Adell Harriman & Carpenter Inc. Buys 3,419 Shares of Valero Energy Co. (NYSE:VLO)

Adell Harriman & Carpenter Inc. grew its stake in Valero Energy Co. (NYSE:VLO) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,032 shares of the oil and gas company’s stock after acquiring an additional 3,419 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Valero Energy were worth $8,064,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caprock Group LLC bought a new stake in shares of Valero Energy during the third quarter worth $214,000. Oak Thistle LLC purchased a new position in shares of Valero Energy during the third quarter valued at approximately $425,000. Valeo Financial Advisors LLC bought a new position in shares of Valero Energy during the third quarter valued at about $383,000. Golden State Equity Partners grew its stake in Valero Energy by 18.5% in the 3rd quarter. Golden State Equity Partners now owns 4,184 shares of the oil and gas company’s stock valued at $593,000 after purchasing an additional 654 shares during the period. Finally, Bfsg LLC purchased a new stake in shares of Valero Energy during the 3rd quarter valued at $424,000. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Performance

Shares of NYSE VLO traded up $1.71 during trading on Monday, reaching $167.51. The stock had a trading volume of 2,081,778 shares, compared to its average volume of 3,277,359. 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 Co. has a one year low of $104.18 and a one year high of $184.79. The firm’s 50 day moving average price is $161.07 and its two-hundred day moving average price is $140.76. The stock has a market cap of $55.69 billion, a PE ratio of 8.21, a P/E/G ratio of 1.50 and a beta of 1.54.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.64. The company had revenue of $31.76 billion during the quarter, compared to the consensus estimate of $32.02 billion. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The firm’s revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.27 EPS. On average, research analysts forecast that Valero Energy Co. will post 18.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VLO has been the topic of a number of recent research reports. Mizuho cut Valero Energy from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $150.00 to $173.00 in a report on Friday, March 22nd. Piper Sandler upped their price target on shares of Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. upped their target price on Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Scotiabank increased their target price on Valero Energy from $138.00 to $165.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Finally, TD Cowen dropped their price target on Valero Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.