Shorepoint Capital Partners LLC Trims Holdings in Valero Energy Co. (NYSE:VLO)

Shorepoint Capital Partners LLC reduced its stake in shares of Valero Energy Co. (NYSE:VLO) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,963 shares of the oil and gas company’s stock after selling 1,127 shares during the quarter. Shorepoint Capital Partners LLC’s holdings in Valero Energy were worth $1,099,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Valero Energy by 16.1% during the fourth quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company’s stock worth $4,257,024,000 after acquiring an additional 4,805,133 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Valero Energy by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company’s stock worth $1,311,864,000 after buying an additional 413,963 shares in the last quarter. Geode Capital Management LLC boosted its position in Valero Energy by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 6,871,229 shares of the oil and gas company’s stock valued at $844,775,000 after acquiring an additional 100,248 shares in the last quarter. Norges Bank purchased a new position in shares of Valero Energy in the 4th quarter valued at $669,400,000. Finally, Franklin Resources Inc. lifted its stake in shares of Valero Energy by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 4,759,172 shares of the oil and gas company’s stock worth $583,427,000 after purchasing an additional 71,587 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Up 0.4 %

VLO stock opened at $113.87 on Friday. The stock has a market capitalization of $35.87 billion, a P/E ratio of 13.43, a P/E/G ratio of 2.93 and a beta of 1.17. Valero Energy Co. has a 52 week low of $99.00 and a 52 week high of $168.85. The firm has a 50-day simple moving average of $123.10 and a 200-day simple moving average of $129.80. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. The business had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. Equities analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on VLO shares. Mizuho decreased their target price on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. TD Cowen lowered their price objective on Valero Energy from $121.00 to $118.00 and set a “buy” rating for the company in a research report on Friday. Scotiabank reduced their target price on Valero Energy from $156.00 to $136.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Morgan Stanley cut their price objective on shares of Valero Energy from $160.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus price target of $150.36.

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.