Addison Advisors LLC Acquires 500 Shares of Valero Energy Co. (NYSE:VLO)

Addison Advisors LLC increased its holdings in shares of Valero Energy Co. (NYSE:VLO) by 438.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 614 shares of the oil and gas company’s stock after buying an additional 500 shares during the quarter. Addison Advisors LLC’s holdings in Valero Energy were worth $80,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Marino Stram & Associates LLC increased its holdings in shares of Valero Energy by 0.9% during the fourth quarter. Marino Stram & Associates LLC now owns 8,384 shares of the oil and gas company’s stock valued at $1,090,000 after acquiring an additional 77 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of Valero Energy by 0.8% during the third quarter. First Trust Direct Indexing L.P. now owns 10,000 shares of the oil and gas company’s stock valued at $1,417,000 after acquiring an additional 81 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Valero Energy by 5.0% during the fourth quarter. Arkadios Wealth Advisors now owns 1,690 shares of the oil and gas company’s stock valued at $220,000 after acquiring an additional 81 shares in the last quarter. Fulcrum Equity Management increased its holdings in shares of Valero Energy by 1.0% during the fourth quarter. Fulcrum Equity Management now owns 8,806 shares of the oil and gas company’s stock valued at $1,145,000 after acquiring an additional 86 shares in the last quarter. Finally, McIlrath & Eck LLC increased its holdings in shares of Valero Energy by 40.3% during the third quarter. McIlrath & Eck LLC now owns 303 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 87 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Performance

Shares of NYSE VLO traded down $1.33 during trading on Friday, reaching $165.80. 2,065,193 shares of the stock traded hands, compared to its average volume of 2,618,982. Valero Energy Co. has a 52-week low of $104.18 and a 52-week high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.56 and a quick ratio of 1.11. The company has a 50-day moving average of $161.07 and a 200-day moving average of $140.68. The stock has a market capitalization of $55.13 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 1.51 and a beta of 1.54.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.64. Valero Energy had a return on equity of 24.95% and a net margin of 5.01%. The firm had revenue of $31.76 billion for the quarter, compared to analysts’ expectations of $32.02 billion. During the same quarter in the prior year, the firm earned $8.27 EPS. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. Analysts forecast that Valero Energy Co. will post 18.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VLO. TD Cowen boosted their price objective on Valero Energy from $175.00 to $190.00 and gave the company a “buy” rating in a report on Monday, April 8th. Mizuho cut Valero Energy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $150.00 to $173.00 in a research report on Friday, March 22nd. The Goldman Sachs Group lifted their target price on Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. Barclays lifted their target price on Valero Energy from $149.00 to $179.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Finally, Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $156.00 to $210.00 in a research report on Friday, March 15th. One 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.63.

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.