Sfmg LLC Sells 99 Shares of Valero Energy Co. (NYSE:VLO)

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

Other large investors have also made changes to their positions in the company. Deutsche Bank AG grew its stake in shares of Valero Energy by 5.8% during the 3rd quarter. Deutsche Bank AG now owns 1,005,346 shares of the oil and gas company’s stock valued at $142,468,000 after purchasing an additional 55,351 shares during the period. Stiles Financial Services Inc grew its stake in shares of Valero Energy by 49.7% during the 4th quarter. Stiles Financial Services Inc now owns 7,615 shares of the oil and gas company’s stock valued at $991,000 after purchasing an additional 2,529 shares during the period. Pacer Advisors Inc. lifted its position in shares of Valero Energy by 14.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock valued at $362,569,000 after buying an additional 342,218 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Valero Energy by 3.0% during the 4th quarter. Nordea Investment Management AB now owns 645,726 shares of the oil and gas company’s stock valued at $83,867,000 after buying an additional 18,575 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of Valero Energy by 10.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 83,290 shares of the oil and gas company’s stock valued at $11,803,000 after buying an additional 7,910 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. TD Cowen lifted their price objective on Valero Energy from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Piper Sandler boosted their price target on Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. Raymond James upped their price objective on Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. Wells Fargo & Company upped their price objective on Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. upped their price objective on Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. One investment 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 company. 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 Stock Performance

Shares of Valero Energy stock opened at $167.26 on Thursday. The stock’s fifty day moving average is $157.71 and its two-hundred day moving average is $138.95. The company has a market capitalization of $55.61 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 1.63 and a beta of 1.54. The company has a quick ratio of 1.11, a current ratio of 1.56 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.

Valero Energy (NYSE:VLO) last announced 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. The company had revenue of $35.41 billion for 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%. Valero Energy’s quarterly revenue was down 15.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.45 EPS. As a group, analysts expect that Valero Energy Co. will post 17.25 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.