Synovus Financial Corp Has $1.84 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Synovus Financial Corp lessened its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 27.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,038 shares of the oil and gas company's stock after selling 5,604 shares during the period. Synovus Financial Corp's holdings in Valero Energy were worth $1,844,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. New Wave Wealth Advisors LLC acquired a new position in Valero Energy in the 4th quarter valued at $25,000. Tobam bought a new position in Valero Energy during the fourth quarter worth about $30,000. OFI Invest Asset Management bought a new position in shares of Valero Energy during the 4th quarter worth approximately $37,000. Golden State Wealth Management LLC acquired a new stake in shares of Valero Energy in the 4th quarter valued at $38,000. Finally, Creative Capital Management Investments LLC boosted its position 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 buying an additional 183 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Trading Up 2.7 %

Valero Energy stock traded up $2.85 during mid-day trading on Friday, hitting $109.98. 2,662,747 shares of the company's stock were exchanged, compared to its average volume of 2,990,067. Valero Energy Co. has a fifty-two week low of $99.00 and a fifty-two 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 capitalization of $34.64 billion, a P/E ratio of 12.97, a PEG ratio of 2.93 and a beta of 1.17. The company's 50 day simple moving average is $125.26 and its 200-day simple moving average is $130.83.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share 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, equities analysts anticipate that Valero Energy Co. will post 7.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VLO shares. Raymond James cut their price objective on Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Scotiabank cut their price target on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Piper Sandler lowered their price target on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Finally, Mizuho reduced their price objective on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have assigned 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 a consensus 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.