Desjardins Global Asset Management Inc. Sells 2,780 Shares of Valero Energy Co. (NYSE:VLO)

Desjardins Global Asset Management Inc. trimmed its stake in shares of Valero Energy Co. (NYSE:VLO) by 68.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,267 shares of the oil and gas company’s stock after selling 2,780 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Valero Energy were worth $165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of VLO. BKM Wealth Management LLC purchased a new stake in Valero Energy in the 4th quarter worth approximately $26,000. Live Oak Investment Partners purchased a new stake in Valero Energy in the 4th quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Valero Energy in the 3rd quarter worth approximately $28,000. Quarry LP lifted its holdings in Valero Energy by 1,676.9% in the 1st quarter. Quarry LP now owns 231 shares of the oil and gas company’s stock worth $32,000 after buying an additional 218 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new stake in Valero Energy in the 4th quarter worth approximately $38,000. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Piper Sandler increased their price objective on Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. Citigroup raised their target price on Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James raised their target price on Valero Energy from $154.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Friday, January 26th. UBS Group raised their target price on Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. Finally, The Goldman Sachs Group raised 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $173.63.

Valero Energy Stock Down 2.9 %

Shares of NYSE:VLO opened at $162.49 on Friday. The stock has a fifty day simple moving average of $158.12 and a two-hundred day simple moving average of $139.11. The stock has a market capitalization of $54.02 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 1.61 and a beta of 1.54. Valero Energy Co. has a 12-month low of $104.18 and a 12-month 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.

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

About Valero Energy

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.