OLD National Bancorp IN Sells 3,009 Shares of Valero Energy Co. (NYSE:VLO)

OLD National Bancorp IN reduced its stake in shares of Valero Energy Co. (NYSE:VLO) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,650 shares of the oil and gas company’s stock after selling 3,009 shares during the quarter. OLD National Bancorp IN’s holdings in Valero Energy were worth $2,034,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VLO. BKM Wealth Management LLC bought a new position in shares of Valero Energy during the fourth quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Valero Energy during the third quarter worth about $28,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Valero Energy during the fourth quarter worth about $36,000. FSC Wealth Advisors LLC purchased a new stake in shares of Valero Energy during the fourth quarter worth about $38,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in shares of Valero Energy during the third quarter worth about $42,000. 78.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Raymond James raised their price objective on shares of Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $156.00 to $210.00 in a report on Friday, March 15th. Mizuho lowered shares of Valero Energy from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $150.00 to $173.00 in a report on Friday, March 22nd. Finally, Piper Sandler raised their price objective 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 issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Valero Energy presently has an average rating of “Moderate Buy” and a consensus price target of $173.63.

Valero Energy Price Performance

VLO stock opened at $165.94 on Tuesday. The firm has a 50 day moving average price of $159.00 and a 200-day moving average price of $139.68. Valero Energy Co. has a 52-week low of $104.18 and a 52-week high of $184.79. The firm has a market capitalization of $55.17 billion, a price-to-earnings ratio of 6.71, a PEG ratio of 1.50 and a beta of 1.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.56.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.95 by $0.60. The company had revenue of $35.41 billion during the quarter, compared to the consensus estimate of $34.76 billion. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The firm’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter last year, the firm earned $8.45 earnings per share. Equities research analysts forecast that Valero Energy Co. will post 18.25 EPS for the current fiscal year.

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.