Matrix Trust Co Sells 164 Shares of Valero Energy Co. (NYSE:VLO)

Matrix Trust Co decreased its stake in Valero Energy Co. (NYSE:VLO) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,783 shares of the oil and gas company’s stock after selling 164 shares during the period. Matrix Trust Co’s holdings in Valero Energy were worth $882,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Intact Investment Management Inc. increased its holdings in shares of Valero Energy by 73.5% in the 4th quarter. Intact Investment Management Inc. now owns 23,600 shares of the oil and gas company’s stock worth $3,068,000 after buying an additional 10,000 shares during the last quarter. Addison Advisors LLC boosted its stake in shares of Valero Energy by 438.6% in the 4th quarter. Addison Advisors LLC now owns 614 shares of the oil and gas company’s stock valued at $80,000 after purchasing an additional 500 shares in the last quarter. Kovack Advisors Inc. boosted its stake in shares of Valero Energy by 17.7% in the 4th quarter. Kovack Advisors Inc. now owns 2,641 shares of the oil and gas company’s stock valued at $343,000 after purchasing an additional 398 shares in the last quarter. Bahl & Gaynor Inc. boosted its stake in shares of Valero Energy by 1.6% in the 4th quarter. Bahl & Gaynor Inc. now owns 22,046 shares of the oil and gas company’s stock valued at $2,866,000 after purchasing an additional 338 shares in the last quarter. Finally, O Brien Greene & Co. Inc boosted its stake in shares of Valero Energy by 1.3% in the 4th quarter. O Brien Greene & Co. Inc now owns 51,779 shares of the oil and gas company’s stock valued at $6,731,000 after purchasing an additional 662 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 0.8 %

NYSE:VLO traded down $1.33 on Friday, reaching $165.80. 2,065,193 shares of the stock traded hands, compared to its average volume of 2,618,982. The company has a market capitalization of $55.13 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 1.52 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. The company’s fifty day simple moving average is $161.07 and its 200 day simple moving average is $140.61.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.64. The firm had revenue of $31.76 billion for the quarter, compared to the consensus estimate of $32.02 billion. Valero Energy had a net margin of 5.01% and a return on equity of 24.95%. The business’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter last year, the firm posted $8.27 EPS. Equities analysts predict that Valero Energy Co. will post 18.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VLO. Wells Fargo & Company upped their price objective on shares of Valero Energy from $171.00 to $184.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $156.00 to $210.00 in a research report on Friday, March 15th. UBS Group increased their price target on shares of Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, March 26th. JPMorgan Chase & Co. increased their price target on shares of Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Finally, Citigroup increased their price target on shares of Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. One research 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $173.63.

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.