Valero Energy Co. (NYSE:VLO) Shares Acquired by Cadence Bank

Cadence Bank boosted its stake in Valero Energy Co. (NYSE:VLO) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,236 shares of the oil and gas company’s stock after purchasing an additional 257 shares during the period. Cadence Bank’s holdings in Valero Energy were worth $1,010,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arrow Capital Pty Ltd acquired a new position in Valero Energy in the 4th quarter worth $3,187,000. CANADA LIFE ASSURANCE Co lifted its stake in shares of Valero Energy by 21.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 404,239 shares of the oil and gas company’s stock worth $49,514,000 after acquiring an additional 71,117 shares in the last quarter. Zacks Investment Management boosted its holdings in Valero Energy by 7.6% in the fourth quarter. Zacks Investment Management now owns 4,568 shares of the oil and gas company’s stock valued at $560,000 after purchasing an additional 322 shares during the last quarter. Ceredex Value Advisors LLC acquired a new stake in Valero Energy during the 4th quarter valued at approximately $33,964,000. Finally, Anchor Investment Management LLC raised its position in shares of Valero Energy by 10.9% in the 4th quarter. Anchor Investment Management LLC now owns 13,114 shares of the oil and gas company’s stock valued at $1,608,000 after purchasing an additional 1,294 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Raymond James lowered their price objective on Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 9th. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Piper Sandler reduced their price objective on Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Mizuho lowered their target price on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Finally, Scotiabank reduced their price target on shares of Valero Energy from $156.00 to $136.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.46.

Valero Energy Price Performance

Shares of NYSE VLO opened at $109.98 on Friday. The firm has a fifty day simple moving average of $125.26 and a 200 day simple moving average of $130.83. The company has a market capitalization of $34.64 billion, a PE ratio of 12.97, a P/E/G ratio of 2.93 and a beta of 1.17. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a twelve month low of $99.00 and a twelve month high of $168.85.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. On average, sell-side analysts forecast 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.