Gray Wealth Management Inc. Reduces Stock Holdings in Valero Energy Co. (NYSE:VLO)

Gray Wealth Management Inc. reduced its stake in shares of Valero Energy Co. (NYSE:VLO) by 25.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 filing with the SEC.

Several other hedge funds have also modified their holdings of VLO. Marino Stram & Associates LLC increased its holdings in Valero Energy by 0.9% during the 4th quarter. Marino Stram & Associates LLC now owns 8,384 shares of the oil and gas company’s stock worth $1,090,000 after purchasing an additional 77 shares during the last quarter. Miller Howard Investments Inc. NY increased its holdings in Valero Energy by 0.5% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 16,630 shares of the oil and gas company’s stock worth $2,357,000 after purchasing an additional 79 shares during the last quarter. First Trust Direct Indexing L.P. increased its holdings in Valero Energy by 0.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,000 shares of the oil and gas company’s stock worth $1,417,000 after purchasing an additional 81 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in Valero Energy by 5.0% during the 4th quarter. Arkadios Wealth Advisors now owns 1,690 shares of the oil and gas company’s stock worth $220,000 after purchasing an additional 81 shares during the last quarter. Finally, Fulcrum Equity Management increased its holdings in Valero Energy by 1.0% during the 4th quarter. Fulcrum Equity Management now owns 8,806 shares of the oil and gas company’s stock worth $1,145,000 after purchasing an additional 86 shares during the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Trading Up 1.5 %

Shares of Valero Energy stock traded up $2.42 on Friday, reaching $164.91. 407,999 shares of the company were exchanged, compared to its average volume of 3,325,818. Valero Energy Co. has a fifty-two week low of $104.18 and a fifty-two week high of $184.79. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The firm has a market capitalization 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 stock has a fifty day moving average price of $158.12 and a 200-day moving average price of $139.11.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.95 by $0.60. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The business had revenue of $35.41 billion for the quarter, compared to the consensus estimate of $34.76 billion. During the same quarter in the previous year, the company posted $8.45 earnings per share. Valero Energy’s revenue for the quarter was down 15.2% compared to the same quarter last year. On average, analysts expect that Valero Energy Co. will post 17.31 EPS for the current year.

Analysts Set New Price Targets

VLO has been the topic of several analyst reports. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $156.00 to $210.00 in a report on Friday, March 15th. TD Cowen boosted 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. The Goldman Sachs Group boosted their price target on Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. JPMorgan Chase & Co. boosted their price target on Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Finally, Raymond James boosted their price objective on Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.63.

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.