Coastline Trust Co Sells 3,572 Shares of Valero Energy Co. (NYSE:VLO)

Coastline Trust Co reduced its stake in Valero Energy Co. (NYSE:VLO) by 27.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,381 shares of the oil and gas company’s stock after selling 3,572 shares during the quarter. Coastline Trust Co’s holdings in Valero Energy were worth $1,150,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Valero Energy by 16.1% in the 4th quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company’s stock valued at $4,257,024,000 after buying an additional 4,805,133 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Valero Energy by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company’s stock valued at $1,311,864,000 after purchasing an additional 413,963 shares during the period. Geode Capital Management LLC increased its position in Valero Energy by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 6,871,229 shares of the oil and gas company’s stock worth $844,775,000 after buying an additional 100,248 shares during the period. Norges Bank acquired a new position in shares of Valero Energy during the fourth quarter worth approximately $669,400,000. Finally, Franklin Resources Inc. grew its position in Valero Energy by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 4,759,172 shares of the oil and gas company’s stock worth $583,427,000 after buying an additional 71,587 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Price Performance

NYSE:VLO opened at $109.98 on Friday. The company has a market cap of $34.64 billion, a P/E ratio of 12.97, a P/E/G ratio of 2.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The firm’s fifty day moving average price is $125.26 and its two-hundred day moving average price is $130.83. Valero Energy Co. has a one year low of $99.00 and a one year high of $168.85.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. Equities analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Mizuho decreased their price target on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Piper Sandler decreased their target price on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company cut their price target 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. Finally, Scotiabank dropped their target price on Valero Energy from $156.00 to $136.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.46.

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.