State of Tennessee Department of Treasury Boosts Stock Position in Valero Energy Co. (NYSE:VLO)

State of Tennessee Department of Treasury grew its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,161 shares of the oil and gas company's stock after acquiring an additional 3,241 shares during the quarter. State of Tennessee Department of Treasury's holdings in Valero Energy were worth $13,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VLO. New Wave Wealth Advisors LLC bought a new position in shares of Valero Energy in the fourth quarter valued at approximately $25,000. Tobam purchased a new position in shares of Valero Energy in the 4th quarter worth about $30,000. OFI Invest Asset Management purchased a new stake in Valero Energy during the fourth quarter worth about $37,000. Golden State Wealth Management LLC bought a new stake in Valero Energy in the fourth quarter worth about $38,000. Finally, Creative Capital Management Investments LLC boosted its stake 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 acquiring an additional 183 shares during the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Price Performance

Valero Energy stock traded up $0.51 during midday trading on Friday, hitting $113.87. 2,865,096 shares of the company's stock were exchanged, compared to its average volume of 3,008,681. The stock has a 50-day moving average price of $123.10 and a two-hundred day moving average price of $129.86. Valero Energy Co. has a 52-week low of $99.00 and a 52-week high of $168.85. The company has a market cap of $35.87 billion, a P/E ratio of 13.43, a PEG ratio of 2.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.27). The company had revenue of $28.76 billion during the quarter, compared to the consensus estimate of $28.54 billion. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. On average, equities research analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current year.

Analyst Ratings Changes

VLO has been the topic of a number of recent research reports. Mizuho dropped their price target on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. Piper Sandler dropped their price objective 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. Wells Fargo & Company cut 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 report on Friday, January 31st. TD Cowen lowered their price target on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Raymond James cut their price objective on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from 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.