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

Semanteon Capital Management LP bought a new position in Valero Energy Co. (NYSE:VLO) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 9,488 shares of the oil and gas company’s stock, valued at approximately $1,233,000. Valero Energy accounts for 0.8% of Semanteon Capital Management LP’s holdings, making the stock its 19th biggest holding.

Other hedge funds have also made changes to their positions in the company. Marino Stram & Associates LLC raised its position in shares of Valero Energy by 0.9% in the 4th quarter. Marino Stram & Associates LLC now owns 8,384 shares of the oil and gas company’s stock worth $1,090,000 after acquiring an additional 77 shares in the last quarter. Miller Howard Investments Inc. NY raised its position in shares of Valero Energy by 0.5% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 16,630 shares of the oil and gas company’s stock worth $2,357,000 after acquiring an additional 79 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in Valero Energy by 0.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,000 shares of the oil and gas company’s stock valued at $1,417,000 after buying an additional 81 shares in the last quarter. Arkadios Wealth Advisors increased its position in Valero Energy by 5.0% during the 4th quarter. Arkadios Wealth Advisors now owns 1,690 shares of the oil and gas company’s stock valued at $220,000 after buying an additional 81 shares in the last quarter. Finally, Fulcrum Equity Management increased its position in Valero Energy by 1.0% during the 4th quarter. Fulcrum Equity Management now owns 8,806 shares of the oil and gas company’s stock valued at $1,145,000 after buying an additional 86 shares in the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wells Fargo & Company upped their target price on Valero Energy from $171.00 to $184.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Raymond James upped their target price on Valero Energy from $154.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Friday, January 26th. UBS Group upped their target price on Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, March 26th. Scotiabank upped their target price on Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. increased their price objective on Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $173.63.

Valero Energy Stock Performance

Shares of VLO traded up $0.13 during mid-day trading on Thursday, reaching $167.13. The company had a trading volume of 3,274,633 shares, compared to its average volume of 3,307,443. Valero Energy Co. has a 52-week low of $104.18 and a 52-week high of $184.79. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $55.57 billion, a P/E ratio of 6.76, a PEG ratio of 1.53 and a beta of 1.54. The stock has a 50 day moving average of $160.54 and a two-hundred day moving average of $140.34.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, topping analysts’ consensus estimates of $2.95 by $0.60. The firm had revenue of $35.41 billion for the quarter, compared to the consensus estimate of $34.76 billion. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The company’s revenue was down 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.45 earnings per share. On average, analysts expect that Valero Energy Co. will post 18.31 earnings per share 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.