Mariner LLC Sells 3,839 Shares of Valero Energy Co. (NYSE:VLO)

Mariner LLC cut its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 128,988 shares of the oil and gas company's stock after selling 3,839 shares during the period. Mariner LLC's holdings in Valero Energy were worth $15,812,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of 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 valued at $4,257,024,000 after buying an additional 4,805,133 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in 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 valued at $1,311,864,000 after acquiring an additional 413,963 shares during the last quarter. Geode Capital Management LLC raised its holdings in Valero Energy by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 6,871,229 shares of the oil and gas company's stock worth $844,775,000 after purchasing an additional 100,248 shares during the last quarter. Norges Bank acquired a new stake in shares of Valero Energy during the fourth quarter worth $669,400,000. Finally, Franklin Resources Inc. lifted its holdings in Valero Energy by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 4,759,172 shares of the oil and gas company's stock valued at $583,427,000 after buying an additional 71,587 shares during the period. Institutional investors own 78.69% of the company's stock.

Valero Energy Stock Up 1.9 %

Shares of VLO stock traded up $2.11 on Tuesday, hitting $110.95. The stock had a trading volume of 342,651 shares, compared to its average volume of 2,979,306. Valero Energy Co. has a 12-month low of $99.00 and a 12-month high of $168.85. The business has a 50 day moving average of $124.82 and a 200 day moving average of $130.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The stock has a market cap of $34.95 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VLO. Raymond James dropped their price objective 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. Mizuho lowered their price objective on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Scotiabank decreased their price target on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company reduced their target price 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. Finally, Piper Sandler cut their price target on Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, Valero Energy currently has an average rating of "Moderate Buy" and an average 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.