Hsbc Holdings PLC Increases Stake in Valero Energy Co. (NYSE:VLO)

Hsbc Holdings PLC grew its position in Valero Energy Co. (NYSE:VLO) by 35.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,235,642 shares of the oil and gas company’s stock after buying an additional 323,586 shares during the period. Hsbc Holdings PLC owned approximately 0.39% of Valero Energy worth $151,321,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. World Investment Advisors lifted its position in Valero Energy by 1.8% in the 4th quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company’s stock valued at $530,000 after acquiring an additional 78 shares in the last quarter. Segment Wealth Management LLC lifted its holdings in shares of Valero Energy by 1.7% during the fourth quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company’s stock valued at $606,000 after purchasing an additional 81 shares in the last quarter. Silver Coast Investments LLC boosted its position in shares of Valero Energy by 1.7% during the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company’s stock valued at $622,000 after buying an additional 83 shares during the last quarter. Patrick M Sweeney & Associates Inc. increased its holdings in Valero Energy by 2.0% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company’s stock worth $575,000 after buying an additional 90 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators raised its position in Valero Energy by 6.6% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company’s stock worth $186,000 after buying an additional 94 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Up 3.3 %

Shares of VLO stock opened at $112.41 on Wednesday. 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 Co. has a one year low of $99.00 and a one year high of $168.85. The company’s fifty day moving average price is $124.45 and its 200-day moving average price is $130.34. The company has a market capitalization of $35.41 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 2.93 and a beta of 1.17.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating 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%. Sell-side analysts expect that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VLO shares. Wells Fargo & Company reduced their price target 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. 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 research report on Friday, March 7th. Raymond James lowered their price target 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. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Mizuho lowered their target price on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.46.

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.