Valero Energy Co. (NYSE:VLO) Shares Sold by PGGM Investments

PGGM Investments reduced its holdings in Valero Energy Co. (NYSE:VLO) by 7.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,243 shares of the oil and gas company’s stock after selling 5,164 shares during the quarter. PGGM Investments’ holdings in Valero Energy were worth $8,222,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Intact Investment Management Inc. increased its stake in Valero Energy by 73.5% during the fourth quarter. Intact Investment Management Inc. now owns 23,600 shares of the oil and gas company’s stock worth $3,068,000 after acquiring an additional 10,000 shares during the last quarter. Addison Advisors LLC increased its stake in Valero Energy by 438.6% during the fourth quarter. Addison Advisors LLC now owns 614 shares of the oil and gas company’s stock worth $80,000 after acquiring an additional 500 shares during the last quarter. Kovack Advisors Inc. increased its stake in Valero Energy by 17.7% during the fourth quarter. Kovack Advisors Inc. now owns 2,641 shares of the oil and gas company’s stock worth $343,000 after acquiring an additional 398 shares during the last quarter. Bahl & Gaynor Inc. increased its stake in Valero Energy by 1.6% during the fourth quarter. Bahl & Gaynor Inc. now owns 22,046 shares of the oil and gas company’s stock worth $2,866,000 after acquiring an additional 338 shares during the last quarter. Finally, O Brien Greene & Co. Inc increased its stake in Valero Energy by 1.3% during the fourth quarter. O Brien Greene & Co. Inc now owns 51,779 shares of the oil and gas company’s stock worth $6,731,000 after acquiring an additional 662 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Down 0.8 %

NYSE VLO traded down $1.33 on Friday, hitting $165.80. 2,065,193 shares of the stock traded hands, compared to its average volume of 2,618,982. The stock has a 50-day moving average of $161.07 and a 200 day moving average of $140.68. Valero Energy Co. has a twelve month low of $104.18 and a twelve month high of $184.79. The company has a market capitalization of $55.13 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 1.51 and a beta of 1.54. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.64. The business had revenue of $31.76 billion for the quarter, compared to analysts’ expectations of $32.02 billion. Valero Energy had a return on equity of 24.95% and a net margin of 5.01%. The business’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $8.27 EPS. As a group, analysts expect that Valero Energy Co. will post 18.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VLO. Citigroup upped their price target on Valero Energy from $160.00 to $192.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. upped their target price on Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Barclays upped their target price on Valero Energy from $149.00 to $179.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Piper Sandler upped their target price on Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Finally, Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $156.00 to $210.00 in a research report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.63.

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.