Field & Main Bank Decreases Stock Holdings in Valero Energy Co. (NYSE:VLO)

Field & Main Bank reduced its stake in shares of Valero Energy Co. (NYSE:VLO) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,905 shares of the oil and gas company’s stock after selling 215 shares during the quarter. Field & Main Bank’s holdings in Valero Energy were worth $1,028,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Morgan Stanley lifted its stake in shares of Valero Energy by 6.1% during the 3rd quarter. Morgan Stanley now owns 8,961,603 shares of the oil and gas company’s stock worth $1,269,949,000 after purchasing an additional 517,068 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Valero Energy by 3.2% during the 3rd quarter. Northern Trust Corp now owns 3,899,875 shares of the oil and gas company’s stock worth $552,651,000 after purchasing an additional 121,057 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Valero Energy by 14.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock worth $362,569,000 after purchasing an additional 342,218 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Valero Energy by 7.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,025,956 shares of the oil and gas company’s stock worth $287,098,000 after purchasing an additional 133,689 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. raised its stake in Valero Energy by 6.5% in the third quarter. Montrusco Bolton Investments Inc. now owns 2,013,205 shares of the oil and gas company’s stock valued at $285,291,000 after buying an additional 122,252 shares during the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Stock Performance

Valero Energy stock traded up $1.73 during midday trading on Monday, hitting $167.53. 2,082,097 shares of the company were exchanged, compared to its average volume of 3,277,363. The firm has a market capitalization of $55.70 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 1.50 and a beta of 1.54. Valero Energy Co. has a fifty-two week low of $104.18 and a fifty-two week high of $184.79. The business has a fifty day simple moving average of $161.63 and a two-hundred day simple moving average of $141.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.59.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 EPS for the quarter, topping the consensus estimate 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 return on equity of 24.82% and a net margin of 5.01%. Valero Energy’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period last year, the company earned $8.27 earnings per share. On average, sell-side analysts forecast that Valero Energy Co. will post 18.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Piper Sandler increased their price target on Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Wells Fargo & Company increased their price target on Valero Energy from $171.00 to $184.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. The Goldman Sachs Group increased their price target on Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Mizuho cut Valero Energy from a “buy” rating to a “neutral” rating and increased their price target for the company from $150.00 to $173.00 in a research note on Friday, March 22nd. Finally, Raymond James increased their price target on Valero Energy from $154.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and an average target price of $174.80.

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.