Valero Energy Co. (NYSE:VLO) Shares Acquired by Jennison Associates LLC

Jennison Associates LLC grew its stake in Valero Energy Co. (NYSE:VLO) by 63.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 395,684 shares of the oil and gas company’s stock after buying an additional 154,141 shares during the quarter. Jennison Associates LLC owned 0.12% of Valero Energy worth $51,439,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

VLO has been the subject of a number of analyst reports. 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 report on Thursday, April 4th. Citigroup upped their price target on Valero Energy from $160.00 to $192.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Barclays upped their price target on Valero Energy from $149.00 to $179.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. upped their price target on Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Finally, Piper Sandler increased their target price on Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus target price of $173.63.

Valero Energy Price Performance

VLO stock opened at $167.51 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.56 and a quick ratio of 1.11. The business has a 50 day simple moving average of $159.52 and a 200-day simple moving average of $139.96. The firm has a market capitalization of $55.69 billion, a PE ratio of 6.77, a price-to-earnings-growth ratio of 1.51 and a beta of 1.54. Valero Energy Co. has a 1 year low of $104.18 and a 1 year high of $184.79.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.60. The company had revenue of $35.41 billion during the quarter, compared to analyst estimates of $34.76 billion. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The firm’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same period in the prior year, the business posted $8.45 earnings per share. Equities research analysts anticipate that Valero Energy Co. will post 18.31 earnings per share for the current fiscal 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.