Valero Energy Co. (NYSE:VLO) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC trimmed its position in Valero Energy Co. (NYSE:VLO) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,613 shares of the oil and gas company’s stock after selling 293 shares during the period. NewEdge Wealth LLC’s holdings in Valero Energy were worth $340,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Morgan Stanley boosted its holdings in Valero Energy by 4.1% in the 4th quarter. Morgan Stanley now owns 10,065,228 shares of the oil and gas company’s stock worth $1,276,875,000 after buying an additional 395,771 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Valero Energy by 8.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,635,050 shares of the oil and gas company’s stock worth $775,264,000 after purchasing an additional 587,056 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Valero Energy by 7.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 6,128,301 shares of the oil and gas company’s stock worth $718,850,000 after purchasing an additional 434,057 shares in the last quarter. Norges Bank purchased a new position in Valero Energy in the 4th quarter worth approximately $534,892,000. Finally, Northern Trust Corp lifted its stake in Valero Energy by 3.2% in the 3rd quarter. Northern Trust Corp now owns 3,899,875 shares of the oil and gas company’s stock worth $552,651,000 after purchasing an additional 121,057 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Raymond James raised their target price on shares of Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. Barclays raised their target price on shares of Valero Energy from $149.00 to $179.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. TD Cowen lifted their price target on shares of Valero Energy from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, April 8th. UBS Group lifted their price target on shares of Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, March 26th. Finally, Citigroup initiated coverage on shares of Valero Energy in a research report on Wednesday, January 24th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $172.40.

Valero Energy Stock Down 1.0 %

Valero Energy stock opened at $167.26 on Thursday. Valero Energy Co. has a fifty-two week low of $104.18 and a fifty-two week high of $184.79. 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 firm has a 50 day moving average price of $157.71 and a 200 day moving average price of $138.95. The company has a market capitalization of $55.61 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 1.63 and a beta of 1.54.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 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 the consensus estimate of $34.76 billion. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The company’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.45 earnings per share. Research analysts expect that Valero Energy Co. will post 17.25 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.