IMA Wealth Inc. Sells 4,256 Shares of Valero Energy Co. (NYSE:VLO)

IMA Wealth Inc. lessened its holdings in shares of Valero Energy Co. (NYSE:VLO) by 12.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,586 shares of the oil and gas company’s stock after selling 4,256 shares during the quarter. Valero Energy makes up 2.0% of IMA Wealth Inc.’s portfolio, making the stock its 15th largest holding. IMA Wealth Inc.’s holdings in Valero Energy were worth $3,976,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of VLO. Caprock Group LLC purchased a new position in shares of Valero Energy during the 3rd quarter worth $214,000. Oak Thistle LLC purchased a new position in shares of Valero Energy during the 3rd quarter worth $425,000. Connecticut Wealth Management LLC boosted its stake in shares of Valero Energy by 33.7% during the 3rd quarter. Connecticut Wealth Management LLC now owns 3,268 shares of the oil and gas company’s stock worth $463,000 after acquiring an additional 823 shares during the last quarter. TFG Advisers LLC boosted its stake in shares of Valero Energy by 25.6% during the 3rd quarter. TFG Advisers LLC now owns 4,320 shares of the oil and gas company’s stock worth $612,000 after acquiring an additional 880 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC lifted its stake in shares of Valero Energy by 12.0% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 2,035 shares of the oil and gas company’s stock valued at $288,000 after buying an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 0.8 %

Shares of VLO traded down $1.33 during mid-day trading on Friday, hitting $165.80. 2,065,193 shares of the company traded hands, compared to its average volume of 2,618,982. Valero Energy Co. has a 1-year low of $104.18 and a 1-year 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 company has a market capitalization of $55.13 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.52 and a beta of 1.54. The business has a 50 day moving average of $161.07 and a 200 day moving average of $140.61.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 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 analyst estimates of $32.02 billion. Valero Energy had a return on equity of 24.95% and a net margin of 5.01%. Valero Energy’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.27 earnings per share. Equities research analysts anticipate that Valero Energy Co. will post 18.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VLO. Mizuho cut shares of Valero Energy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $150.00 to $173.00 in a research note on Friday, March 22nd. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $156.00 to $210.00 in a research note on Friday, March 15th. Raymond James lifted their target price on shares of Valero Energy from $154.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Friday, January 26th. TD Cowen lifted their target price on shares of Valero Energy from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Wells Fargo & Company lifted their price target on shares of Valero Energy from $171.00 to $184.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.63.

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.