Adage Capital Partners GP L.L.C. Acquires 3,800 Shares of Valero Energy Co. (NYSE:VLO)

Adage Capital Partners GP L.L.C. boosted its holdings in shares of Valero Energy Co. (NYSE:VLO) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 245,800 shares of the oil and gas company’s stock after purchasing an additional 3,800 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.08% of Valero Energy worth $30,133,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. New Wave Wealth Advisors LLC purchased a new position in shares of Valero Energy in the fourth quarter worth $25,000. Tobam bought a new stake in Valero Energy in the 4th quarter valued at $30,000. OFI Invest Asset Management purchased a new stake in Valero Energy in the 4th quarter worth $37,000. Golden State Wealth Management LLC bought a new position in shares of Valero Energy during the 4th quarter valued at about $38,000. Finally, Creative Capital Management Investments LLC grew its position 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 valued at $41,000 after purchasing an additional 183 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Price Performance

VLO opened at $113.87 on Friday. The business has a fifty day moving average of $123.10 and a 200 day moving average of $129.86. The stock has a market cap of $35.87 billion, a P/E ratio of 13.43, a PEG ratio of 2.93 and a beta of 1.17. 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 Co. has a 52-week low of $99.00 and a 52-week high of $168.85.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.27). Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. The company had revenue of $28.76 billion during the quarter, compared to the consensus estimate of $28.54 billion. As a group, sell-side analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Morgan Stanley decreased their target price on Valero Energy from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday. Mizuho decreased their price objective on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Piper Sandler cut their target price on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Raymond James decreased 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 note on Wednesday, April 9th. Finally, Wells Fargo & Company dropped their price objective on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.36.

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.