AIA Group Ltd Takes $246,000 Position in Valero Energy Co. (NYSE:VLO)

AIA Group Ltd bought a new stake in shares of Valero Energy Co. (NYSE:VLO) during the fourth quarter, Holdings Channel reports. The fund bought 1,895 shares of the oil and gas company’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Oliver Lagore Vanvalin Investment Group lifted its position in shares of Valero Energy by 5.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 4,034 shares of the oil and gas company’s stock valued at $524,000 after buying an additional 197 shares in the last quarter. Ninety One UK Ltd lifted its position in shares of Valero Energy by 106.9% during the 4th quarter. Ninety One UK Ltd now owns 352,789 shares of the oil and gas company’s stock valued at $45,863,000 after buying an additional 182,272 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Valero Energy by 4.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 31,652 shares of the oil and gas company’s stock valued at $4,115,000 after buying an additional 1,396 shares in the last quarter. Key Financial Inc lifted its holdings in Valero Energy by 27.2% in the 4th quarter. Key Financial Inc now owns 467 shares of the oil and gas company’s stock valued at $61,000 after purchasing an additional 100 shares in the last quarter. Finally, Oakworth Capital Inc. lifted its holdings in Valero Energy by 56,398.4% in the 4th quarter. Oakworth Capital Inc. now owns 70,623 shares of the oil and gas company’s stock valued at $9,181,000 after purchasing an additional 70,498 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Up 0.9 %

Shares of NYSE:VLO opened at $163.90 on Friday. The business has a 50-day moving average price of $158.54 and a 200 day moving average price of $139.29. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $54.49 billion, a price-to-earnings ratio of 6.63, a PEG ratio of 1.48 and a beta of 1.54. Valero Energy Co. has a 12-month low of $104.18 and a 12-month high of $184.79.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.95 by $0.60. The firm had revenue of $35.41 billion during the quarter, compared to the consensus estimate of $34.76 billion. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The company’s quarterly revenue was down 15.2% on a year-over-year basis. During the same period last year, the company earned $8.45 EPS. Sell-side analysts expect that Valero Energy Co. will post 18.25 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VLO shares. Piper Sandler raised their price objective on Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Wells Fargo & Company raised their price objective on Valero Energy from $171.00 to $184.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Barclays raised their price objective on Valero Energy from $149.00 to $179.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. TD Cowen raised their price objective on Valero Energy from $175.00 to $190.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, The Goldman Sachs Group raised their price objective on Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a report on Friday, March 22nd. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus 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.