Evergreen Wealth Management LLC Has $1.21 Million Position in Valero Energy Co. (NYSE:VLO)

Evergreen Wealth Management LLC increased its position in shares of Valero Energy Co. (NYSE:VLO) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,279 shares of the oil and gas company’s stock after buying an additional 220 shares during the quarter. Evergreen Wealth Management LLC’s holdings in Valero Energy were worth $1,206,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VLO. Miracle Mile Advisors LLC acquired a new stake in shares of Valero Energy during the 3rd quarter worth approximately $242,000. Concord Wealth Partners boosted its stake in 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 worth $811,000 after buying an additional 193 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in Valero Energy by 35.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 6,308 shares of the oil and gas company’s stock valued at $894,000 after buying an additional 1,658 shares during the period. BluePath Capital Management LLC acquired a new position in shares of Valero Energy in the 3rd quarter valued at $300,000. Finally, Jeppson Wealth Management LLC bought a new position in shares of Valero Energy during the 3rd quarter worth about $215,000. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Price Performance

VLO traded down $0.50 during midday trading on Friday, hitting $156.84. The company had a trading volume of 2,356,803 shares, compared to its average volume of 2,689,989. Valero Energy Co. has a twelve month low of $104.18 and a twelve month high of $184.79. The firm’s 50-day simple moving average is $163.15 and its 200-day simple moving average is $141.82. The company has a market capitalization of $52.15 billion, a PE ratio of 7.77, a P/E/G ratio of 1.44 and a beta of 1.55. 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 issued its quarterly earnings results 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. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The business had revenue of $31.76 billion during the quarter, compared to analyst estimates of $32.02 billion. During the same quarter last year, the business posted $8.27 earnings per share. Valero Energy’s revenue for the quarter was down 12.8% compared to the same quarter last year. Equities research analysts predict that Valero Energy Co. will post 18.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $156.00 to $210.00 in a research note on Friday, March 15th. Citigroup increased their target price on Valero Energy from $160.00 to $192.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Wells Fargo & Company boosted 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. Raymond James increased their price objective on Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. Finally, Scotiabank boosted their target price on shares of Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and a consensus price target of $174.40.

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.