Valero Energy Co. (NYSE:VLO) Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC lessened its holdings in Valero Energy Co. (NYSE:VLO) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,742 shares of the oil and gas company’s stock after selling 14,063 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Valero Energy were worth $5,607,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company lowered their price objective 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. Mizuho lowered their price target on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. TD Cowen cut their price objective on shares of Valero Energy from $121.00 to $118.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. cut their price target on Valero Energy from $152.00 to $147.00 and set an “overweight” rating on the stock in a report on Monday. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and an average target price of $149.80.

Valero Energy Price Performance

Shares of Valero Energy stock opened at $115.57 on Wednesday. Valero Energy Co. has a 52 week low of $99.00 and a 52 week high of $167.78. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market cap of $36.40 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. The company’s 50-day moving average price is $122.18 and its two-hundred day moving average price is $129.42.

Valero Energy (NYSE:VLO) last released its 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). The business had revenue of $28.76 billion during the quarter, compared to the consensus estimate of $28.54 billion. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.82 earnings per share. As a group, sell-side analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current fiscal 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.