First Republic Investment Management Inc. Reduces Stake in Valero Energy Co. (NYSE:VLO)

First Republic Investment Management Inc. trimmed its stake in Valero Energy Co. (NYSE:VLOGet Rating) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 233,978 shares of the oil and gas company’s stock after selling 12,937 shares during the quarter. First Republic Investment Management Inc. owned approximately 0.06% of Valero Energy worth $25,000,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VLO. State Street Corp lifted its stake in shares of Valero Energy by 2.4% during the 2nd quarter. State Street Corp now owns 29,341,245 shares of the oil and gas company’s stock valued at $3,118,388,000 after buying an additional 700,532 shares in the last quarter. FMR LLC lifted its stake in shares of Valero Energy by 53.4% during the 2nd quarter. FMR LLC now owns 15,471,401 shares of the oil and gas company’s stock valued at $1,644,300,000 after buying an additional 5,384,997 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Valero Energy by 8.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,635,050 shares of the oil and gas company’s stock valued at $775,264,000 after buying an additional 587,056 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Valero Energy by 9.2% during the 2nd quarter. Legal & General Group Plc now owns 3,170,769 shares of the oil and gas company’s stock valued at $336,989,000 after buying an additional 267,770 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Valero Energy by 12.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,343,175 shares of the oil and gas company’s stock valued at $249,033,000 after buying an additional 265,213 shares in the last quarter. 79.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VLO has been the topic of a number of analyst reports. Wells Fargo & Company upped their target price on shares of Valero Energy from $137.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 5th. Barclays upped their target price on shares of Valero Energy from $134.00 to $138.00 and gave the stock an “overweight” rating in a report on Wednesday, October 26th. Mizuho reaffirmed a “buy” rating and set a $157.00 target price (up previously from $150.00) on shares of Valero Energy in a report on Tuesday, January 10th. StockNews.com raised shares of Valero Energy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 18th. Finally, Piper Sandler decreased their target price on shares of Valero Energy from $177.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, December 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $142.80.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $145.03 on Wednesday. The stock has a market cap of $55.91 billion, a PE ratio of 6.19, a PEG ratio of 1.12 and a beta of 1.63. The company’s fifty day moving average is $129.26 and its 200 day moving average is $120.18. Valero Energy Co. has a 52 week low of $76.60 and a 52 week high of $160.16. The company has a quick ratio of 0.93, a current ratio of 1.32 and a debt-to-equity ratio of 0.45.

Valero Energy (NYSE:VLOGet Rating) last issued its earnings results on Tuesday, October 25th. The oil and gas company reported $7.14 EPS for the quarter, topping analysts’ consensus estimates of $7.00 by $0.14. The company had revenue of $44.45 billion for the quarter, compared to analysts’ expectations of $41.16 billion. Valero Energy had a net margin of 5.53% and a return on equity of 43.20%. The firm’s revenue was up 50.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 EPS. Research analysts anticipate that Valero Energy Co. will post 28.24 earnings per share for the current year.

Insider Buying and Selling

In other Valero Energy news, CEO Joseph W. Gorder sold 37,567 shares of the firm’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $127.00, for a total value of $4,771,009.00. Following the sale, the chief executive officer now owns 569,786 shares of the company’s stock, valued at approximately $72,362,822. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Valero Energy news, EVP Gary K. Simmons sold 1,750 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $135.16, for a total value of $236,530.00. Following the sale, the executive vice president now owns 165,299 shares of the company’s stock, valued at approximately $22,341,812.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Joseph W. Gorder sold 37,567 shares of Valero Energy stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $127.00, for a total transaction of $4,771,009.00. Following the sale, the chief executive officer now directly owns 569,786 shares in the company, valued at approximately $72,362,822. The disclosure for this sale can be found here. 0.04% of the stock is owned by corporate insiders.

Valero Energy Company Profile

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Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. It operates through the following business segments: Refining, Ethanol and Renewable Diesel. The Refining segment consists of refining operations, associated marketing activities, and logistics assets that support its refining operations.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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