Pinnacle Wealth Management Advisory Group LLC Acquires 400 Shares of Valero Energy Co. (NYSE:VLO)

Pinnacle Wealth Management Advisory Group LLC grew its stake in Valero Energy Co. (NYSE:VLO) by 3.4% during the fourth quarter, HoldingsChannel reports. The fund owned 12,254 shares of the oil and gas company’s stock after acquiring an additional 400 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Valero Energy were worth $1,593,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BKM Wealth Management LLC purchased a new stake in shares of Valero Energy in the 4th quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Valero Energy during the 3rd quarter worth approximately $28,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Valero Energy in the 4th quarter worth $36,000. FSC Wealth Advisors LLC acquired a new position in shares of Valero Energy during the 4th quarter valued at about $38,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in shares of Valero Energy in the 3rd quarter valued at approximately $42,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. UBS Group upped their price objective on Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a research report on Tuesday, March 26th. The Goldman Sachs Group boosted their target price on shares of Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. upped their price objective on shares of Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Mizuho cut shares of Valero Energy from a “buy” rating to a “neutral” rating and upped their target price for the company from $150.00 to $173.00 in a report on Friday, March 22nd. Finally, Scotiabank raised their target price on shares of Valero Energy from $138.00 to $165.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $174.40.

Valero Energy Stock Performance

NYSE:VLO traded up $0.40 during midday trading on Wednesday, reaching $157.07. 2,766,505 shares of the company traded hands, compared to its average volume of 3,245,021. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10. The firm has a market capitalization of $51.36 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 1.46 and a beta of 1.55. Valero Energy Co. has a twelve month low of $105.49 and a twelve month high of $184.79. The company has a fifty day moving average price of $163.69 and a 200 day moving average price of $142.19.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.64. The firm had revenue of $31.76 billion during the quarter, compared to analyst estimates of $32.02 billion. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. Valero Energy’s revenue was down 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $8.27 EPS. On average, analysts expect that Valero Energy Co. will post 18.02 EPS for the current fiscal year.

Valero Energy Company 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.