Valero Energy (NYSE:VLO) Stock Price Expected to Rise, Mizuho Analyst Says

Key Points

• Mizuho raised its Valero price target to $436 from $434, implying 20.49% upside from the prior close.
• Analyst sentiment is mixed but leans positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $411.79.
• Valero beat quarterly forecasts, reporting EPS of $23.90 versus $21.17 expected and revenue of $46.10 billion versus $42.71 billion; revenue rose 43.3% year over year.

Valero Energy (NYSE:VLO - Get Free Report) had its target price raised by analysts at Mizuho from $434.00 to $436.00 in a report released on Monday. Mizuho's target price would indicate a potential upside of 20.49% from the company's previous close.

VLO has been the topic of a number of other research reports. Barclays raised their price target on Valero Energy from $441.00 to $443.00 and gave the stock an "overweight" rating in a research report on Friday, October 23rd. Jefferies Financial Group reduced their price objective on shares of Valero Energy from $401.00 to $394.00 and set a "hold" rating on the stock in a research note on Thursday, October 8th. 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 report on Monday, September 14th. TD Cowen boosted their target price on shares of Valero Energy from $375.00 to $400.00 and gave the company a "hold" rating in a research report on Thursday, October 22nd. Finally, The Goldman Sachs Group upped their price target on shares of Valero Energy from $365.00 to $457.00 and gave the stock a "buy" rating in a report on Wednesday, September 23rd. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Valero Energy has a consensus rating of "Moderate Buy" and a consensus price target of $411.79.

Valero Energy Price Performance

Shares of NYSE VLO traded down $3.47 during midday trading on Monday, reaching $361.87. The company's stock had a trading volume of 2,001,298 shares, compared to its average volume of 3,308,737. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 1.72. Valero Energy has a fifty-two week low of $159.90 and a fifty-two week high of $461.52. The business's 50 day moving average price is $399.58 and its two-hundred day moving average price is $287.97. The company has a market cap of $104.19 billion, a P/E ratio of 8.14, a P/E/G ratio of 0.20 and a beta of 0.58.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The oil and gas company reported $23.90 EPS for the quarter, topping analysts' consensus estimates of $21.17 by $2.73. The firm had revenue of $46.10 billion for the quarter, compared to analyst estimates of $42.71 billion. Valero Energy had a return on equity of 45.90% and a net margin of 8.44%. The company's revenue was up 43.3% on a year-over-year basis. During the same quarter last year, the company earned $3.66 EPS. On average, analysts forecast that Valero Energy will post 57.83 EPS for the current fiscal year.

Institutional Trading of Valero Energy

A number of hedge funds and other institutional investors have recently modified their holdings of VLO. Balance Wealth Partners LLC purchased a new stake in Valero Energy during the 3rd quarter valued at about $32,000. Latitude Advisors LLC purchased a new position in Valero Energy in the third quarter worth about $34,000. Cornerstone Financial Management LLC lifted its stake in shares of Valero Energy by 57.6% in the second quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company's stock worth $27,000 after buying an additional 38 shares in the last quarter. Mascoma Wealth Management LLC grew its holdings in shares of Valero Energy by 1,980.0% during the third quarter. Mascoma Wealth Management LLC now owns 104 shares of the oil and gas company's stock valued at $40,000 after buying an additional 99 shares during the last quarter. Finally, Whipplewood Advisors LLC grew its holdings in shares of Valero Energy by 3,400.0% during the first quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company's stock valued at $26,000 after buying an additional 102 shares during the last quarter. Institutional investors own 78.69% of the company's stock.

Valero Energy Company Profile

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company's primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.

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