Trustmark National Bank Trust Department Has $401,000 Stock Holdings in Valero Energy Co. (NYSE:VLO)

Trustmark National Bank Trust Department cut its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 65.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,269 shares of the oil and gas company's stock after selling 6,071 shares during the quarter. Trustmark National Bank Trust Department's holdings in Valero Energy were worth $401,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in Valero Energy by 16.1% in the 4th quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company's stock worth $4,257,024,000 after purchasing an additional 4,805,133 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Valero Energy by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company's stock worth $1,311,864,000 after acquiring an additional 413,963 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Valero Energy by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 6,871,229 shares of the oil and gas company's stock valued at $844,775,000 after acquiring an additional 100,248 shares during the period. Norges Bank acquired a new stake in shares of Valero Energy during the fourth quarter valued at approximately $669,400,000. Finally, Franklin Resources Inc. raised its stake in shares of Valero Energy by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 4,759,172 shares of the oil and gas company's stock worth $583,427,000 after purchasing an additional 71,587 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VLO shares. Wells Fargo & Company cut their price objective 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. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Scotiabank lowered their target price on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Piper Sandler lowered their price objective on Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Finally, Raymond James reduced their target price on 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Valero Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.46.

Valero Energy Stock Performance

Valero Energy stock traded up $2.85 during mid-day trading on Friday, reaching $109.98. The company had a trading volume of 2,662,747 shares, compared to its average volume of 2,990,565. The company has a 50 day moving average of $125.80 and a 200-day moving average of $131.02. Valero Energy Co. has a 52 week low of $99.00 and a 52 week high of $168.85. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The firm has a market cap of $34.64 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 2.93 and a beta of 1.17.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS 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%. On average, sell-side analysts expect that Valero Energy Co. will post 7.92 EPS 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.