CANADA LIFE ASSURANCE Co Has $49.51 Million Stake in Valero Energy Co. (NYSE:VLO)

CANADA LIFE ASSURANCE Co grew its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 21.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 404,239 shares of the oil and gas company's stock after acquiring an additional 71,117 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.13% of Valero Energy worth $49,514,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new position in Valero Energy during the fourth quarter valued at approximately $25,000. Tobam acquired a new position in Valero Energy during the 4th quarter worth approximately $30,000. Golden State Wealth Management LLC purchased a new position in Valero Energy in the 4th quarter worth approximately $38,000. OFI Invest Asset Management purchased a new stake in shares of Valero Energy during the fourth quarter valued at approximately $37,000. Finally, Creative Capital Management Investments LLC lifted its position in shares of Valero Energy by 122.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock worth $41,000 after purchasing an additional 183 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Performance

Valero Energy stock traded down $2.01 on Thursday, reaching $112.49. 2,701,667 shares of the stock were exchanged, compared to its average volume of 3,563,048. The stock has a market cap of $35.43 billion, a PE ratio of 13.27, a PEG ratio of 2.93 and a beta of 1.17. The firm has a fifty day moving average price of $124.03 and a two-hundred day moving average price of $130.23. Valero Energy Co. has a twelve month low of $99.00 and a twelve month high of $168.85. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO - Get Free Report) last released its earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The business had revenue of $28.76 billion during the quarter, compared to analyst estimates of $28.54 billion. Sell-side analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current year.

Analysts Set New Price Targets

VLO has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of Valero Energy from $160.00 to $145.00 and set an "overweight" rating on the stock in a research note on Thursday. Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Scotiabank dropped their price objective on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company decreased their price target on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Finally, Raymond James dropped their target price on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $151.93.

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.