Private Advisor Group LLC Has $6.02 Million Holdings in Valero Energy Co. (NYSE:VLO)

Private Advisor Group LLC grew its position in Valero Energy Co. (NYSE:VLO) by 54.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 46,301 shares of the oil and gas company’s stock after purchasing an additional 16,314 shares during the period. Private Advisor Group LLC’s holdings in Valero Energy were worth $6,019,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley lifted its stake in Valero Energy by 6.1% during the third 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 raised its position in 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. grew its position in shares of Valero Energy by 14.0% in the 4th quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock valued at $362,569,000 after buying an additional 342,218 shares during the last quarter. AQR Capital Management LLC boosted its position in Valero Energy by 7.1% during the third quarter. AQR Capital Management LLC now owns 2,025,956 shares of the oil and gas company’s stock valued at $287,098,000 after acquiring an additional 133,689 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its position in shares of Valero Energy by 6.5% during the 3rd 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 purchasing an additional 122,252 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Price Performance

NYSE VLO opened at $157.07 on Thursday. The company has a market cap of $51.36 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 1.46 and a beta of 1.55. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $163.69 and its two-hundred day simple moving average is $142.19. Valero Energy Co. has a 52 week low of $105.49 and a 52 week high of $184.79.

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. 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 period in the previous year, the business earned $8.27 EPS. Valero Energy’s revenue was down 12.8% compared to the same quarter last year. Research analysts predict that Valero Energy Co. will post 18.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Barclays reduced their target price on Valero Energy from $179.00 to $173.00 and set an “overweight” rating for the company in a research note on Tuesday, April 30th. Mizuho cut shares of Valero Energy from a “buy” rating to a “neutral” rating and raised their price target for the company from $150.00 to $173.00 in a research report on Friday, March 22nd. Piper Sandler boosted their price objective on Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. Scotiabank lifted their target price on Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Finally, TD Cowen decreased their price target on Valero Energy from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.40.

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.