4,118 Shares in Valero Energy Co. (NYSE:VLO) Acquired by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in shares of Valero Energy Co. (NYSE:VLO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,118 shares of the oil and gas company’s stock, valued at approximately $572,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Community Bank & Trust Waco Texas lifted its stake in Valero Energy by 23.8% in the fourth quarter. Community Bank & Trust Waco Texas now owns 56,924 shares of the oil and gas company’s stock valued at $7,400,000 after buying an additional 10,928 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Valero Energy by 13.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 86,154 shares of the oil and gas company’s stock worth $11,200,000 after buying an additional 9,944 shares in the last quarter. Foster & Motley Inc. raised its position in Valero Energy by 15.9% in the 4th quarter. Foster & Motley Inc. now owns 12,781 shares of the oil and gas company’s stock valued at $1,662,000 after buying an additional 1,758 shares during the last quarter. RWA Wealth Partners LLC acquired a new position in Valero Energy during the 4th quarter worth approximately $264,000. Finally, Monument Capital Management raised its holdings in shares of Valero Energy by 5.5% in the fourth quarter. Monument Capital Management now owns 2,661 shares of the oil and gas company’s stock valued at $346,000 after purchasing an additional 139 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

Shares of Valero Energy stock traded down $1.01 on Wednesday, reaching $166.53. 960,254 shares of the stock were exchanged, compared to its average volume of 3,289,295. The firm’s 50 day moving average is $159.52 and its 200-day moving average is $139.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.56. Valero Energy Co. has a one year low of $104.18 and a one year high of $184.79. The firm has a market cap of $55.37 billion, a PE ratio of 6.74, a P/E/G ratio of 1.51 and a beta of 1.54.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.95 by $0.60. The firm had revenue of $35.41 billion during the quarter, compared to the consensus estimate of $34.76 billion. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The business’s quarterly revenue was down 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.45 earnings per share. As a group, analysts anticipate that Valero Energy Co. will post 18.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on VLO. UBS Group boosted their price target on shares of Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Mizuho downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating and raised their target price for the company from $150.00 to $173.00 in a research note on Friday, March 22nd. Piper Sandler raised their price target on Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Raymond James increased their price objective on shares of Valero Energy from $154.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Friday, January 26th. Finally, TD Cowen upped their price target on shares of Valero Energy from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.63.

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.