Valero Energy Co. (NYSE:VLO) Position Reduced by Coastline Trust Co

Coastline Trust Co cut its stake in Valero Energy Co. (NYSE:VLO - Free Report) by 27.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,381 shares of the oil and gas company's stock after selling 3,572 shares during the period. Coastline Trust Co's holdings in Valero Energy were worth $1,150,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new position in Valero Energy in the 4th quarter valued at $25,000. Tobam purchased a new position in Valero Energy during the fourth quarter worth about $30,000. OFI Invest Asset Management acquired a new stake in Valero Energy in the fourth quarter valued at about $37,000. Golden State Wealth Management LLC purchased a new stake in Valero Energy in the 4th quarter valued at approximately $38,000. Finally, Creative Capital Management Investments LLC increased its position in Valero Energy by 122.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock worth $41,000 after purchasing an additional 183 shares during the period. Hedge funds and other institutional investors own 78.69% of the company's stock.

Valero Energy Stock Up 3.3 %

NYSE VLO traded up $3.57 during mid-day trading on Tuesday, reaching $112.41. 3,264,556 shares of the company's stock traded hands, compared to its average volume of 2,993,955. The company has a fifty day simple moving average of $124.82 and a 200-day simple moving average of $130.47. Valero Energy Co. has a 1-year low of $99.00 and a 1-year high of $168.85. The company has a market cap of $35.41 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 2.93 and a beta of 1.17. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO - Get Free Report) last issued its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, topping 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 research analysts expect that Valero Energy Co. will post 7.92 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Mizuho cut their price objective on Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Scotiabank dropped their target price on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Raymond James decreased 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, Wells Fargo & Company dropped their price objective on Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $152.46.

About Valero Energy

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.