Silver Oak Securities Incorporated Purchases 3,277 Shares of Valero Energy Co. (NYSE:VLO)

Silver Oak Securities Incorporated raised its position in shares of Valero Energy Co. (NYSE:VLO) by 213.5% during the 4th quarter, Holdings Channel reports. The fund owned 4,812 shares of the oil and gas company’s stock after purchasing an additional 3,277 shares during the period. Silver Oak Securities Incorporated’s holdings in Valero Energy were worth $626,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VLO. Marino Stram & Associates LLC lifted 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 valued at $1,090,000 after purchasing an additional 77 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Valero Energy by 0.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,000 shares of the oil and gas company’s stock valued at $1,417,000 after acquiring an additional 81 shares during the last quarter. Arkadios Wealth Advisors grew its position in Valero Energy by 5.0% in the fourth quarter. Arkadios Wealth Advisors now owns 1,690 shares of the oil and gas company’s stock worth $220,000 after acquiring an additional 81 shares in the last quarter. Fulcrum Equity Management increased its stake 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 acquiring an additional 86 shares during the last quarter. Finally, McIlrath & Eck LLC increased its stake in Valero Energy by 40.3% during the third quarter. McIlrath & Eck LLC now owns 303 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 87 shares during the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Performance

Shares of Valero Energy stock opened at $167.53 on Tuesday. Valero Energy Co. has a 12 month low of $104.18 and a 12 month high of $184.79. The stock’s fifty day moving average price is $161.63 and its 200-day moving average price is $141.05. The firm has a market cap of $55.70 billion, a P/E ratio of 8.30, a P/E/G ratio of 1.50 and a beta of 1.54. The company has a current ratio of 1.59, a quick ratio of 1.10 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 EPS for the quarter, beating the consensus estimate of $3.18 by $0.64. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The business had revenue of $31.76 billion during the quarter, compared to analyst estimates of $32.02 billion. During the same quarter in the previous year, the business posted $8.27 EPS. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. On average, equities research analysts expect that Valero Energy Co. will post 18.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VLO shares. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $156.00 to $210.00 in a report on Friday, March 15th. UBS Group boosted their price objective on shares of Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, March 26th. TD Cowen lowered their target price on shares of Valero Energy from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday. Barclays upped their price target on shares of Valero Energy from $149.00 to $179.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Finally, Mizuho downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $150.00 to $173.00 in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and a consensus price target of $174.80.

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.