Stifel Financial Corp Sells 20,318 Shares of Valero Energy Co. (NYSE:VLO)

Stifel Financial Corp reduced its position in Valero Energy Co. (NYSE:VLO - Free Report) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 627,436 shares of the oil and gas company's stock after selling 20,318 shares during the quarter. Stifel Financial Corp owned 0.20% of Valero Energy worth $76,917,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its position in shares of Valero Energy by 0.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company's stock worth $14,751,000 after purchasing an additional 455 shares during the period. Kieckhefer Group LLC purchased a new stake in Valero Energy during the fourth quarter worth $1,226,000. Hudson Capital Management LLC boosted its position in Valero Energy by 6.5% during the 4th 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 in the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of Valero Energy in the 4th quarter valued at $274,000. Finally, Patten Group Inc. bought a new position in shares of Valero Energy in the 4th quarter worth $277,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Up 3.3 %

Valero Energy stock opened at $112.41 on Wednesday. Valero Energy Co. has a 52 week low of $99.00 and a 52 week high of $168.85. The firm has a market cap of $35.41 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. The business's 50-day moving average price is $124.45 and its 200 day moving average price is $130.34. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

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

Analyst Upgrades and Downgrades

VLO has been the topic of a number of analyst reports. Mizuho cut their price objective on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research 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. Wells Fargo & Company reduced their target price on Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Raymond James dropped their price target on 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. Finally, Scotiabank decreased 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Valero Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $152.46.

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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