Valero Energy Co. (NYSE:VLO) Shares Sold by Quarry LP

Quarry LP cut its holdings in Valero Energy Co. (NYSE:VLO) by 32.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 385 shares of the oil and gas company’s stock after selling 187 shares during the period. Quarry LP’s holdings in Valero Energy were worth $47,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of VLO. World Investment Advisors LLC lifted its holdings in shares of Valero Energy by 34.7% in the 3rd quarter. World Investment Advisors LLC now owns 4,245 shares of the oil and gas company’s stock worth $573,000 after purchasing an additional 1,093 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Valero Energy in the third quarter valued at $342,000. Synovus Financial Corp boosted its holdings in shares of Valero Energy by 43.6% during the third quarter. Synovus Financial Corp now owns 20,642 shares of the oil and gas company’s stock valued at $2,787,000 after acquiring an additional 6,272 shares during the period. Franklin Resources Inc. grew its position in shares of Valero Energy by 5.6% during the third quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company’s stock worth $639,268,000 after acquiring an additional 247,630 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Valero Energy by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 368,454 shares of the oil and gas company’s stock worth $49,752,000 after acquiring an additional 3,065 shares during the period. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Raymond James reduced their price objective on Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 9th. UBS Group decreased their price target on Valero Energy from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, April 28th. Wells Fargo & Company cut their price objective on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Piper Sandler decreased their target price on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Finally, The Goldman Sachs Group upgraded shares of Valero Energy from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $115.00 to $127.00 in a research report on Monday, April 28th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.80.

Valero Energy Price Performance

VLO stock opened at $118.89 on Friday. The firm has a 50-day moving average of $121.11 and a two-hundred day moving average of $129.04. The firm has a market capitalization of $37.45 billion, a PE ratio of 14.02, a P/E/G ratio of 2.93 and a beta of 1.17. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a one year low of $99.00 and a one year high of $167.78.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.27). The firm had revenue of $28.76 billion for the quarter, compared to analysts’ expectations of $28.54 billion. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.82 earnings per share. On average, analysts forecast that Valero Energy Co. will post 7.92 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.