Great Valley Advisor Group Inc. Reduces Position in Valero Energy Co. (NYSE:VLO)

Great Valley Advisor Group Inc. lowered its stake in shares of Valero Energy Co. (NYSE:VLO) by 1.7% during the fourth quarter, Holdings Channel reports. The fund owned 9,717 shares of the oil and gas company’s stock after selling 170 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Valero Energy were worth $1,264,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VLO. International Assets Investment Management LLC lifted its holdings in Valero Energy by 12,883.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,047,360 shares of the oil and gas company’s stock valued at $136,157,000 after purchasing an additional 1,039,293 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Valero Energy by 94.4% during the third quarter. Acadian Asset Management LLC now owns 1,429,706 shares of the oil and gas company’s stock valued at $202,585,000 after buying an additional 694,224 shares during the period. Morgan Stanley boosted its position in Valero Energy by 6.1% during the third quarter. Morgan Stanley now owns 8,961,603 shares of the oil and gas company’s stock worth $1,269,949,000 after acquiring an additional 517,068 shares during the last quarter. Pacer Advisors Inc. grew its stake in Valero Energy by 14.0% in the 4th quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock worth $362,569,000 after acquiring an additional 342,218 shares during the period. Finally, AustralianSuper Pty Ltd raised its holdings in Valero Energy by 36.4% in the 4th quarter. AustralianSuper Pty Ltd now owns 938,771 shares of the oil and gas company’s stock valued at $122,040,000 after acquiring an additional 250,326 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 0.3 %

Shares of NYSE VLO opened at $156.84 on Friday. Valero Energy Co. has a 12-month low of $104.18 and a 12-month high of $184.79. The company has a market cap of $52.15 billion, a P/E ratio of 7.77, a P/E/G ratio of 1.45 and a beta of 1.55. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average price of $162.85 and a 200 day moving average price of $141.50.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.64. The firm had revenue of $31.76 billion during the quarter, compared to the consensus estimate of $32.02 billion. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The firm’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.27 EPS. Research analysts anticipate that Valero Energy Co. will post 18.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VLO shares. UBS Group raised their price objective on Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. Piper Sandler upped their price target on shares of Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. lifted their price target on shares of Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, April 1st. The Goldman Sachs Group upped their price objective on Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. Finally, Wells Fargo & Company lifted their target price on Valero Energy from $171.00 to $184.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.40.

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.