Summit Global Investments Has $12.06 Million Stake in Valero Energy Co. (NYSE:VLO)

Summit Global Investments boosted its position in shares of Valero Energy Co. (NYSE:VLO) by 12.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,785 shares of the oil and gas company’s stock after acquiring an additional 9,947 shares during the period. Valero Energy accounts for 0.8% of Summit Global Investments’ investment portfolio, making the stock its 27th biggest holding. Summit Global Investments’ holdings in Valero Energy were worth $12,062,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its position in Valero Energy by 4.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 281,971 shares of the oil and gas company’s stock worth $36,656,000 after acquiring an additional 12,428 shares during the last quarter. JFG Wealth Management LLC acquired a new position in Valero Energy during the 4th quarter worth $234,000. First Trust Direct Indexing L.P. raised its position in shares of Valero Energy by 25.8% during the fourth quarter. First Trust Direct Indexing L.P. now owns 12,576 shares of the oil and gas company’s stock valued at $1,635,000 after buying an additional 2,576 shares during the last quarter. Essex Financial Services Inc. lifted its stake in shares of Valero Energy by 21.9% in the fourth quarter. Essex Financial Services Inc. now owns 3,033 shares of the oil and gas company’s stock valued at $394,000 after buying an additional 544 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Valero Energy by 36.0% in the fourth quarter. Victory Capital Management Inc. now owns 853,484 shares of the oil and gas company’s stock valued at $110,953,000 after buying an additional 225,923 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Price Performance

Shares of NYSE VLO traded up $1.66 during mid-day trading on Thursday, hitting $157.32. 1,724,122 shares of the stock were exchanged, compared to its average volume of 3,276,509. The company has a market cap of $52.31 billion, a P/E ratio of 7.78, a PEG ratio of 1.46 and a beta of 1.55. The stock’s fifty day simple moving average is $162.49 and its two-hundred day simple moving average is $141.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.59. Valero Energy Co. has a twelve month low of $104.18 and a twelve month high of $184.79.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.64. The company had revenue of $31.76 billion during the quarter, compared to analyst estimates of $32.02 billion. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The company’s revenue was down 12.8% on a year-over-year basis. During the same quarter last year, the business posted $8.27 earnings per share. As a group, analysts forecast that Valero Energy Co. will post 18.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VLO has been the subject of several research reports. Wells Fargo & Company increased their target price on shares of Valero Energy from $171.00 to $184.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Mizuho cut shares of Valero Energy from a “buy” rating to a “neutral” rating and increased their target price for the company from $150.00 to $173.00 in a research note on Friday, March 22nd. TD Cowen reduced their target price on shares of Valero Energy from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday. UBS Group increased their target price on shares of Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. Finally, Barclays reduced their target price on shares of Valero Energy from $179.00 to $173.00 and set an “overweight” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.40.

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.