1,621 Shares in Valero Energy Co. (NYSE:VLO) Acquired by Balanced Wealth Group LLC

Balanced Wealth Group LLC acquired a new stake in Valero Energy Co. (NYSE:VLO) during the 4th quarter, Holdings Channel.com reports. The fund acquired 1,621 shares of the oil and gas company’s stock, valued at approximately $211,000.

Several other large investors have also made changes to their positions in the business. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Valero Energy during the third quarter valued at $28,000. BKM Wealth Management LLC acquired a new position in Valero Energy in the 4th quarter worth about $26,000. Wetzel Investment Advisors Inc. purchased a new position in Valero Energy during the fourth quarter worth approximately $36,000. FSC Wealth Advisors LLC purchased a new stake in shares of Valero Energy in the fourth quarter valued at approximately $38,000. Finally, Authentikos Wealth Advisory LLC purchased a new position in shares of Valero Energy during the 3rd quarter valued at approximately $42,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Up 0.3 %

NYSE VLO traded up $0.40 during trading hours on Wednesday, hitting $157.07. 2,769,342 shares of the company were exchanged, compared to its average volume of 3,245,021. The company has a 50 day moving average of $163.69 and a two-hundred day moving average of $142.19. The firm has a market cap of $51.36 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 1.46 and a beta of 1.55. Valero Energy Co. has a 52-week low of $105.49 and a 52-week high of $184.79. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last issued its 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. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The business had revenue of $31.76 billion during the quarter, compared to analysts’ expectations of $32.02 billion. During the same quarter in the prior year, the business posted $8.27 EPS. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. Equities research analysts anticipate that Valero Energy Co. will post 18.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VLO. Piper Sandler raised their price target on shares of Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Raymond James increased their price target on shares of Valero Energy from $154.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Friday, January 26th. Wells Fargo & Company lifted their price target on shares of Valero Energy from $171.00 to $184.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. UBS Group lifted their target price on Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, March 26th. Finally, Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $156.00 to $210.00 in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.