Valero Energy Co. (NYSE:VLO) Shares Bought by National Bank of Canada FI

National Bank of Canada FI grew its position in Valero Energy Co. (NYSE:VLO) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,518 shares of the oil and gas company’s stock after purchasing an additional 12,484 shares during the period. National Bank of Canada FI’s holdings in Valero Energy were worth $38,475,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Morgan Stanley boosted its position in shares of Valero Energy by 6.1% in the third quarter. Morgan Stanley now owns 8,961,603 shares of the oil and gas company’s stock worth $1,269,949,000 after buying an additional 517,068 shares during the period. Northern Trust Corp boosted its holdings in Valero Energy by 3.2% in the 3rd quarter. Northern Trust Corp now owns 3,899,875 shares of the oil and gas company’s stock worth $552,651,000 after acquiring an additional 121,057 shares during the period. Pacer Advisors Inc. grew its position in Valero Energy by 14.0% in the fourth quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock valued at $362,569,000 after acquiring an additional 342,218 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Valero Energy by 7.1% during the third quarter. AQR Capital Management LLC now owns 2,025,956 shares of the oil and gas company’s stock valued at $287,098,000 after purchasing an additional 133,689 shares during the period. Finally, Montrusco Bolton Investments Inc. lifted its position in shares of Valero Energy by 6.5% during the third quarter. Montrusco Bolton Investments Inc. now owns 2,013,205 shares of the oil and gas company’s stock worth $285,291,000 after purchasing an additional 122,252 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

VLO stock traded up $1.84 during trading on Monday, reaching $158.68. 942,777 shares of the company’s stock were exchanged, compared to its average volume of 3,247,805. Valero Energy Co. has a 1-year low of $105.49 and a 1-year high of $184.79. The firm has a market cap of $51.89 billion, a PE ratio of 7.77, a P/E/G ratio of 1.45 and a beta of 1.55. The company’s fifty day moving average price is $163.15 and its 200-day moving average price is $141.82. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, topping 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 the consensus estimate of $32.02 billion. During the same quarter in the prior year, the company posted $8.27 earnings per share. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. On average, research analysts expect that Valero Energy Co. will post 18.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VLO shares. Mizuho downgraded Valero Energy from a “buy” rating to a “neutral” rating and raised their target price for the company from $150.00 to $173.00 in a research note on Friday, March 22nd. Piper Sandler raised their price objective on Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. TD Cowen cut their target price on Valero Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Wells Fargo & Company raised their price target on shares of Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $174.40.

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.