Cambridge Financial Group Inc. Has $5.54 Million Stock Position in Valero Energy Co. (NYSE:VLO)

Cambridge Financial Group Inc. cut its holdings in Valero Energy Co. (NYSE:VLO) by 15.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,580 shares of the oil and gas company’s stock after selling 7,550 shares during the quarter. Valero Energy makes up 2.8% of Cambridge Financial Group Inc.’s holdings, making the stock its 26th biggest holding. Cambridge Financial Group Inc.’s holdings in Valero Energy were worth $5,535,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC acquired a new stake in shares of Valero Energy during the 3rd quarter valued at $242,000. Concord Wealth Partners boosted its stake in shares of Valero Energy by 3.5% during the third quarter. Concord Wealth Partners now owns 5,722 shares of the oil and gas company’s stock valued at $811,000 after purchasing an additional 193 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Valero Energy by 35.7% during the third quarter. Verdence Capital Advisors LLC now owns 6,308 shares of the oil and gas company’s stock worth $894,000 after purchasing an additional 1,658 shares during the last quarter. BluePath Capital Management LLC bought a new position in Valero Energy in the 3rd quarter valued at approximately $300,000. Finally, Jeppson Wealth Management LLC acquired a new stake in Valero Energy during the 3rd quarter worth approximately $215,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VLO. UBS Group raised their price target on shares of Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $156.00 to $210.00 in a report on Friday, March 15th. JPMorgan Chase & Co. increased their price target on Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. The Goldman Sachs Group lifted their price objective on Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. Finally, Piper Sandler raised their price target on shares of Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Valero Energy presently has an average rating of “Moderate Buy” and a consensus target price of $174.40.

Valero Energy Stock Down 0.3 %

Shares of VLO traded down $0.50 during trading hours on Friday, reaching $156.84. The stock had a trading volume of 2,356,803 shares, compared to its average volume of 2,689,989. The firm has a 50-day simple moving average of $163.15 and a 200 day simple moving average of $141.82. Valero Energy Co. has a 12 month low of $104.18 and a 12 month high of $184.79. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $52.15 billion, a price-to-earnings ratio of 7.77, a P/E/G ratio of 1.44 and a beta of 1.55.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 5.01% and a return on equity of 24.82%. The business’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period last year, the firm earned $8.27 earnings per share. Equities research analysts predict that Valero Energy Co. will post 18.02 earnings per share for the current fiscal 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.