MGO One Seven LLC Increases Stock Position in Valero Energy Co. (NYSE:VLO)

MGO One Seven LLC lifted its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 72.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,337 shares of the oil and gas company's stock after acquiring an additional 9,771 shares during the period. MGO One Seven LLC's holdings in Valero Energy were worth $2,861,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new position in Valero Energy in the 4th quarter valued at about $25,000. Tobam purchased a new stake in shares of Valero Energy during the 4th quarter valued at approximately $30,000. OFI Invest Asset Management acquired a new position in Valero Energy in the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC purchased a new position in Valero Energy in the fourth quarter worth approximately $38,000. Finally, Creative Capital Management Investments LLC raised its position in Valero Energy by 122.0% in 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 purchasing an additional 183 shares during the period. Institutional investors and hedge funds own 78.69% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. TD Cowen cut their price objective on Valero Energy from $121.00 to $118.00 and set a "buy" rating for the company in a research report on Friday. Piper Sandler lowered their target price on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. 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 research note on Friday, January 31st. Scotiabank lowered their target price on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Finally, UBS Group lowered their target price on shares of Valero Energy from $160.00 to $150.00 and set a "buy" rating for the company in a research note on Monday. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $149.80.

Valero Energy Stock Up 0.5 %

Shares of Valero Energy stock traded up $0.60 during trading on Tuesday, hitting $115.35. 420,172 shares of the stock were exchanged, compared to its average volume of 3,000,595. The stock has a market cap of $36.33 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. The firm's 50-day moving average price is $122.65 and its 200 day moving average price is $129.52. Valero Energy Co. has a 12-month low of $99.00 and a 12-month 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.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.27). The firm had revenue of $28.76 billion for the quarter, compared to analysts' expectations of $28.54 billion. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. Valero Energy's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the firm posted $3.82 earnings per share. As a group, analysts forecast 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.