Signaturefd LLC Sells 238 Shares of Valero Energy Co. (NYSE:VLO)

Signaturefd LLC lessened its stake in shares of Valero Energy Co. (NYSE:VLO) by 7.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,810 shares of the oil and gas company’s stock after selling 238 shares during the period. Signaturefd LLC’s holdings in Valero Energy were worth $365,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG increased its stake in Valero Energy by 5.8% during the 3rd quarter. Deutsche Bank AG now owns 1,005,346 shares of the oil and gas company’s stock worth $142,468,000 after acquiring an additional 55,351 shares during the period. Stiles Financial Services Inc boosted its holdings in shares of Valero Energy by 49.7% in the 4th quarter. Stiles Financial Services Inc now owns 7,615 shares of the oil and gas company’s stock valued at $991,000 after purchasing an additional 2,529 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Valero Energy by 14.0% in the 4th quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock valued at $362,569,000 after purchasing an additional 342,218 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Valero Energy by 3.0% in the 4th quarter. Nordea Investment Management AB now owns 645,726 shares of the oil and gas company’s stock valued at $83,867,000 after purchasing an additional 18,575 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Valero Energy by 10.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 83,290 shares of the oil and gas company’s stock valued at $11,803,000 after purchasing an additional 7,910 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on VLO. TD Cowen raised their target price on Valero Energy from $175.00 to $190.00 and gave the company a “buy” rating in a report on Monday, April 8th. Mizuho downgraded Valero Energy from a “buy” rating to a “neutral” rating and raised their target price for the company from $150.00 to $173.00 in a report on Friday, March 22nd. Scotiabank raised their target price on Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Citigroup raised their target price on Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, Piper Sandler raised their price objective on Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $173.63.

Valero Energy Stock Up 0.1 %

Shares of NYSE:VLO opened at $167.13 on Friday. The firm has a market cap of $55.57 billion, a P/E ratio of 6.76, a P/E/G ratio of 1.52 and a beta of 1.54. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 12-month low of $104.18 and a 12-month high of $184.79. The business has a fifty day simple moving average of $160.54 and a 200 day simple moving average of $140.34.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Valero Energy’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same period last year, the company earned $8.45 EPS. Analysts predict that Valero Energy Co. will post 18.31 earnings per share for the current 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.