Canal Capital Management LLC Has $456,000 Stake in Valero Energy Co. (NYSE:VLO)

Canal Capital Management LLC cut its stake in shares of Valero Energy Co. (NYSE:VLO) by 41.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,717 shares of the oil and gas company’s stock after selling 2,586 shares during the period. Canal Capital Management LLC’s holdings in Valero Energy were worth $456,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. State of Tennessee Department of Treasury grew its stake in Valero Energy by 3.1% in the fourth quarter. State of Tennessee Department of Treasury now owns 108,161 shares of the oil and gas company’s stock valued at $13,259,000 after purchasing an additional 3,241 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Valero Energy by 18.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 20,764 shares of the oil and gas company’s stock worth $2,545,000 after purchasing an additional 3,227 shares in the last quarter. Transce3nd LLC acquired a new stake in shares of Valero Energy during the 4th quarter valued at about $58,000. Mirabella Financial Services LLP acquired a new position in Valero Energy in the fourth quarter worth approximately $1,288,000. Finally, MetLife Investment Management LLC raised its position in Valero Energy by 0.6% during the fourth quarter. MetLife Investment Management LLC now owns 83,775 shares of the oil and gas company’s stock valued at $10,270,000 after acquiring an additional 489 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

VLO has been the topic of several analyst reports. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Scotiabank cut their target price on Valero Energy from $156.00 to $136.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Wells Fargo & Company decreased their price target on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Piper Sandler reduced their target price on Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Finally, Raymond James dropped their price target on shares of Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and a consensus target price of $152.46.

Valero Energy Trading Up 2.7 %

Valero Energy stock opened at $109.98 on Monday. Valero Energy Co. has a 12 month low of $99.00 and a 12 month high of $168.85. The stock has a market cap of $34.64 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. The business has a 50 day moving average price of $125.26 and a two-hundred day moving average price of $130.70. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. As a group, equities analysts forecast that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Profile

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.