Intact Investment Management Inc. Has $3.07 Million Stock Position in Valero Energy Co. (NYSE:VLO)

Intact Investment Management Inc. grew its position in Valero Energy Co. (NYSE:VLO) by 73.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,600 shares of the oil and gas company’s stock after purchasing an additional 10,000 shares during the period. Intact Investment Management Inc.’s holdings in Valero Energy were worth $3,068,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Valero Energy in the 3rd quarter worth about $28,000. BKM Wealth Management LLC bought a new stake in shares of Valero Energy during the 4th quarter worth about $26,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Valero Energy during the 4th quarter worth about $36,000. FSC Wealth Advisors LLC bought a new stake in shares of Valero Energy during the 4th quarter worth about $38,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of Valero Energy during the 3rd quarter worth about $42,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Trading Down 0.8 %

VLO stock traded down $1.33 during midday trading on Friday, hitting $165.80. 2,065,193 shares of the company’s stock were exchanged, compared to its average volume of 2,618,982. The stock’s fifty day moving average price is $161.07 and its 200-day moving average price is $140.68. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.56. The company has a market cap of $55.13 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.51 and a beta of 1.54. Valero Energy Co. has a one year low of $104.18 and a one year high of $184.79.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.64. Valero Energy had a return on equity of 24.95% and a net margin of 5.01%. The firm had revenue of $31.76 billion for the quarter, compared to the consensus estimate of $32.02 billion. During the same quarter last year, the business posted $8.27 EPS. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. Research analysts predict that Valero Energy Co. will post 18.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on VLO. The Goldman Sachs Group increased their target price on Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Barclays raised their price target on Valero Energy from $149.00 to $179.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Mizuho cut Valero Energy from a “buy” rating to a “neutral” rating and raised their price target for the company from $150.00 to $173.00 in a report on Friday, March 22nd. Citigroup raised their price target on Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, UBS Group raised their price target on Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.