Desjardins Global Asset Management Inc. Sells 2,780 Shares of Valero Energy Co. (NYSE:VLO)

Desjardins Global Asset Management Inc. reduced its stake in shares of Valero Energy Co. (NYSE:VLO) by 68.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,267 shares of the oil and gas company’s stock after selling 2,780 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Valero Energy were worth $165,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in VLO. Marino Stram & Associates LLC lifted its position in Valero Energy by 0.9% during the 4th quarter. Marino Stram & Associates LLC now owns 8,384 shares of the oil and gas company’s stock worth $1,090,000 after acquiring an additional 77 shares during the period. Miller Howard Investments Inc. NY lifted its position in Valero Energy by 0.5% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 16,630 shares of the oil and gas company’s stock worth $2,357,000 after acquiring an additional 79 shares during the period. First Trust Direct Indexing L.P. lifted its position in Valero Energy by 0.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,000 shares of the oil and gas company’s stock worth $1,417,000 after acquiring an additional 81 shares during the period. Arkadios Wealth Advisors lifted its position in Valero Energy by 5.0% during the 4th 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 during the period. Finally, Fulcrum Equity Management lifted its position in Valero Energy by 1.0% during the 4th 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 period. 78.69% of the stock is owned by institutional investors.

Valero Energy Price Performance

Shares of Valero Energy stock opened at $162.49 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a twelve month low of $104.18 and a twelve month high of $184.79. The business has a 50-day moving average price of $158.12 and a 200 day moving average price of $139.11. The firm has a market cap of $54.02 billion, a PE ratio of 6.57, a P/E/G ratio of 1.61 and a beta of 1.54.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.95 by $0.60. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The firm had revenue of $35.41 billion during the quarter, compared to analyst estimates of $34.76 billion. During the same quarter in the previous year, the business earned $8.45 EPS. Valero Energy’s revenue for the quarter was down 15.2% compared to the same quarter last year. Sell-side analysts predict that Valero Energy Co. will post 17.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VLO. Wells Fargo & Company lifted their price target on Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. lifted their price objective on Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Raymond James lifted their price objective on Valero Energy from $154.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Friday, January 26th. TD Cowen lifted their price objective on Valero Energy from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Mizuho lowered Valero Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $150.00 to $173.00 in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $173.63.

Valero Energy 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.