Verdence Capital Advisors LLC Raises Holdings in Valero Energy Co. (NYSE:VLO)

Verdence Capital Advisors LLC lifted its stake in Valero Energy Co. (NYSE:VLOFree Report) by 20.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,626 shares of the oil and gas company’s stock after acquiring an additional 1,318 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Valero Energy were worth $991,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Deutsche Bank AG lifted its holdings in shares of Valero Energy by 5.8% during the 3rd quarter. Deutsche Bank AG now owns 1,005,346 shares of the oil and gas company’s stock valued at $142,468,000 after buying an additional 55,351 shares during the period. Stiles Financial Services Inc boosted its position in Valero Energy by 49.7% in the fourth quarter. Stiles Financial Services Inc now owns 7,615 shares of the oil and gas company’s stock worth $991,000 after purchasing an additional 2,529 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of 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 purchasing an additional 342,218 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Valero Energy by 3.0% in the fourth quarter. Nordea Investment Management AB now owns 645,726 shares of the oil and gas company’s stock worth $83,867,000 after buying an additional 18,575 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in Valero Energy by 10.5% during the third quarter. Public Sector Pension Investment Board now owns 83,290 shares of the oil and gas company’s stock valued at $11,803,000 after buying an additional 7,910 shares during the period. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Trading Up 0.9 %

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

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

Analysts Set New Price Targets

VLO has been the topic of several analyst reports. Barclays lifted their price target on shares of Valero Energy from $149.00 to $179.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Raymond James raised their price objective on Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. Citigroup lifted their price target on shares of Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a report on Thursday. Piper Sandler increased their target price on Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Finally, 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 report on Thursday, April 4th. 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, Valero Energy has an average rating of “Moderate Buy” and a consensus target price of $173.63.

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Valero Energy Profile

(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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