Valero Energy (NYSE:VLO) Given New $118.00 Price Target at TD Cowen

Valero Energy (NYSE:VLO - Free Report) had its price objective reduced by TD Cowen from $121.00 to $118.00 in a research report released on Friday morning, MarketBeat Ratings reports. TD Cowen currently has a buy rating on the oil and gas company's stock.

Other equities analysts have also recently issued research reports about the company. Raymond James reduced their price target on Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Morgan Stanley reduced their price target on Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company reduced their price target on Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Piper Sandler reduced their price target on Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Finally, Scotiabank reduced their price target on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $149.80.

Valero Energy Stock Performance

Shares of NYSE VLO traded down $1.00 during trading on Friday, reaching $114.52. 1,215,798 shares of the company traded hands, compared to its average volume of 3,001,701. The firm's fifty day simple moving average is $122.18 and its 200 day simple moving average is $129.42. The stock has a market cap of $36.07 billion, a P/E ratio of 13.50, a PEG ratio of 2.93 and a beta of 1.17. Valero Energy has a 12-month low of $99.00 and a 12-month high of $167.78. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). The company had revenue of $28.76 billion for the quarter, compared to analysts' expectations of $28.54 billion. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The business's quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.82 EPS. As a group, research analysts anticipate that Valero Energy will post 7.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Valero Energy

A number of large investors have recently made changes to their positions in the stock. World Investment Advisors grew its position in shares of Valero Energy by 1.8% in the fourth quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company's stock valued at $530,000 after purchasing an additional 78 shares in the last quarter. Segment Wealth Management LLC grew its position in Valero Energy by 1.7% in the fourth quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company's stock worth $606,000 after acquiring an additional 81 shares during the period. Silver Coast Investments LLC grew its position in Valero Energy by 1.7% in the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock worth $622,000 after acquiring an additional 83 shares during the period. Patrick M Sweeney & Associates Inc. grew its position in Valero Energy by 2.0% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company's stock worth $575,000 after acquiring an additional 90 shares during the period. Finally, Deseret Mutual Benefit Administrators grew its position in Valero Energy by 6.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company's stock worth $186,000 after acquiring an additional 94 shares during the period. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

About Valero Energy

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.