Ninety One SA PTY Ltd Sells 10,560 Shares of Valero Energy Co. (NYSE:VLO)

Ninety One SA PTY Ltd lowered its stake in Valero Energy Co. (NYSE:VLO) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,700 shares of the oil and gas company’s stock after selling 10,560 shares during the period. Valero Energy makes up approximately 2.7% of Ninety One SA PTY Ltd’s holdings, making the stock its 13th largest holding. Ninety One SA PTY Ltd’s holdings in Valero Energy were worth $17,641,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BKM Wealth Management LLC purchased a new position in shares of Valero Energy in the fourth quarter valued at about $26,000. Live Oak Investment Partners purchased a new stake in Valero Energy in the 4th quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Valero Energy in the 3rd quarter worth approximately $28,000. Quarry LP increased its stake in shares of Valero Energy by 1,676.9% during the first quarter. Quarry LP now owns 231 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 218 shares during the period. Finally, FSC Wealth Advisors LLC bought a new position in shares of Valero Energy during the fourth quarter valued at approximately $38,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VLO. UBS Group lifted their price target on shares of Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a report on Tuesday, March 26th. The Goldman Sachs Group lifted their target price on shares of Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. increased their price target on shares of Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $156.00 to $210.00 in a report on Friday, March 15th. Finally, Scotiabank upped their target price on Valero Energy from $138.00 to $165.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $173.63.

Valero Energy Stock Down 3.2 %

NYSE:VLO traded down $5.31 during trading hours on Thursday, reaching $161.97. 1,949,602 shares of the company traded hands, compared to its average volume of 3,349,394. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average price is $157.71 and its two-hundred day moving average price is $138.95. Valero Energy Co. has a 1 year low of $104.18 and a 1 year high of $184.79. The stock has a market capitalization of $53.85 billion, a P/E ratio of 6.68, a P/E/G ratio of 1.63 and a beta of 1.54.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.95 by $0.60. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The firm had revenue of $35.41 billion during the quarter, compared to analyst estimates of $34.76 billion. During the same quarter in the previous year, the firm earned $8.45 EPS. Valero Energy’s quarterly revenue was down 15.2% compared to the same quarter last year. Analysts predict that Valero Energy Co. will post 17.25 earnings per share for the current year.

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.