Valero Energy Co. (NYSE:VLO) Stake Boosted by Mackenzie Financial Corp

Mackenzie Financial Corp grew its stake in shares of Valero Energy Co. (NYSE:VLO) by 29.0% during the 4th quarter, HoldingsChannel reports. The fund owned 198,664 shares of the oil and gas company’s stock after acquiring an additional 44,710 shares during the period. Mackenzie Financial Corp’s holdings in Valero Energy were worth $25,826,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BKM Wealth Management LLC purchased a new position in shares of Valero Energy during the 4th quarter valued at $26,000. Live Oak Investment Partners bought a new stake in Valero Energy in the fourth quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Valero Energy in the third quarter worth $28,000. Quarry LP boosted its holdings in Valero Energy by 1,676.9% in the first quarter. Quarry LP now owns 231 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 218 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in Valero Energy in the fourth quarter worth $38,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Trading Down 1.0 %

VLO opened at $167.26 on Thursday. The firm’s fifty day moving average is $157.71 and its two-hundred day moving average is $138.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.56. The firm has a market cap of $55.61 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 1.63 and a beta of 1.54. Valero Energy Co. has a twelve month low of $104.18 and a twelve month high of $184.79.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.60. The company had revenue of $35.41 billion for the quarter, compared to analyst estimates of $34.76 billion. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The business’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same period last year, the business posted $8.45 earnings per share. Equities research analysts anticipate that Valero Energy Co. will post 17.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Mizuho lowered shares of Valero Energy from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $150.00 to $173.00 in a research report on Friday, March 22nd. The Goldman Sachs Group boosted their target price on shares of Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Barclays boosted their target price on shares of Valero Energy from $149.00 to $179.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Finally, Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $156.00 to $210.00 in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $172.40.

About Valero Energy

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.