OVERSEA CHINESE BANKING Corp Ltd Sells 4,976 Shares of Valero Energy Co. (NYSE:VLO)

OVERSEA CHINESE BANKING Corp Ltd lowered its stake in Valero Energy Co. (NYSE:VLOFree Report) by 51.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,758 shares of the oil and gas company’s stock after selling 4,976 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Valero Energy were worth $619,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VLO. Norges Bank bought a new position in Valero Energy in the fourth quarter valued at approximately $534,892,000. International Assets Investment Management LLC lifted its stake in Valero Energy by 12,883.3% in the fourth 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 buying an additional 1,039,293 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Valero Energy by 121.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,739,618 shares of the oil and gas company’s stock valued at $242,853,000 after buying an additional 952,518 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Valero Energy by 94.4% in 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 in the last quarter. Finally, Holocene Advisors LP bought a new stake in shares of Valero Energy in the second quarter worth $75,019,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Up 0.9 %

VLO stock opened at $163.89 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.56. The company’s 50-day simple moving average is $158.54 and its 200 day simple moving average is $139.40. Valero Energy Co. has a 52 week low of $104.18 and a 52 week high of $184.79. The company has a market capitalization of $54.49 billion, a PE ratio of 6.63, a price-to-earnings-growth ratio of 1.50 and a beta of 1.54.

Valero Energy (NYSE:VLOGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, beating the consensus estimate of $2.95 by $0.60. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The business had revenue of $35.41 billion for the quarter, compared to the consensus estimate of $34.76 billion. During the same period in the prior year, the company posted $8.45 earnings per share. Valero Energy’s revenue was down 15.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Valero Energy Co. will post 18.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on VLO shares. Piper Sandler boosted their price objective 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. TD Cowen boosted their price objective on shares of Valero Energy from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Mizuho lowered shares of Valero Energy from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $150.00 to $173.00 in a research report on Friday, March 22nd. Citigroup boosted their price objective on shares of Valero Energy from $160.00 to $192.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Raymond James boosted their target price on shares of Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $173.63.

Check Out Our Latest Report on VLO

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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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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