Semanteon Capital Management LP Invests $1.23 Million in Valero Energy Co. (NYSE:VLO)

Semanteon Capital Management LP bought a new position in shares of Valero Energy Co. (NYSE:VLO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,488 shares of the oil and gas company’s stock, valued at approximately $1,233,000. Valero Energy makes up about 0.8% of Semanteon Capital Management LP’s investment portfolio, making the stock its 19th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in VLO. International Assets Investment Management LLC increased its position in shares of Valero Energy by 12,883.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,047,360 shares of the oil and gas company’s stock worth $136,157,000 after purchasing an additional 1,039,293 shares in the last quarter. Acadian Asset Management LLC increased its position in Valero Energy by 94.4% in the 3rd quarter. Acadian Asset Management LLC now owns 1,429,706 shares of the oil and gas company’s stock valued at $202,585,000 after acquiring an additional 694,224 shares during the period. Morgan Stanley increased its position in Valero Energy by 6.1% in the 3rd quarter. Morgan Stanley now owns 8,961,603 shares of the oil and gas company’s stock valued at $1,269,949,000 after acquiring an additional 517,068 shares during the period. Pacer Advisors Inc. increased its position in Valero Energy by 14.0% in the 4th quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock valued at $362,569,000 after acquiring an additional 342,218 shares during the period. Finally, AustralianSuper Pty Ltd increased its position in Valero Energy by 36.4% in the 4th quarter. AustralianSuper Pty Ltd now owns 938,771 shares of the oil and gas company’s stock valued at $122,040,000 after acquiring an additional 250,326 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays boosted their price target on Valero Energy from $149.00 to $179.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. boosted their price target on Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. UBS Group boosted their price target on Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, March 26th. Wells Fargo & Company boosted their target price on Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Finally, Piper Sandler boosted their target price on Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. One investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $173.63.

Valero Energy Price Performance

Shares of NYSE:VLO traded up $0.13 during trading on Thursday, hitting $167.13. 3,274,633 shares of the stock were exchanged, compared to its average volume of 3,307,443. The company has a fifty day moving average price of $160.54 and a two-hundred day moving average price of $140.34. The company has a market cap of $55.57 billion, a PE ratio of 6.76, a P/E/G ratio of 1.53 and a beta of 1.54. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 12-month low of $104.18 and a 12-month high of $184.79.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.95 by $0.60. The business had revenue of $35.41 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company earned $8.45 EPS. On average, analysts forecast that Valero Energy Co. will post 18.31 EPS for the current year.

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.