Valero Energy Co. (NYSE:VLO) Shares Sold by Sfmg LLC

Sfmg LLC lowered its position in Valero Energy Co. (NYSE:VLO) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,577 shares of the oil and gas company’s stock after selling 99 shares during the period. Sfmg LLC’s holdings in Valero Energy were worth $335,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Deutsche Bank AG grew its holdings in shares of Valero Energy by 5.8% in the 3rd quarter. Deutsche Bank AG now owns 1,005,346 shares of the oil and gas company’s stock worth $142,468,000 after acquiring an additional 55,351 shares during the period. Stiles Financial Services Inc grew its holdings in shares of Valero Energy by 49.7% in the 4th quarter. Stiles Financial Services Inc now owns 7,615 shares of the oil and gas company’s stock worth $991,000 after acquiring an additional 2,529 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Valero Energy by 14.0% in the 4th quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock worth $362,569,000 after acquiring an additional 342,218 shares during the period. Nordea Investment Management AB grew its holdings in shares of Valero Energy by 3.0% in the 4th quarter. Nordea Investment Management AB now owns 645,726 shares of the oil and gas company’s stock worth $83,867,000 after acquiring an additional 18,575 shares during the period. Finally, Public Sector Pension Investment Board grew its holdings in shares of Valero Energy by 10.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 83,290 shares of the oil and gas company’s stock worth $11,803,000 after acquiring an additional 7,910 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Price Performance

Shares of Valero Energy stock opened at $167.26 on Thursday. Valero Energy Co. has a twelve month low of $104.18 and a twelve month high of $184.79. The stock has a market capitalization of $55.61 billion, a P/E ratio of 6.76, a PEG ratio of 1.63 and a beta of 1.54. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average price is $157.71 and its 200 day moving average price is $138.95.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.95 by $0.60. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The firm had revenue of $35.41 billion for the quarter, compared to analysts’ expectations of $34.76 billion. During the same quarter last year, the firm earned $8.45 earnings per share. The firm’s revenue for the quarter was down 15.2% compared to the same quarter last year. As a group, research analysts anticipate that Valero Energy Co. will post 17.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on VLO shares. Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $156.00 to $210.00 in a research note on Friday, March 15th. The Goldman Sachs Group upped their target price on Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. UBS Group upped their target price on Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. Citigroup assumed coverage on Valero Energy in a research note on Wednesday, January 24th. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. increased their price target on Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.40.

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.