Valero Energy Co. (NYSE:VLO) Shares Bought by Jennison Associates LLC

Jennison Associates LLC lifted its position in Valero Energy Co. (NYSE:VLO) by 63.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 395,684 shares of the oil and gas company’s stock after acquiring an additional 154,141 shares during the quarter. Jennison Associates LLC’s holdings in Valero Energy were worth $51,439,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Valero Energy in the 3rd quarter worth approximately $28,000. BKM Wealth Management LLC acquired a new position in shares of Valero Energy in the 4th quarter worth approximately $26,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Valero Energy in the 4th quarter worth approximately $36,000. FSC Wealth Advisors LLC acquired a new position in shares of Valero Energy in the 4th quarter worth approximately $38,000. Finally, Authentikos Wealth Advisory LLC acquired a new position in shares of Valero Energy in the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Up 1.0 %

VLO opened at $167.51 on Wednesday. The stock’s fifty day moving average is $159.52 and its 200-day moving average is $139.96. The company has a market capitalization of $55.69 billion, a PE ratio of 6.77, a P/E/G ratio of 1.51 and a beta of 1.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.56. Valero Energy Co. has a one year low of $104.18 and a one year high of $184.79.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.95 by $0.60. The company had revenue of $35.41 billion for the quarter, compared to analyst estimates of $34.76 billion. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. Valero Energy’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.45 earnings per share. On average, equities analysts predict that Valero Energy Co. will post 18.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VLO. Raymond James boosted their price objective on Valero Energy from $154.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Friday, January 26th. Piper Sandler boosted their price objective on Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Scotiabank boosted their price objective on Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Barclays boosted their price objective on Valero Energy from $149.00 to $179.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Finally, TD Cowen boosted their price objective on Valero Energy from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.63.

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.