Valero Energy Co. (NYSE:VLO) Holdings Decreased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lessened its stake in Valero Energy Co. (NYSE:VLO) by 10.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,183 shares of the oil and gas company’s stock after selling 8,318 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Valero Energy were worth $8,604,000 at the end of the most recent quarter.

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

Valero Energy Stock Performance

NYSE VLO opened at $118.89 on Friday. The company’s fifty day moving average is $121.11 and its two-hundred day moving average is $128.99. The firm has a market capitalization of $37.45 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 2.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. Valero Energy Co. has a 52-week low of $99.00 and a 52-week high of $167.78.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The firm had revenue of $28.76 billion for the quarter, compared to the consensus estimate of $28.54 billion. During the same quarter in the prior year, the firm earned $3.82 earnings per share. The company’s revenue was down 4.7% on a year-over-year basis. Equities research analysts forecast that Valero Energy Co. will post 7.92 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on VLO. The Goldman Sachs Group raised shares of Valero Energy from a “sell” rating to a “neutral” rating and upped their price target for the company from $115.00 to $127.00 in a report on Monday, April 28th. Morgan Stanley decreased their price target on shares of Valero Energy from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Piper Sandler reduced their price objective on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. JPMorgan Chase & Co. decreased their target price on shares of Valero Energy from $152.00 to $147.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Finally, Raymond James decreased their price objective on shares of Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $149.80.

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.