Mirabella Financial Services LLP Purchases New Shares in Valero Energy Co. (NYSE:VLO)

Mirabella Financial Services LLP acquired a new position in shares of Valero Energy Co. (NYSE:VLO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,515 shares of the oil and gas company’s stock, valued at approximately $1,288,000.

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

Analysts Set New Price Targets

VLO has been the subject of a number of analyst reports. Piper Sandler dropped their price target on Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Wells Fargo & Company cut their price target on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Mizuho decreased their price objective on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Raymond James lowered their price target 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $152.46.

Valero Energy Price Performance

Valero Energy stock opened at $109.98 on Monday. The stock’s 50 day moving average is $125.26 and its 200 day moving average is $130.70. Valero Energy Co. has a one year low of $99.00 and a one year high of $168.85. The firm has a market cap of $34.64 billion, a P/E ratio of 12.97, 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 (NYSE:VLO) last posted its quarterly earnings data 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%. As a group, research analysts expect 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.