Bison Wealth LLC Sells 389 Shares of Valero Energy Co. (NYSE:VLO)

Bison Wealth LLC reduced its position in Valero Energy Co. (NYSE:VLO) by 11.5% during the fourth quarter, HoldingsChannel reports. The fund owned 3,007 shares of the oil and gas company’s stock after selling 389 shares during the quarter. Bison Wealth LLC’s holdings in Valero Energy were worth $369,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Navigoe LLC bought a new position in Valero Energy in the 4th quarter worth approximately $612,000. Northern Trust Corp lifted its position in shares of Valero Energy by 15.9% during the fourth quarter. Northern Trust Corp now owns 3,850,859 shares of the oil and gas company’s stock worth $472,077,000 after acquiring an additional 529,513 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Valero Energy by 0.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 711,291 shares of the oil and gas company’s stock worth $87,196,000 after acquiring an additional 4,024 shares during the period. Berger Financial Group Inc grew its position in shares of Valero Energy by 13.8% in the fourth quarter. Berger Financial Group Inc now owns 6,584 shares of the oil and gas company’s stock valued at $807,000 after purchasing an additional 796 shares in the last quarter. Finally, Prosperity Consulting Group LLC lifted its holdings in Valero Energy by 11.9% during the 4th quarter. Prosperity Consulting Group LLC now owns 20,102 shares of the oil and gas company’s stock worth $2,464,000 after purchasing an additional 2,134 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VLO. Piper Sandler decreased their price target on Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company lowered their target price on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. TD Cowen reduced their price target on shares of Valero Energy from $121.00 to $118.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Morgan Stanley decreased their price target on shares of Valero Energy from $160.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.80.

Valero Energy Stock Up 0.6 %

Shares of NYSE VLO opened at $116.22 on Thursday. The stock has a market capitalization of $36.61 billion, a P/E ratio of 13.71, a PEG ratio of 2.93 and a beta of 1.17. Valero Energy Co. has a one year low of $99.00 and a one year high of $167.78. The firm’s 50 day simple moving average is $121.81 and its two-hundred day simple moving average is $129.33. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO) last issued 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). Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. The business had revenue of $28.76 billion during the quarter, compared to analysts’ expectations of $28.54 billion. During the same quarter in the previous year, the business earned $3.82 EPS. Valero Energy’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, analysts expect 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.