Xponance Inc. Has $8.24 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Xponance Inc. cut its stake in Valero Energy Co. (NYSE:VLO) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,395 shares of the oil and gas company’s stock after selling 124 shares during the period. Xponance Inc.’s holdings in Valero Energy were worth $8,241,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AIA Group Ltd acquired a new position in shares of Valero Energy during the 4th quarter worth $246,000. Oliver Lagore Vanvalin Investment Group raised its holdings in shares of Valero Energy by 5.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 4,034 shares of the oil and gas company’s stock worth $524,000 after buying an additional 197 shares in the last quarter. Ninety One UK Ltd raised its holdings in shares of Valero Energy by 106.9% during the 4th quarter. Ninety One UK Ltd now owns 352,789 shares of the oil and gas company’s stock worth $45,863,000 after buying an additional 182,272 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Valero Energy by 4.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 31,652 shares of the oil and gas company’s stock worth $4,115,000 after buying an additional 1,396 shares in the last quarter. Finally, Key Financial Inc raised its holdings in shares of Valero Energy by 27.2% during the 4th quarter. Key Financial Inc now owns 467 shares of the oil and gas company’s stock worth $61,000 after buying an additional 100 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Up 0.9 %

Shares of Valero Energy stock opened at $163.90 on Friday. Valero Energy Co. has a one year low of $104.18 and a one year high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.56 and a quick ratio of 1.11. The stock’s 50-day moving average is $158.54 and its 200 day moving average is $139.29. The firm has a market cap of $54.49 billion, a price-to-earnings ratio of 6.63, a PEG ratio of 1.48 and a beta of 1.54.

Valero Energy (NYSE:VLO) last announced its earnings results 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 return on equity of 31.62% and a net margin of 6.10%. The company had revenue of $35.41 billion for the quarter, compared to analyst estimates of $34.76 billion. During the same quarter in the prior year, the company earned $8.45 EPS. The firm’s revenue for the quarter was down 15.2% compared to the same quarter last year. Equities research analysts anticipate that Valero Energy Co. will post 18.25 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $156.00 to $210.00 in a report on Friday, March 15th. Wells Fargo & Company boosted their price objective on Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. boosted their price objective on Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Barclays boosted their price objective on Valero Energy from $149.00 to $179.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Finally, Scotiabank boosted their price objective on Valero Energy from $138.00 to $165.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.