Valero Energy (NYSE:VLO - Free Report) had its price target hoisted by Citigroup from $160.00 to $192.00 in a research report released on Thursday, Benzinga reports. Citigroup currently has a buy rating on the oil and gas company's stock.
A number of other equities research analysts have also recently issued reports on VLO. UBS Group upped their price objective on Valero Energy from $167.00 to $197.00 and gave the stock a buy rating in a research note on Tuesday, March 26th. TD Cowen upped their price target on shares of Valero Energy from $175.00 to $190.00 and gave the stock a buy rating in a research report on Monday, April 8th. Raymond James lifted their price objective on shares of Valero Energy from $154.00 to $155.00 and gave the company a strong-buy rating in a research report on Friday, January 26th. Wells Fargo & Company upped their target price on shares of Valero Energy from $171.00 to $184.00 and gave the company an equal weight rating in a report on Thursday, April 4th. Finally, Mizuho downgraded shares of Valero Energy from a buy rating to a neutral rating and raised their target price for the company from $150.00 to $173.00 in a research note on Friday, March 22nd. One equities research 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 company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $173.63.
Check Out Our Latest Report on VLO
Valero Energy Stock Down 2.9 %
VLO traded down $4.79 during trading hours on Thursday, hitting $162.49. 3,088,496 shares of the company's stock were exchanged, compared to its average volume of 3,365,418. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.35. Valero Energy has a 1-year low of $104.18 and a 1-year high of $184.79. The stock's 50-day moving average is $158.12 and its two-hundred day moving average is $139.11. The stock has a market cap of $54.02 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 1.63 and a beta of 1.54.
Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.95 by $0.60. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The company had revenue of $35.41 billion during the quarter, compared to analysts' expectations of $34.76 billion. During the same quarter last year, the company earned $8.45 EPS. Valero Energy's revenue for the quarter was down 15.2% compared to the same quarter last year. Sell-side analysts predict that Valero Energy will post 17.25 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Valero Energy
Hedge funds have recently bought and sold shares of the business. Blair William & Co. IL raised its position in shares of Valero Energy by 1.9% in the first quarter. Blair William & Co. IL now owns 33,427 shares of the oil and gas company's stock valued at $3,394,000 after buying an additional 632 shares in the last quarter. Sei Investments Co. raised its holdings in Valero Energy by 21.7% in the 1st quarter. Sei Investments Co. now owns 100,006 shares of the oil and gas company's stock valued at $10,163,000 after acquiring an additional 17,844 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Valero Energy by 12.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 60,730 shares of the oil and gas company's stock valued at $6,167,000 after acquiring an additional 6,735 shares during the period. Prudential PLC acquired a new stake in shares of Valero Energy during the 1st quarter worth $1,253,000. Finally, Moors & Cabot Inc. increased its position in shares of Valero Energy by 21.0% in the first quarter. Moors & Cabot Inc. now owns 6,780 shares of the oil and gas company's stock worth $688,000 after purchasing an additional 1,179 shares during the period. 78.69% of the stock is owned by institutional investors.
About Valero Energy
(
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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.
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