dropped their price objective on Valero Energy from $152.00 to $147.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, The Goldman Sachs Group upgraded Valero Energy from a "sell" rating to a "neutral" rating and increased their target price for the stock from $115.00 to $127.00 in a research note on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $149.80.

Valero Energy Stock Up 3.5 %

Shares of NYSE:VLO traded up $4.01 on Friday, reaching $118.89. The company had a trading volume of 2,600,530 shares, compared to its average volume of 3,007,853. The firm has a market capitalization of $37.45 billion, a PE ratio of 14.02, a PEG 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 52-week low of $99.00 and a 52-week high of $167.78. The firm's 50 day simple moving average is $121.11 and its 200-day simple moving average is $129.04.

Valero Energy (NYSE:VLO - Get Free Report) last announced 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 return on equity of 9.58% and a net margin of 2.13%. The firm had revenue of $28.76 billion during the quarter, compared to the consensus estimate of $28.54 billion. During the same quarter in the prior year, the firm posted $3.82 earnings per share. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

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.