Truist Financial Corp Decreases Stock Holdings in Valero Energy Co. (NYSE:VLO)

Truist Financial Corp cut its holdings in Valero Energy Co. (NYSE:VLO) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 161,509 shares of the oil and gas company’s stock after selling 17,610 shares during the quarter. Truist Financial Corp’s holdings in Valero Energy were worth $20,996,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in Valero Energy by 12,883.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,047,360 shares of the oil and gas company’s stock valued at $136,157,000 after acquiring an additional 1,039,293 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Valero Energy by 94.4% during the 3rd quarter. Acadian Asset Management LLC now owns 1,429,706 shares of the oil and gas company’s stock valued at $202,585,000 after purchasing an additional 694,224 shares during the last quarter. Morgan Stanley raised its position in Valero Energy by 6.1% in 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 period. Pacer Advisors Inc. lifted its stake in Valero Energy by 14.0% in the fourth 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. Finally, AustralianSuper Pty Ltd raised its holdings in shares of Valero Energy by 36.4% in the fourth quarter. AustralianSuper Pty Ltd now owns 938,771 shares of the oil and gas company’s stock worth $122,040,000 after buying an additional 250,326 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group increased their target price on Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Barclays raised their target price on shares of Valero Energy from $149.00 to $179.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $156.00 to $210.00 in a research note on Friday, March 15th. JPMorgan Chase & Co. lifted their target price on Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.80.

Valero Energy Trading Up 1.0 %

NYSE VLO opened at $167.53 on Tuesday. The company has a 50 day moving average price of $161.63 and a 200 day moving average price of $141.05. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 52 week low of $104.18 and a 52 week high of $184.79. The firm has a market cap 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 (NYSE:VLO) last issued its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.64. The company had revenue of $31.76 billion during 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%. The firm’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter last year, the business posted $8.27 EPS. As a group, sell-side analysts forecast that Valero Energy Co. will post 18.37 EPS for the current fiscal year.

Valero Energy 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.