Canal Capital Management LLC Lowers Position in Valero Energy Co. (NYSE:VLO)

Canal Capital Management LLC reduced its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 41.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,717 shares of the oil and gas company's stock after selling 2,586 shares during the quarter. Canal Capital Management LLC's holdings in Valero Energy were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in VLO. New Wave Wealth Advisors LLC purchased a new stake in Valero Energy in the fourth quarter worth $25,000. Tobam bought a new position in Valero Energy in the 4th quarter worth $30,000. OFI Invest Asset Management purchased a new stake in shares of Valero Energy in the 4th quarter worth about $37,000. Golden State Wealth Management LLC bought a new stake in shares of Valero Energy during the 4th quarter valued at about $38,000. Finally, Creative Capital Management Investments LLC increased 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 valued at $41,000 after buying an additional 183 shares during the period. Hedge funds and other institutional investors own 78.69% of the company's stock.

Valero Energy Stock Performance

Shares of NYSE VLO traded up $0.51 during midday trading on Friday, hitting $113.87. 2,865,096 shares of the stock traded hands, compared to its average volume of 3,009,839. The firm has a market capitalization of $35.87 billion, a P/E ratio of 13.43, a PEG ratio of 2.93 and a beta of 1.17. Valero Energy Co. has a one year low of $99.00 and a one year high of $168.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The firm has a 50-day moving average of $123.59 and a two-hundred day moving average of $130.02.

Valero Energy (NYSE:VLO - Get Free Report) last posted its earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share 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 firm had revenue of $28.76 billion during the quarter, compared to the consensus estimate of $28.54 billion. On average, equities analysts forecast that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Analyst Ratings Changes

VLO has been the subject of several research reports. TD Cowen decreased their target price on Valero Energy from $121.00 to $118.00 and set a "buy" rating for the company in a research report on Friday. Morgan Stanley cut their price objective on shares of Valero Energy from $160.00 to $145.00 and set an "overweight" rating on the stock in a report on Thursday. Wells Fargo & Company lowered their target price on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Mizuho cut their target price on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Finally, Piper Sandler lowered their price target on Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Valero Energy currently has an average rating of "Moderate Buy" and an average price target of $150.36.

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.