Alaska Permanent Fund Corp Sells 797 Shares of Valero Energy Co. (NYSE:VLO)

Alaska Permanent Fund Corp lessened its position in shares of Valero Energy Co. (NYSE:VLO) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,508 shares of the oil and gas company’s stock after selling 797 shares during the period. Alaska Permanent Fund Corp’s holdings in Valero Energy were worth $4,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. BKM Wealth Management LLC bought a new position in shares of Valero Energy during the fourth quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Valero Energy in the third quarter worth $28,000. Wetzel Investment Advisors Inc. acquired a new stake in Valero Energy in the fourth quarter worth $36,000. FSC Wealth Advisors LLC acquired a new stake in Valero Energy in the fourth quarter worth $38,000. Finally, Authentikos Wealth Advisory LLC bought a new position in shares of Valero Energy in the third quarter valued at $42,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

VLO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Raymond James lifted their price objective on shares of Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 26th. Piper Sandler lifted their price objective on shares of Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. The Goldman Sachs Group lifted their price objective on shares of Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Finally, UBS Group lifted their price objective 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and an average target price of $173.63.

Valero Energy Trading Down 0.3 %

Shares of VLO traded down $0.54 during mid-day trading on Wednesday, reaching $167.00. The company’s stock had a trading volume of 2,338,928 shares, compared to its average volume of 3,307,412. The stock has a market cap of $55.52 billion, a PE ratio of 6.74, a P/E/G ratio of 1.51 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 52 week low of $104.18 and a 52 week high of $184.79. The company’s fifty day moving average price is $159.52 and its two-hundred day moving average price is $139.96.

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

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.