Valero Energy Co. (NYSE:VLO) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lessened its holdings in shares of Valero Energy Co. (NYSE:VLO) by 11.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,857 shares of the oil and gas company’s stock after selling 764 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Valero Energy were worth $761,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its position in Valero Energy by 5.8% during the 3rd quarter. Deutsche Bank AG now owns 1,005,346 shares of the oil and gas company’s stock worth $142,468,000 after acquiring an additional 55,351 shares during the period. Stiles Financial Services Inc boosted its position in Valero Energy by 49.7% during the 4th quarter. Stiles Financial Services Inc now owns 7,615 shares of the oil and gas company’s stock worth $991,000 after acquiring an additional 2,529 shares during the period. Pacer Advisors Inc. boosted its position in Valero Energy by 14.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock worth $362,569,000 after acquiring an additional 342,218 shares during the period. Nordea Investment Management AB boosted its position in Valero Energy by 3.0% during the 4th quarter. Nordea Investment Management AB now owns 645,726 shares of the oil and gas company’s stock worth $83,867,000 after acquiring an additional 18,575 shares during the period. Finally, Public Sector Pension Investment Board boosted its position in Valero Energy by 10.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 83,290 shares of the oil and gas company’s stock worth $11,803,000 after acquiring an additional 7,910 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VLO. The Goldman Sachs Group upped their price objective on Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $156.00 to $210.00 in a report on Friday, March 15th. JPMorgan Chase & Co. upped their price objective on Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Piper Sandler upped their price objective on Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Finally, Scotiabank upped their price objective on Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.63.

Valero Energy Trading Up 1.0 %

Shares of NYSE VLO opened at $167.51 on Wednesday. The company has a market cap of $55.69 billion, a price-to-earnings ratio of 6.77, a P/E/G ratio of 1.51 and a beta of 1.54. Valero Energy Co. has a 12 month low of $104.18 and a 12 month high of $184.79. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $159.52 and a 200-day simple moving average of $139.96.

Valero Energy (NYSE:VLO) last posted 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 firm had revenue of $35.41 billion for the quarter, compared to analyst estimates of $34.76 billion. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. Valero Energy’s quarterly revenue was down 15.2% on a year-over-year basis. During the same period in the previous year, the firm earned $8.45 earnings per share. Sell-side analysts predict that Valero Energy Co. will post 18.31 EPS for the current 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.