Yousif Capital Management LLC Has $7.45 Million Position in Valero Energy Co. (NYSE:VLO)

Yousif Capital Management LLC lowered its position in Valero Energy Co. (NYSE:VLO) by 6.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 57,272 shares of the oil and gas company’s stock after selling 4,149 shares during the period. Yousif Capital Management LLC’s holdings in Valero Energy were worth $7,445,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Marino Stram & Associates LLC boosted its position in Valero Energy by 0.9% during the fourth quarter. Marino Stram & Associates LLC now owns 8,384 shares of the oil and gas company’s stock worth $1,090,000 after purchasing an additional 77 shares during the period. Miller Howard Investments Inc. NY boosted its position in Valero Energy by 0.5% during the third quarter. Miller Howard Investments Inc. NY now owns 16,630 shares of the oil and gas company’s stock worth $2,357,000 after purchasing an additional 79 shares during the period. First Trust Direct Indexing L.P. boosted its position in Valero Energy by 0.8% during the third quarter. First Trust Direct Indexing L.P. now owns 10,000 shares of the oil and gas company’s stock worth $1,417,000 after purchasing an additional 81 shares during the period. Arkadios Wealth Advisors boosted its position in Valero Energy by 5.0% during the fourth quarter. Arkadios Wealth Advisors now owns 1,690 shares of the oil and gas company’s stock worth $220,000 after purchasing an additional 81 shares during the period. Finally, Fulcrum Equity Management boosted its position in Valero Energy by 1.0% during the fourth quarter. Fulcrum Equity Management now owns 8,806 shares of the oil and gas company’s stock worth $1,145,000 after purchasing an additional 86 shares during the period. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company increased their price objective on Valero Energy from $171.00 to $184.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Barclays increased their price objective on Valero Energy from $149.00 to $179.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Scotiabank increased their price objective on Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Piper Sandler increased their price objective on Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Finally, Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $156.00 to $210.00 in a research report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and a consensus price target of $173.63.

Valero Energy Trading Up 0.7 %

NYSE:VLO opened at $168.25 on Thursday. Valero Energy Co. has a fifty-two week low of $104.18 and a fifty-two week high of $184.79. 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 stock has a market capitalization of $55.94 billion, a PE ratio of 6.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.54. The business’s 50-day simple moving average is $160.04 and its 200-day simple moving average is $140.15.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share for the quarter, beating 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 business had revenue of $35.41 billion for the quarter, compared to analysts’ expectations of $34.76 billion. During the same quarter in the previous year, the business posted $8.45 EPS. Valero Energy’s revenue for the quarter was down 15.2% on a year-over-year basis. Sell-side analysts expect that Valero Energy Co. will post 18.31 earnings per share 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.