Conning Inc. decreased its position in shares of Valero Energy Co. (NYSE:VLO) by 3.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 523,135 shares of the oil and gas company’s stock after selling 19,486 shares during the quarter. Valero Energy comprises approximately 1.4% of Conning Inc.’s investment portfolio, making the stock its 26th biggest holding. Conning Inc.’s holdings in Valero Energy were worth $44,378,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sontag Advisory LLC bought a new position in Valero Energy during the 4th quarter worth approximately $25,000. Athena Capital Advisors LLC bought a new position in Valero Energy in the fourth quarter valued at approximately $28,000. Strategic Wealth Partners Ltd. lifted its stake in Valero Energy by 876.2% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 410 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 368 shares in the last quarter. JNBA Financial Advisors lifted its stake in Valero Energy by 126.0% in the fourth quarter. JNBA Financial Advisors now owns 452 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 252 shares in the last quarter. Finally, First Manhattan Co. lifted its stake in Valero Energy by 47.1% in the first quarter. First Manhattan Co. now owns 453 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 145 shares in the last quarter. 79.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of VLO stock traded up $3.11 during trading on Monday, reaching $91.15. The company’s stock had a trading volume of 2,931,224 shares, compared to its average volume of 3,696,218. The company has a quick ratio of 1.04, a current ratio of 1.65 and a debt-to-equity ratio of 0.39. The firm has a market cap of $37.00 billion, a PE ratio of 12.37, a P/E/G ratio of 1.63 and a beta of 1.17. Valero Energy Co. has a one year low of $68.81 and a one year high of $126.98.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, January 31st. The oil and gas company reported $2.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $1.09. The business had revenue of $28.73 billion for the quarter, compared to analyst estimates of $23.26 billion. Valero Energy had a net margin of 2.67% and a return on equity of 13.63%. On average, equities analysts predict that Valero Energy Co. will post 6.75 earnings per share for the current fiscal year.

A number of brokerages have weighed in on VLO. Morgan Stanley lifted their price target on shares of Valero Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Argus set a $110.00 price target on shares of Valero Energy and gave the company a “buy” rating in a research note on Tuesday, February 5th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Valero Energy in a research note on Monday, March 25th. Zacks Investment Research raised shares of Valero Energy from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 5th. Finally, Raymond James cut their price target on shares of Valero Energy from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, December 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $113.32.

In other Valero Energy news, Director Stephen M. Waters acquired 500 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were acquired at an average price of $84.97 per share, with a total value of $42,485.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.38% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Valero Energy Co. (VLO) Position Trimmed by Conning Inc.” was originally reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.watchlistnews.com/valero-energy-co-vlo-position-trimmed-by-conning-inc/2981623.html.

About Valero Energy

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.

Featured Article: Derivative

Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Co. (NYSE:VLO).

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

Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.