Syon Capital LLC Sells 824 Shares of Valero Energy Co. (NYSE:VLO)

Syon Capital LLC reduced its stake in Valero Energy Co. (NYSE:VLO) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,017 shares of the oil and gas company’s stock after selling 824 shares during the period. Syon Capital LLC’s holdings in Valero Energy were worth $1,473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in VLO. New Wave Wealth Advisors LLC acquired a new position in Valero Energy during the fourth quarter worth about $25,000. Tobam acquired a new position in Valero Energy during the 4th quarter worth approximately $30,000. Golden State Wealth Management LLC bought a new position in Valero Energy in the 4th quarter valued at approximately $38,000. OFI Invest Asset Management acquired a new stake in Valero Energy in the fourth quarter valued at approximately $37,000. Finally, Creative Capital Management Investments LLC grew its stake in shares of Valero Energy by 122.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company’s stock worth $41,000 after buying an additional 183 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Raymond James cut their price objective on Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 9th. Scotiabank reduced their price objective on shares of Valero Energy from $156.00 to $136.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Piper Sandler lowered their target price on Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Wells Fargo & Company reduced their price target on Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Mizuho lowered their price objective on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $152.46.

Valero Energy Price Performance

Shares of NYSE VLO opened at $114.45 on Thursday. The firm has a market capitalization of $36.05 billion, a P/E ratio of 13.50, a P/E/G ratio of 2.93 and a beta of 1.17. The firm’s 50-day moving average price is $124.03 and its 200-day moving average price is $130.23. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 1-year low of $99.00 and a 1-year high of $168.85.

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 return on equity of 9.58% and a net margin of 2.13%. Equities research analysts anticipate that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Company 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.