Valero Energy Co. (NYSE:VLO) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board decreased its position in Valero Energy Co. (NYSE:VLO - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,749 shares of the oil and gas company's stock after selling 11,921 shares during the quarter. Canada Pension Plan Investment Board's holdings in Valero Energy were worth $14,803,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new stake in Valero Energy in the fourth quarter valued at $25,000. Tobam acquired a new stake in shares of Valero Energy during the 4th quarter worth about $30,000. OFI Invest Asset Management purchased a new stake in Valero Energy during the fourth quarter worth approximately $37,000. Golden State Wealth Management LLC acquired a new position in Valero Energy in the fourth quarter valued at approximately $38,000. Finally, Creative Capital Management Investments LLC increased 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 purchasing an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company's stock.

Valero Energy Price Performance

Shares of NYSE VLO traded up $0.51 during trading on Friday, hitting $113.87. 2,839,423 shares of the company were exchanged, compared to its average volume of 3,009,741. 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 Co. has a 1 year low of $99.00 and a 1 year high of $168.85. The firm's fifty day moving average price is $123.59 and its 200 day moving average price is $130.02. The company has a market cap of $35.87 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 2.93 and a beta of 1.17.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 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%. On average, sell-side analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VLO has been the subject of several research analyst reports. Mizuho lowered their target price 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. Raymond James cut their target price 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. Piper Sandler dropped their price target on Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Morgan Stanley reduced their price target on shares of Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.