Choreo LLC Has $720,000 Position in Valero Energy Co. (NYSE:VLO)

Choreo LLC increased its holdings in shares of Valero Energy Co. (NYSE:VLO) by 188.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,541 shares of the oil and gas company’s stock after acquiring an additional 3,617 shares during the period. Choreo LLC’s holdings in Valero Energy were worth $720,000 at the end of the most recent reporting period.

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

Valero Energy Trading Down 2.6 %

VLO opened at $155.66 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10. The company has a market cap of $51.75 billion, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 1.46 and a beta of 1.55. The firm has a 50 day simple moving average of $162.49 and a 200 day simple moving average of $141.39. Valero Energy Co. has a fifty-two week low of $104.18 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.64. The business had revenue of $31.76 billion during the quarter, compared to the consensus estimate of $32.02 billion. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. Valero Energy’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.27 earnings per share. On average, sell-side analysts anticipate that Valero Energy Co. will post 18.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on VLO. Barclays reduced their price target on shares of Valero Energy from $179.00 to $173.00 and set an “overweight” rating on the stock in a research report on Tuesday. Piper Sandler boosted their price target on shares of Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. TD Cowen reduced their price target on shares of Valero Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday. Citigroup boosted their price target on shares of Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Raymond James boosted 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 report on Friday, January 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.