Matrix Trust Co Sells 164 Shares of Valero Energy Co. (NYSE:VLO)

Matrix Trust Co trimmed its holdings in shares of Valero Energy Co. (NYSE:VLO) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,783 shares of the oil and gas company’s stock after selling 164 shares during the period. Matrix Trust Co’s holdings in Valero Energy were worth $882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VLO. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Valero Energy in the 3rd quarter valued at about $28,000. BKM Wealth Management LLC bought a new stake in shares of Valero Energy in the 4th quarter valued at about $26,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Valero Energy in the 4th quarter valued at about $36,000. FSC Wealth Advisors LLC bought a new stake in shares of Valero Energy in the 4th quarter valued at about $38,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of Valero Energy in the 3rd quarter valued at about $42,000. 78.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Piper Sandler increased their price objective on shares of Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Barclays increased their price objective on shares of Valero Energy from $149.00 to $179.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. UBS Group increased their price objective on shares of Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, March 26th. Finally, Wells Fargo & Company increased their price objective on shares of Valero Energy from $171.00 to $184.00 and gave the company an “equal weight” rating in a research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $173.63.

Valero Energy Stock Performance

VLO traded down $1.33 during trading on Friday, reaching $165.80. 2,065,193 shares of the company’s stock were exchanged, 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 debt-to-equity ratio of 0.35, a current ratio of 1.56 and a quick ratio of 1.11. The stock has a market capitalization of $55.13 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 1.52 and a beta of 1.54. The company’s fifty day simple moving average is $161.07 and its 200-day simple moving average is $140.61.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.64. The business had revenue of $31.76 billion for the quarter, compared to analysts’ expectations of $32.02 billion. Valero Energy had a net margin of 5.01% and a return on equity of 24.95%. The business’s revenue was down 12.8% on a year-over-year basis. During the same quarter last year, the company earned $8.27 EPS. As a group, research analysts predict that Valero Energy Co. will post 18.35 earnings per share for the current fiscal 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.