TD Cowen Cuts Valero Energy (NYSE:VLO) Price Target to $185.00

Valero Energy (NYSE:VLO - Get Free Report) had its price objective lowered by analysts at TD Cowen from $190.00 to $185.00 in a research note issued on Monday, MarketBeat Ratings reports. The brokerage currently has a "buy" rating on the oil and gas company's stock. TD Cowen's target price would suggest a potential upside of 10.43% from the stock's current price.

VLO has been the subject of several other research reports. Piper Sandler lifted their price objective on Valero Energy from $161.00 to $198.00 and gave the company an "overweight" rating in a research note on Wednesday, April 3rd. Raymond James boosted their price objective on Valero Energy from $154.00 to $155.00 and gave the stock a "strong-buy" rating in a report on Friday, January 26th. Scotiabank lifted their target price on shares of Valero Energy from $138.00 to $165.00 and gave the company a "sector outperform" rating in a research report on Thursday, April 11th. UBS Group boosted their price target on shares of Valero Energy from $167.00 to $197.00 and gave the stock a "buy" rating in a research note on Tuesday, March 26th. Finally, Bank of America raised shares of Valero Energy from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $156.00 to $210.00 in a report on Friday, March 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $174.80.

Valero Energy Price Performance

VLO stock traded up $1.73 during mid-day trading on Monday, reaching $167.53. 2,082,097 shares of the company traded hands, compared to its average volume of 3,277,363. Valero Energy has a 52-week low of $104.18 and a 52-week high of $184.79. The company has a market capitalization of $55.70 billion, a P/E ratio of 8.30, a P/E/G ratio of 1.50 and a beta of 1.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10. The company has a fifty day moving average price of $161.63 and a 200-day moving average price of $141.05.

Valero Energy (NYSE:VLO - Get Free Report) last posted its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, topping analysts' consensus estimates of $3.18 by $0.64. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The business had revenue of $31.76 billion for the quarter, compared to analyst estimates of $32.02 billion. During the same quarter in the prior year, the firm posted $8.27 EPS. Valero Energy's revenue was down 12.8% on a year-over-year basis. As a group, analysts anticipate that Valero Energy will post 18.37 earnings per share for the current year.

Institutional Trading of Valero Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Valeo Financial Advisors LLC bought a new stake in Valero Energy in the 3rd quarter worth $383,000. Atlantic Union Bankshares Corp bought a new stake in shares of Valero Energy in the third quarter worth about $1,209,000. Commonwealth Equity Services LLC increased its holdings in Valero Energy by 3.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 269,543 shares of the oil and gas company's stock valued at $38,197,000 after purchasing an additional 8,081 shares during the period. Vicus Capital raised its position in Valero Energy by 7.9% during the 3rd quarter. Vicus Capital now owns 4,096 shares of the oil and gas company's stock valued at $580,000 after purchasing an additional 301 shares during the last quarter. Finally, Aua Capital Management LLC lifted its holdings in Valero Energy by 19.9% in the 3rd quarter. Aua Capital Management LLC now owns 2,194 shares of the oil and gas company's stock worth $311,000 after buying an additional 364 shares during the period. Institutional investors own 78.69% of the company's stock.

Valero Energy Company Profile

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.