IMA Wealth Inc. Has $3.98 Million Stake in Valero Energy Co. (NYSE:VLO)

IMA Wealth Inc. decreased its stake in shares of Valero Energy Co. (NYSE:VLO) by 12.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 30,586 shares of the oil and gas company’s stock after selling 4,256 shares during the period. Valero Energy accounts for about 2.0% of IMA Wealth Inc.’s holdings, making the stock its 15th largest position. IMA Wealth Inc.’s holdings in Valero Energy were worth $3,976,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Caprock Group LLC acquired a new stake in Valero Energy in the 3rd quarter valued at approximately $214,000. Oak Thistle LLC bought a new stake in shares of Valero Energy during the third quarter valued at approximately $425,000. Connecticut Wealth Management LLC increased its position in shares of Valero Energy by 33.7% during the third quarter. Connecticut Wealth Management LLC now owns 3,268 shares of the oil and gas company’s stock valued at $463,000 after purchasing an additional 823 shares during the period. TFG Advisers LLC increased its position in shares of Valero Energy by 25.6% during the third quarter. TFG Advisers LLC now owns 4,320 shares of the oil and gas company’s stock valued at $612,000 after purchasing an additional 880 shares during the period. Finally, Walkner Condon Financial Advisors LLC increased its position in shares of Valero Energy by 12.0% during the third quarter. Walkner Condon Financial Advisors LLC now owns 2,035 shares of the oil and gas company’s stock valued at $288,000 after purchasing an additional 218 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Piper Sandler boosted their price target on Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. TD Cowen boosted their price target on Valero Energy from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Raymond James boosted their price target on Valero Energy from $154.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. boosted their price target on Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Finally, Barclays boosted their price target on Valero Energy from $149.00 to $179.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. One 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 issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $173.63.

Valero Energy Trading Down 0.8 %

Shares of VLO traded down $1.33 during trading hours on Friday, hitting $165.80. 2,065,193 shares of the stock traded hands, compared to its average volume of 2,618,982. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 1-year low of $104.18 and a 1-year high of $184.79. The firm has a market capitalization of $55.13 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.52 and a beta of 1.54. The business has a fifty day moving average of $161.07 and a 200-day moving average of $140.61.

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 (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.64. Valero Energy had a return on equity of 24.95% and a net margin of 5.01%. The business had revenue of $31.76 billion for the quarter, compared to analyst estimates of $32.02 billion. During the same quarter in the prior year, the firm posted $8.27 earnings per share. The firm’s revenue for the quarter was down 12.8% compared to the same quarter last year. Analysts expect that Valero Energy Co. will post 18.35 EPS for the current 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.