Buckley Wealth Management LLC acquired a new stake in Valero Energy Co. (NYSE:VLO) in the first quarter, Holdings Channel reports. The firm acquired 2,650 shares of the oil and gas company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its stake in shares of Valero Energy by 4,599.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,491,501 shares of the oil and gas company’s stock worth $167,000 after purchasing an additional 12,225,706 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Valero Energy by 10.3% during the third quarter. AQR Capital Management LLC now owns 8,371,097 shares of the oil and gas company’s stock worth $952,212,000 after purchasing an additional 781,426 shares during the last quarter. Northern Trust Corp raised its stake in shares of Valero Energy by 3.3% during the fourth quarter. Northern Trust Corp now owns 6,386,167 shares of the oil and gas company’s stock worth $478,771,000 after purchasing an additional 202,230 shares during the last quarter. Norges Bank purchased a new stake in shares of Valero Energy during the fourth quarter worth approximately $346,427,000. Finally, Morgan Stanley raised its stake in shares of Valero Energy by 14.2% during the third quarter. Morgan Stanley now owns 3,545,018 shares of the oil and gas company’s stock worth $403,246,000 after purchasing an additional 441,925 shares during the last quarter. Institutional investors own 79.20% of the company’s stock.

Valero Energy stock traded up $0.61 during trading hours on Thursday, hitting $89.04. The stock had a trading volume of 3,676,631 shares, compared to its average volume of 3,751,865. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.65. The firm has a market capitalization of $35.54 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. Valero Energy Co. has a 1-year low of $68.81 and a 1-year high of $126.98.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, January 31st. The oil and gas company reported $2.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $1.09. The company had revenue of $28.73 billion for the quarter, compared to analyst estimates of $23.26 billion. Valero Energy had a return on equity of 13.63% and a net margin of 2.67%. As a group, sell-side analysts forecast that Valero Energy Co. will post 6.88 EPS for the current fiscal year.

Several research firms have recently commented on VLO. Argus set a $110.00 price target on Valero Energy and gave the stock a “buy” rating in a research note on Tuesday, February 5th. Standpoint Research cut Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Credit Suisse Group reiterated an “outperform” rating on shares of Valero Energy in a research report on Monday, March 25th. Macquarie upgraded Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 price objective for the company in a research report on Friday, January 18th. Finally, Goldman Sachs Group upgraded Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 price objective for the company in a research report on Friday, January 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $113.32.

In other news, Director Stephen M. Waters bought 500 shares of the stock in a transaction on Wednesday, February 20th. The shares were bought at an average price of $84.97 per share, with a total value of $42,485.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

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Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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