Connecticut Wealth Management LLC Has $626,000 Stock Holdings in Valero Energy Co. (NYSE:VLO)

Connecticut Wealth Management LLC grew its position in shares of Valero Energy Co. (NYSE:VLO) by 47.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,819 shares of the oil and gas company’s stock after acquiring an additional 1,551 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Valero Energy were worth $626,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Marino Stram & Associates LLC boosted its holdings in Valero Energy by 0.9% during the fourth quarter. Marino Stram & Associates LLC now owns 8,384 shares of the oil and gas company’s stock worth $1,090,000 after purchasing an additional 77 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in Valero Energy by 0.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,000 shares of the oil and gas company’s stock worth $1,417,000 after buying an additional 81 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Valero Energy by 5.0% during the 4th quarter. Arkadios Wealth Advisors now owns 1,690 shares of the oil and gas company’s stock worth $220,000 after buying an additional 81 shares during the last quarter. Fulcrum Equity Management grew its holdings in shares of Valero Energy by 1.0% in the 4th quarter. Fulcrum Equity Management now owns 8,806 shares of the oil and gas company’s stock valued at $1,145,000 after acquiring an additional 86 shares in the last quarter. Finally, McIlrath & Eck LLC increased its position in shares of Valero Energy by 40.3% in the third quarter. McIlrath & Eck LLC now owns 303 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 87 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Performance

Shares of Valero Energy stock traded down $0.50 on Friday, hitting $156.84. The stock had a trading volume of 2,356,803 shares, compared to its average volume of 2,689,989. The stock has a market cap of $52.15 billion, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 1.44 and a beta of 1.55. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a twelve month low of $104.18 and a twelve month high of $184.79. The business’s 50 day moving average is $163.15 and its two-hundred day moving average is $141.82.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.64. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. 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 EPS. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. Analysts forecast that Valero Energy Co. will post 18.02 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on VLO shares. UBS Group raised their price target on Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. The Goldman Sachs Group raised their target price on shares of Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. upped their price target on shares of Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Barclays decreased their price objective on shares of Valero Energy from $179.00 to $173.00 and set an “overweight” rating for the company in a research report on Tuesday, April 30th. Finally, Scotiabank upped their target price on shares of Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and an average target price of $174.40.

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.