Nilsine Partners LLC Grows Holdings in Valero Energy Co. (NYSE:VLO)

Nilsine Partners LLC increased its position in shares of Valero Energy Co. (NYSE:VLO) by 5.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,163 shares of the oil and gas company’s stock after purchasing an additional 108 shares during the quarter. Nilsine Partners LLC’s holdings in Valero Energy were worth $369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC purchased a new position in Valero Energy in the fourth quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Valero Energy in the third quarter valued at about $28,000. Rise Advisors LLC purchased a new position in Valero Energy in the first quarter valued at about $33,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Valero Energy during the 4th quarter valued at approximately $36,000. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Valero Energy during the 4th quarter valued at approximately $38,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VLO has been the topic of a number of recent research reports. UBS Group upped their price target on shares of Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $156.00 to $210.00 in a research note on Friday, March 15th. Raymond James upped their price target on shares of Valero Energy from $154.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Friday, January 26th. Scotiabank upped their price target on shares of Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Finally, 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 research note on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and a consensus target price of $174.40.

Valero Energy Price Performance

Shares of NYSE:VLO traded down $7.72 during trading on Tuesday, reaching $159.79. The company had a trading volume of 4,143,435 shares, compared to its average volume of 3,287,796. The company has a fifty day moving average of $162.12 and a two-hundred day moving average of $141.29. The stock has a market capitalization of $53.13 billion, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 1.50 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 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.64. The firm had revenue of $31.76 billion for the quarter, compared to analyst estimates of $32.02 billion. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.27 EPS. Equities research analysts forecast that Valero Energy Co. will post 18.37 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.