Gray Wealth Management Inc. Sells 524 Shares of Valero Energy Co. (NYSE:VLO)

Gray Wealth Management Inc. decreased its holdings in Valero Energy Co. (NYSE:VLO) by 25.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,553 shares of the oil and gas company’s stock after selling 524 shares during the quarter. Gray Wealth Management Inc.’s holdings in Valero Energy were worth $202,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Valero Energy during the 3rd quarter worth approximately $28,000. BKM Wealth Management LLC bought a new position in shares of Valero Energy during the 4th quarter worth approximately $26,000. Live Oak Investment Partners bought a new position in shares of Valero Energy during the 4th quarter worth approximately $26,000. Quarry LP lifted its position in shares of Valero Energy by 1,676.9% during the 1st quarter. Quarry LP now owns 231 shares of the oil and gas company’s stock worth $32,000 after buying an additional 218 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Valero Energy during the 1st quarter worth approximately $40,000. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Valero Energy from $160.00 to $192.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group raised their price target on shares of Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. Piper Sandler raised their price target on shares of Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Mizuho lowered shares of Valero Energy from a “buy” rating to a “neutral” rating and raised their price target for the stock from $150.00 to $173.00 in a research note on Friday, March 22nd. Finally, Barclays raised their price target on shares of Valero Energy from $149.00 to $179.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.63.

Valero Energy Price Performance

Shares of VLO traded up $2.42 during mid-day trading on Friday, reaching $164.91. 407,999 shares of the stock traded hands, compared to its average volume of 3,325,818. The firm has a fifty day moving average price of $158.12 and a 200 day moving average price of $139.11. The company has a market cap of $54.83 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 1.61 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. Valero Energy Co. has a 1 year low of $104.18 and a 1 year high of $184.79.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, beating analysts’ consensus estimates of $2.95 by $0.60. The firm had revenue of $35.41 billion during the quarter, compared to analyst estimates of $34.76 billion. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The business’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same period in the previous year, the business earned $8.45 EPS. As a group, equities research analysts predict that Valero Energy Co. will post 17.31 earnings per share for the current 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.