Integrated Wealth Concepts LLC Boosts Stock Position in Valero Energy Co. (NYSE:VLO)

Integrated Wealth Concepts LLC lifted its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 15.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,897 shares of the oil and gas company's stock after purchasing an additional 5,639 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Valero Energy were worth $5,259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Asset Management One Co. Ltd. grew its position in shares of Valero Energy by 0.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company's stock valued at $14,751,000 after acquiring an additional 455 shares during the period. Kieckhefer Group LLC acquired a new stake in Valero Energy during the fourth quarter worth about $1,226,000. Hudson Capital Management LLC lifted its holdings in Valero Energy by 6.5% in the fourth quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company's stock valued at $3,897,000 after acquiring an additional 1,937 shares during the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of Valero Energy during the 4th quarter worth $274,000. Finally, Patten Group Inc. purchased a new stake in shares of Valero Energy in the 4th quarter valued at approximately $277,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Trading Up 0.4 %

Shares of VLO stock opened at $113.87 on Friday. The firm's fifty day simple moving average is $123.10 and its 200 day simple moving average is $129.86. Valero Energy Co. has a 1 year low of $99.00 and a 1 year 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. The firm has a market capitalization of $35.87 billion, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17.

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

Analyst Upgrades and Downgrades

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

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