Cwm LLC Boosts Stake in Valero Energy Co. (NYSE:VLO)

Cwm LLC grew its stake in Valero Energy Co. (NYSE:VLO) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,443 shares of the oil and gas company’s stock after buying an additional 774 shares during the period. Cwm LLC’s holdings in Valero Energy were worth $1,618,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in VLO. Deutsche Bank AG raised its holdings in shares of Valero Energy by 5.8% during the third quarter. Deutsche Bank AG now owns 1,005,346 shares of the oil and gas company’s stock worth $142,468,000 after purchasing an additional 55,351 shares during the last quarter. Stiles Financial Services Inc raised its holdings in shares of Valero Energy by 49.7% during the fourth quarter. Stiles Financial Services Inc now owns 7,615 shares of the oil and gas company’s stock worth $991,000 after purchasing an additional 2,529 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Valero Energy by 14.0% during the fourth 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 during the last quarter. Nordea Investment Management AB raised its holdings in shares of Valero Energy by 3.0% during the fourth quarter. Nordea Investment Management AB now owns 645,726 shares of the oil and gas company’s stock worth $83,867,000 after purchasing an additional 18,575 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in shares of Valero Energy by 10.5% during the third quarter. Public Sector Pension Investment Board now owns 83,290 shares of the oil and gas company’s stock worth $11,803,000 after purchasing an additional 7,910 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

VLO opened at $165.80 on Friday. The firm has a market capitalization of $55.12 billion, a PE ratio of 8.21, a PEG ratio of 1.52 and a beta of 1.54. Valero Energy Co. has a twelve month low of $104.18 and a twelve month high of $184.79. The firm’s 50-day moving average price is $161.07 and its 200 day moving average price is $140.61. 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 (NYSE:VLO) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.64. The firm had revenue of $31.76 billion for 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 24.95%. Valero Energy’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $8.27 earnings per share. As a group, sell-side analysts expect that Valero Energy Co. will post 18.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VLO has been the subject of several recent research reports. Wells Fargo & Company raised their target price on shares of Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Citigroup lifted their price objective on shares of Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $156.00 to $210.00 in a report on Friday, March 15th. Piper Sandler lifted their price objective on shares of Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Finally, UBS Group lifted their price objective 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.63.

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.