Roman Butler Fullerton & Co. Decreases Stake in Valero Energy Co. (NYSE:VLO)

Roman Butler Fullerton & Co. reduced its stake in shares of Valero Energy Co. (NYSE:VLO) by 9.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,727 shares of the oil and gas company’s stock after selling 946 shares during the period. Roman Butler Fullerton & Co.’s holdings in Valero Energy were worth $1,203,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Daiwa Securities Group Inc. boosted its position in shares of Valero Energy by 4.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 31,652 shares of the oil and gas company’s stock worth $4,115,000 after purchasing an additional 1,396 shares in the last quarter. Key Financial Inc boosted its position in shares of Valero Energy by 27.2% in the 4th quarter. Key Financial Inc now owns 467 shares of the oil and gas company’s stock worth $61,000 after buying an additional 100 shares in the last quarter. Oakworth Capital Inc. boosted its position in shares of Valero Energy by 56,398.4% in the 4th quarter. Oakworth Capital Inc. now owns 70,623 shares of the oil and gas company’s stock worth $9,181,000 after buying an additional 70,498 shares in the last quarter. Scissortail Wealth Management LLC boosted its position in shares of Valero Energy by 931.3% in the 4th quarter. Scissortail Wealth Management LLC now owns 22,369 shares of the oil and gas company’s stock worth $3,095,000 after buying an additional 20,200 shares in the last quarter. Finally, Tyche Wealth Partners LLC purchased a new stake in shares of Valero Energy in the 4th quarter worth about $678,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VLO shares. JPMorgan Chase & Co. boosted their price objective on shares of Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. The Goldman Sachs Group boosted their target price on shares of Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Scotiabank boosted their target price on shares of Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Barclays increased their target price on shares of Valero Energy from $149.00 to $179.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Finally, TD Cowen raised their price target on shares of Valero Energy from $175.00 to $190.00 and gave the company a “buy” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $172.40.

Valero Energy Stock Performance

VLO traded down $2.17 on Thursday, reaching $165.11. The company had a trading volume of 436,730 shares, compared to its average volume of 3,327,911. Valero Energy Co. has a fifty-two week low of $104.18 and a fifty-two week high of $184.79. The stock has a market cap of $54.90 billion, a P/E ratio of 6.76, a P/E/G ratio of 1.63 and a beta of 1.54. The company’s fifty day moving average is $157.71 and its 200 day moving average is $138.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.56.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.95 by $0.60. The business had revenue of $35.41 billion for the quarter, compared to analyst estimates of $34.76 billion. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The firm’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same quarter last year, the business posted $8.45 EPS. As a group, analysts predict that Valero Energy Co. will post 17.25 earnings per share for the current fiscal year.

About Valero Energy

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.