Strategic Financial Concepts LLC Buys 802 Shares of Valero Energy Co. (NYSE:VLO)

Strategic Financial Concepts LLC boosted its stake in Valero Energy Co. (NYSE:VLO) by 40.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,796 shares of the oil and gas company’s stock after acquiring an additional 802 shares during the quarter. Strategic Financial Concepts LLC’s holdings in Valero Energy were worth $477,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BKM Wealth Management LLC bought a new position in shares of Valero Energy during the 4th quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Valero Energy in the 3rd quarter valued at $28,000. Rise Advisors LLC acquired a new stake in Valero Energy in the 1st quarter valued at $33,000. Wetzel Investment Advisors Inc. bought a new stake in Valero Energy during the 4th quarter worth about $36,000. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Valero Energy during the 4th quarter worth about $38,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Performance

Shares of NYSE VLO traded down $7.72 during mid-day trading on Tuesday, reaching $159.79. 4,143,435 shares of the company were exchanged, compared to its average volume of 3,287,796. The stock has a market capitalization of $53.13 billion, a P/E ratio of 7.91, a P/E/G ratio of 1.50 and a beta of 1.54. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35. The company’s 50-day simple moving average is $162.12 and its 200-day simple moving average is $141.29. Valero Energy Co. has a twelve month low of $104.18 and a twelve month high of $184.79.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.64. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The firm had revenue of $31.76 billion during the quarter, compared to the consensus estimate of $32.02 billion. During the same period last year, the business posted $8.27 earnings per share. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. As a group, research analysts predict that Valero Energy Co. will post 18.37 earnings per share for the current year.

Analysts Set New Price Targets

VLO has been the topic of several analyst reports. Wells Fargo & Company upped their target price on Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. upped their price objective on Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Piper Sandler increased 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. Citigroup boosted their target price on shares of Valero Energy from $160.00 to $192.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, UBS Group upped their price target on shares of Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $174.40.

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.