BI Asset Management Fondsmaeglerselskab A S Decreases Stock Holdings in Valero Energy Co. (NYSE:VLO)

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 37.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,252 shares of the oil and gas company's stock after selling 11,978 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Valero Energy were worth $2,483,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Valero Energy by 16.1% in the fourth quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company's stock worth $4,257,024,000 after acquiring an additional 4,805,133 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Valero Energy by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company's stock valued at $1,311,864,000 after purchasing an additional 413,963 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Valero Energy by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 6,871,229 shares of the oil and gas company's stock valued at $844,775,000 after purchasing an additional 100,248 shares during the last quarter. Norges Bank purchased a new stake in Valero Energy during the 4th quarter valued at $669,400,000. Finally, Franklin Resources Inc. lifted its position in Valero Energy by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 4,759,172 shares of the oil and gas company's stock worth $583,427,000 after buying an additional 71,587 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VLO. Wells Fargo & Company reduced their target price on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Raymond James decreased their price objective on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Piper Sandler cut their target price on Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Mizuho decreased their price target on Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Finally, Scotiabank cut their price objective on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $152.46.

Valero Energy Stock Up 2.7 %

Shares of Valero Energy stock opened at $109.98 on Monday. Valero Energy Co. has a 1 year low of $99.00 and a 1 year high of $168.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The stock has a market cap of $34.64 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 2.93 and a beta of 1.17. The firm's 50-day moving average is $125.26 and its two-hundred day moving average is $130.70.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. As a group, research analysts expect that Valero Energy Co. will post 7.92 earnings per share 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.

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