Choreo LLC Boosts Holdings in Valero Energy Co. (NYSE:VLO)

Choreo LLC raised its holdings in Valero Energy Co. (NYSE:VLO) by 188.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,541 shares of the oil and gas company’s stock after acquiring an additional 3,617 shares during the quarter. Choreo LLC’s holdings in Valero Energy were worth $720,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Valero Energy in the 3rd quarter valued at about $28,000. BKM Wealth Management LLC purchased a new stake in Valero Energy in the 4th quarter valued at about $26,000. Wetzel Investment Advisors Inc. purchased a new stake in Valero Energy in the 4th quarter valued at about $36,000. FSC Wealth Advisors LLC purchased a new stake in Valero Energy in the 4th quarter valued at about $38,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in Valero Energy in the 3rd quarter valued at about $42,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on VLO shares. TD Cowen lowered their price target on Valero Energy from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday. Wells Fargo & Company boosted their target price on Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. The Goldman Sachs Group boosted their target price on Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. Scotiabank boosted their target price on Valero Energy from $138.00 to $165.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Finally, UBS Group boosted their target price on Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, March 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and an average target price of $174.40.

Valero Energy Stock Performance

Shares of VLO opened at $155.66 on Thursday. The business’s 50 day moving average is $162.49 and its two-hundred day moving average is $141.39. Valero Energy Co. has a 52-week low of $104.18 and a 52-week high of $184.79. The firm has a market cap of $51.75 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 1.46 and a beta of 1.55. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.64. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The company had revenue of $31.76 billion for the quarter, compared to analyst estimates of $32.02 billion. During the same period in the prior year, the company posted $8.27 EPS. Valero Energy’s quarterly revenue was down 12.8% on a year-over-year basis. Analysts forecast that Valero Energy Co. will post 18.3 EPS for the current fiscal 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.