Coldstream Capital Management Inc. Decreases Stock Position in Valero Energy Co. (NYSE:VLO)

Coldstream Capital Management Inc. lessened its stake in Valero Energy Co. (NYSE:VLO) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,930 shares of the oil and gas company’s stock after selling 236 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Valero Energy were worth $972,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new position in Valero Energy in the 4th quarter worth approximately $25,000. Tobam purchased a new position in shares of Valero Energy during the 4th quarter valued at approximately $30,000. OFI Invest Asset Management purchased a new position in shares of Valero Energy during the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC purchased a new position in shares of Valero Energy during the 4th quarter valued at approximately $38,000. Finally, Creative Capital Management Investments LLC boosted its stake in shares of Valero Energy by 122.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on VLO shares. Piper Sandler reduced their target price 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. Morgan Stanley reduced their target price on Valero Energy from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Raymond James reduced their target price on Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 9th. Mizuho reduced their price objective on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, TD Cowen reduced their price objective on Valero Energy from $121.00 to $118.00 and set a “buy” rating on the stock in a research note on Friday. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $149.80.

Valero Energy Price Performance

Shares of NYSE VLO opened at $114.75 on Tuesday. Valero Energy Co. has a 1-year low of $99.00 and a 1-year high of $168.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The business’s fifty day moving average price is $122.65 and its two-hundred day moving average price is $129.52. The firm has a market capitalization of $36.14 billion, a PE ratio of 13.53, 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, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.27). The company had revenue of $28.76 billion during the quarter, compared to analyst estimates of $28.54 billion. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. Valero Energy’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.82 earnings per share. On average, research analysts expect that Valero Energy Co. will post 7.92 EPS for the current year.

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.