Field & Main Bank Sells 215 Shares of Valero Energy Co. (NYSE:VLO)

Field & Main Bank trimmed its holdings in shares of Valero Energy Co. (NYSE:VLO) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,905 shares of the oil and gas company’s stock after selling 215 shares during the period. Field & Main Bank’s holdings in Valero Energy were worth $1,028,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of VLO. International Assets Investment Management LLC raised its stake in shares of Valero Energy by 12,883.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,047,360 shares of the oil and gas company’s stock worth $136,157,000 after buying an additional 1,039,293 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Valero Energy by 94.4% during the third quarter. Acadian Asset Management LLC now owns 1,429,706 shares of the oil and gas company’s stock worth $202,585,000 after buying an additional 694,224 shares during the last quarter. Morgan Stanley raised its stake in shares of Valero Energy by 6.1% during the third quarter. Morgan Stanley now owns 8,961,603 shares of the oil and gas company’s stock worth $1,269,949,000 after buying an additional 517,068 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Valero Energy by 14.0% during the fourth 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 during the period. Finally, AustralianSuper Pty Ltd grew its holdings in Valero Energy by 36.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 938,771 shares of the oil and gas company’s stock valued at $122,040,000 after purchasing an additional 250,326 shares during the period. 78.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VLO shares. UBS Group boosted their price objective on shares of Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a report on Tuesday, March 26th. Mizuho cut shares of Valero Energy from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $150.00 to $173.00 in a report on Friday, March 22nd. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $156.00 to $210.00 in a report on Friday, March 15th. Piper Sandler upped their price target on shares of Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Finally, TD Cowen reduced their price target on shares of Valero Energy from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $174.80.

Valero Energy Stock Performance

NYSE VLO traded up $1.73 on Monday, hitting $167.53. 2,082,097 shares of the stock were exchanged, compared to its average volume of 3,277,363. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10. The business’s fifty day moving average is $161.63 and its 200 day moving average is $141.05. Valero Energy Co. has a 52 week low of $104.18 and a 52 week high of $184.79. The company has a market capitalization of $55.70 billion, a PE ratio of 8.30, a P/E/G ratio of 1.50 and a beta of 1.54.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.64. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The firm 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 firm posted $8.27 earnings per share. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. Research analysts anticipate that Valero Energy Co. will post 18.37 EPS for the current fiscal year.

Valero Energy Company 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.