CANADA LIFE ASSURANCE Co Raises Stock Position in Valero Energy Co. (NYSE:VLO)

CANADA LIFE ASSURANCE Co grew its holdings in Valero Energy Co. (NYSE:VLO) by 21.3% in the 4th quarter, HoldingsChannel reports. The firm owned 404,239 shares of the oil and gas company’s stock after purchasing an additional 71,117 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Valero Energy were worth $49,514,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Asset Management One Co. Ltd. boosted its position in Valero Energy by 0.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company’s stock valued at $14,751,000 after buying an additional 455 shares during the period. Kieckhefer Group LLC purchased a new position in Valero Energy in the fourth quarter valued at $1,226,000. Hudson Capital Management LLC increased its holdings in Valero Energy by 6.5% during the 4th quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company’s stock worth $3,897,000 after purchasing an additional 1,937 shares during the period. Miracle Mile Advisors LLC acquired a new stake in Valero Energy in the 4th quarter valued at about $274,000. Finally, Patten Group Inc. purchased a new position in shares of Valero Energy in the 4th quarter valued at about $277,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VLO shares. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Piper Sandler reduced their price objective on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Wells Fargo & Company lowered their target price on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Mizuho dropped their target price on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, Raymond James decreased their price target on Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.46.

Valero Energy Price Performance

VLO stock opened at $109.98 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $34.64 billion, a P/E ratio of 12.97, a PEG ratio of 2.93 and a beta of 1.17. The business has a 50 day simple moving average of $125.26 and a 200-day simple moving average of $130.83. Valero Energy Co. has a twelve month low of $99.00 and a twelve month high of $168.85.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. As a group, equities analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current 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.