93,277 Shares in Valero Energy Co. (NYSE:VLO) Bought by Ossiam

Ossiam bought a new stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 93,277 shares of the oil and gas company's stock, valued at approximately $11,435,000.

A number of other hedge funds have also recently made changes to their positions in VLO. First Trust Advisors LP grew its stake in shares of Valero Energy by 11.1% in the fourth quarter. First Trust Advisors LP now owns 481,526 shares of the oil and gas company's stock worth $59,030,000 after acquiring an additional 48,130 shares during the last quarter. Forum Financial Management LP grew its position in Valero Energy by 2.4% during the 4th quarter. Forum Financial Management LP now owns 6,361 shares of the oil and gas company's stock valued at $780,000 after purchasing an additional 152 shares during the last quarter. Cadence Bank increased its stake in Valero Energy by 3.2% during the 4th quarter. Cadence Bank now owns 8,236 shares of the oil and gas company's stock valued at $1,010,000 after purchasing an additional 257 shares in the last quarter. Arrow Capital Pty Ltd purchased a new position in Valero Energy in the fourth quarter worth about $3,187,000. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of Valero Energy by 21.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 404,239 shares of the oil and gas company's stock worth $49,514,000 after buying an additional 71,117 shares in the last quarter. 78.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VLO shares. Mizuho decreased their price objective on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Tudor Pickering upgraded Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Raymond James dropped their price objective on Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Scotiabank reduced their price objective on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Finally, Piper Sandler dropped their price target on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $152.46.

Valero Energy Stock Performance

Shares of Valero Energy stock traded up $3.57 on Tuesday, hitting $112.41. 3,264,556 shares of the company's stock were exchanged, compared to its average volume of 2,993,955. 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 stock has a market capitalization of $35.41 billion, a PE ratio of 13.26, a PEG ratio of 2.93 and a beta of 1.17. Valero Energy Co. has a 1 year low of $99.00 and a 1 year high of $168.85. The company has a 50-day simple moving average of $124.82 and a 200-day simple moving average of $130.47.

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