Canal Capital Management LLC Has $456,000 Holdings in Valero Energy Co. (NYSE:VLO)

Canal Capital Management LLC decreased its position in shares of Valero Energy Co. (NYSE:VLO) by 41.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,717 shares of the oil and gas company’s stock after selling 2,586 shares during the period. Canal Capital Management LLC’s holdings in Valero Energy were worth $456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of VLO. World Investment Advisors raised its holdings in Valero Energy by 1.8% during the 4th quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company’s stock worth $530,000 after purchasing an additional 78 shares during the last quarter. Segment Wealth Management LLC raised its stake in shares of Valero Energy by 1.7% during the fourth quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company’s stock worth $606,000 after buying an additional 81 shares during the last quarter. Silver Coast Investments LLC boosted its stake in Valero Energy by 1.7% in the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company’s stock valued at $622,000 after acquiring an additional 83 shares during the last quarter. Patrick M Sweeney & Associates Inc. grew its holdings in Valero Energy by 2.0% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company’s stock worth $575,000 after acquiring an additional 90 shares during the period. Finally, Deseret Mutual Benefit Administrators raised its position in shares of Valero Energy by 6.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company’s stock valued at $186,000 after acquiring an additional 94 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Piper Sandler decreased their price objective on Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Mizuho reduced 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. Wells Fargo & Company cut their price objective on Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Scotiabank dropped their target price on shares of Valero Energy from $156.00 to $136.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Finally, Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $152.46.

Valero Energy Price Performance

NYSE:VLO opened at $109.98 on Monday. 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 firm has a fifty day simple moving average of $125.26 and a 200 day simple moving average of $130.70. Valero Energy Co. has a 1-year low of $99.00 and a 1-year high of $168.85. The stock has a market capitalization of $34.64 billion, a PE ratio of 12.97, a P/E/G ratio of 2.93 and a beta of 1.17.

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