Valero Energy (NYSE:VLO) Stock Gets Price Target Bump from Mizuho

Key Points

• Mizuho raised Valero Energy’s price target from $300 to $434 while maintaining a “neutral” rating, implying roughly 2.48% upside from the stock’s current price.
• Analyst sentiment is broadly positive, with MarketBeat assigning Valero an average “Moderate Buy” rating and a consensus price target of $365.62.
• Valero reported quarterly EPS of $12.54, exceeding estimates of $10.11, while revenue reached $44.48 billion, up 48.8% year over year.

Valero Energy (NYSE:VLO - Get Free Report) had its target price lifted by Mizuho from $300.00 to $434.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a "neutral" rating on the oil and gas company's stock. Mizuho's price target would indicate a potential upside of 2.48% from the stock's current price.

VLO has been the subject of a number of other research reports. Zacks Research upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. Raymond James Financial raised their target price on shares of Valero Energy from $350.00 to $450.00 and gave the company a "strong-buy" rating in a research note on Monday, September 14th. TD Cowen boosted their price target on Valero Energy from $338.00 to $350.00 and gave the stock a "hold" rating in a research report on Monday, August 3rd. Bank of America upped their price objective on Valero Energy from $395.00 to $414.00 and gave the company a "neutral" rating in a research note on Friday, October 2nd. Finally, Citigroup raised their price objective on Valero Energy from $259.00 to $302.00 and gave the company a "neutral" rating in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $365.62.

Valero Energy Stock Up 1.0%

VLO stock opened at $423.50 on Thursday. The company has a market cap of $121.94 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 0.28 and a beta of 0.59. Valero Energy has a twelve month low of $155.29 and a twelve month high of $428.99. The business has a 50 day moving average price of $363.64 and a two-hundred day moving average price of $294.13. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 0.37.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.11 by $2.43. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%.The company had revenue of $44.48 billion for the quarter, compared to analysts' expectations of $39.47 billion. During the same quarter in the prior year, the business posted $2.28 EPS. The business's revenue was up 48.8% compared to the same quarter last year. Analysts anticipate that Valero Energy will post 49.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Valero Energy

Institutional investors have recently made changes to their positions in the company. Moore Capital Management LP acquired a new position in Valero Energy in the 2nd quarter worth about $13,193,000. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Valero Energy by 4.2% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 192,430 shares of the oil and gas company's stock valued at $47,546,000 after purchasing an additional 7,702 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. bought a new stake in shares of Valero Energy during the fourth quarter worth about $2,268,000. TrueMark Investments LLC bought a new stake in shares of Valero Energy during the first quarter worth about $8,921,000. Finally, QRG Capital Management Inc. increased its stake in shares of Valero Energy by 5.5% in the second quarter. QRG Capital Management Inc. now owns 58,558 shares of the oil and gas company's stock valued at $15,251,000 after buying an additional 3,037 shares during the period. Institutional investors own 78.69% of the company's stock.

Valero Energy Company Profile

Valero Energy Corporation is an international petroleum refining, renewable fuels and marketing company headquartered in San Antonio, Texas. Founded in 1980, the company processes crude oil and other feedstocks into transportation fuels and other products used by commercial, industrial and consumer customers.

Valero's refined products include gasoline, diesel, jet fuel, asphalt, lubricants and petrochemical feedstocks. The company also produces and markets ethanol and renewable diesel, including through its Diamond Green Diesel joint venture with Darling Ingredients.

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