New York State Common Retirement Fund Lowers Stock Holdings in Valero Energy Co. (NYSE:VLO)

New York State Common Retirement Fund lowered its stake in Valero Energy Co. (NYSE:VLO) by 13.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 412,937 shares of the oil and gas company’s stock after selling 63,766 shares during the period. New York State Common Retirement Fund owned approximately 0.12% of Valero Energy worth $53,682,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. BKM Wealth Management LLC purchased a new position in Valero Energy in the 4th quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Valero Energy during the 3rd quarter valued at $28,000. Wetzel Investment Advisors Inc. purchased a new stake in Valero Energy during the 4th quarter valued at $36,000. FSC Wealth Advisors LLC purchased a new stake in Valero Energy during the 4th quarter valued at $38,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in Valero Energy during the 3rd quarter valued at $42,000. 78.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TD Cowen upped their target price on shares of Valero Energy from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, April 8th. JPMorgan Chase & Co. upped their target price 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. Piper Sandler increased 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. UBS Group increased 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. Finally, Citigroup raised their target price on shares of Valero Energy from $160.00 to $192.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.63.

Valero Energy Stock Up 1.0 %

VLO stock opened at $167.51 on Wednesday. The firm’s fifty day simple moving average is $159.52 and its 200-day simple moving average is $139.96. The company has a market capitalization of $55.69 billion, a P/E ratio of 6.77, a price-to-earnings-growth ratio of 1.51 and a beta of 1.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.56 and a quick ratio of 1.11. Valero Energy Co. has a 12 month low of $104.18 and a 12 month high of $184.79.

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