New York Life Investment Management LLC Sells 3,491 Shares of Valero Energy Co. (NYSE:VLO)

New York Life Investment Management LLC decreased its holdings in shares of Valero Energy Co. (NYSE:VLO) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,519 shares of the oil and gas company’s stock after selling 3,491 shares during the period. New York Life Investment Management LLC’s holdings in Valero Energy were worth $6,957,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VLO. International Assets Investment Management LLC grew its holdings in shares of Valero Energy by 12,883.3% during the 4th quarter. International Assets Investment Management LLC now owns 1,047,360 shares of the oil and gas company’s stock worth $136,157,000 after acquiring an additional 1,039,293 shares during the period. Acadian Asset Management LLC boosted its stake in Valero Energy by 94.4% in the 3rd quarter. Acadian Asset Management LLC now owns 1,429,706 shares of the oil and gas company’s stock worth $202,585,000 after purchasing an additional 694,224 shares in the last quarter. Morgan Stanley boosted its stake in Valero Energy by 6.1% in the 3rd quarter. Morgan Stanley now owns 8,961,603 shares of the oil and gas company’s stock worth $1,269,949,000 after purchasing an additional 517,068 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Valero Energy by 14.0% in the 4th quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock worth $362,569,000 after purchasing an additional 342,218 shares in the last quarter. Finally, AustralianSuper Pty Ltd boosted its stake in Valero Energy by 36.4% in the 4th quarter. AustralianSuper Pty Ltd now owns 938,771 shares of the oil and gas company’s stock worth $122,040,000 after purchasing an additional 250,326 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

VLO has been the topic of a number of analyst reports. UBS Group upped their price target on shares of Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Scotiabank upped their price target on shares of Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. TD Cowen dropped their price target on Valero Energy from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday. Wells Fargo & Company upped their price target on Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Finally, Piper Sandler upped their price target on Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $174.40.

Valero Energy Price Performance

Shares of VLO stock opened at $157.36 on Friday. Valero Energy Co. has a 1-year low of $104.18 and a 1-year high of $184.79. The stock’s 50-day moving average is $162.85 and its 200 day moving average is $141.50. The company has a market cap of $52.32 billion, a P/E ratio of 7.79, a PEG ratio of 1.43 and a beta of 1.55. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.64. The business had revenue of $31.76 billion during the quarter, compared to the consensus estimate of $32.02 billion. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The company’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter last year, the company earned $8.27 earnings per share. Research analysts predict that Valero Energy Co. will post 18.11 earnings per share for the current fiscal year.

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.