RWA Wealth Partners LLC Buys Shares of 2,034 Valero Energy Co. (NYSE:VLO)

RWA Wealth Partners LLC bought a new stake in Valero Energy Co. (NYSE:VLO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,034 shares of the oil and gas company’s stock, valued at approximately $264,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Marino Stram & Associates LLC lifted its stake in shares of 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 valued at $1,090,000 after buying an additional 77 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of 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 valued at $1,417,000 after buying an additional 81 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in shares of 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 valued at $220,000 after buying an additional 81 shares in the last quarter. Fulcrum Equity Management lifted its stake in shares of 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 valued at $1,145,000 after buying an additional 86 shares in the last quarter. Finally, McIlrath & Eck LLC lifted its stake in shares of Valero Energy by 40.3% during the 3rd quarter. McIlrath & Eck LLC now owns 303 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 87 shares in the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $167.13 on Friday. The company’s fifty day moving average price is $160.54 and its 200-day moving average price is $140.34. The firm has a market capitalization of $55.57 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 1.52 and a beta of 1.54. Valero Energy Co. has a one year low of $104.18 and a one year high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.56 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, topping analysts’ consensus estimates of $2.95 by $0.60. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The firm had revenue of $35.41 billion for the quarter, compared to analyst estimates of $34.76 billion. During the same quarter in the prior year, the firm earned $8.45 EPS. The business’s revenue for the quarter was down 15.2% compared to the same quarter last year. On average, equities research analysts anticipate that Valero Energy Co. will post 18.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on VLO shares. Scotiabank upped their price target on shares of Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $156.00 to $210.00 in a research note on Friday, March 15th. The Goldman Sachs Group increased their target price on shares of Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. increased their target price on shares of Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Finally, Raymond James increased their target price on shares of Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $173.63.

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.