Valero Energy Co. (NYSE:VLO) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P trimmed its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 86.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,668 shares of the oil and gas company's stock after selling 22,642 shares during the period. Martingale Asset Management L P's holdings in Valero Energy were worth $450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. World Investment Advisors boosted its stake in Valero Energy by 1.8% during the fourth quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company's stock worth $530,000 after buying an additional 78 shares during the period. Segment Wealth Management LLC grew its holdings in Valero Energy by 1.7% during the 4th quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company's stock valued at $606,000 after purchasing an additional 81 shares during the last quarter. Silver Coast Investments LLC lifted its stake in Valero Energy by 1.7% in the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock worth $622,000 after purchasing an additional 83 shares during the last quarter. Patrick M Sweeney & Associates Inc. lifted its stake in Valero Energy by 2.0% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company's stock worth $575,000 after purchasing an additional 90 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its position in shares of Valero Energy by 6.6% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company's stock valued at $186,000 after buying an additional 94 shares during the period. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Up 2.7 %

Shares of VLO traded up $2.85 during trading hours on Friday, hitting $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 current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $34.64 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. Valero Energy Co. has a one year low of $99.00 and a one year high of $168.85. The company's fifty day moving average price is $125.80 and its two-hundred day moving average price is $131.02.

Valero Energy (NYSE:VLO - Get Free Report) last released 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 net margin of 2.13% and a return on equity of 9.58%. As a group, equities analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on VLO shares. Piper Sandler decreased their price target on Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Wells Fargo & Company decreased their target price on Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Raymond James cut their price target on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. 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 report on Friday, April 11th. Finally, Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $152.46.

Valero Energy 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.