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

Key Points

• UBS Group has raised its price target for Valero Energy (NYSE: VLO) from $165.00 to $183.00, suggesting an upside potential of 10.46% from the current stock price.
• Multiple analysts have issued positive ratings for Valero Energy, with Wells Fargo raising their target price to $168.00 and Piper Sandler to $200.00.
• Valero Energy reported a quarterly EPS of $2.28, surpassing estimates, while revenues dropped 13.3% compared to the previous year.

Valero Energy (NYSE:VLO - Get Free Report) had its price target upped by equities researchers at UBS Group from $165.00 to $183.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the oil and gas company's stock. UBS Group's price objective suggests a potential upside of 9.90% from the company's previous close.

Several other equities analysts have also recently weighed in on VLO. Wells Fargo & Company raised their price objective on Valero Energy from $151.00 to $168.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Piper Sandler increased their price objective on Valero Energy from $171.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, September 11th. Morgan Stanley boosted their target price on shares of Valero Energy from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Citigroup cut shares of Valero Energy from a "buy" rating to a "neutral" rating and increased their price target for the company from $134.00 to $150.00 in a research note on Wednesday, July 16th. Finally, Mizuho boosted their price objective on shares of Valero Energy from $166.00 to $190.00 and gave the stock an "outperform" rating in a research note on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $165.00.

Valero Energy Stock Up 2.4%

Shares of Valero Energy stock traded up $3.90 during trading on Monday, reaching $166.52. The stock had a trading volume of 2,612,991 shares, compared to its average volume of 2,796,160. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $51.73 billion, a price-to-earnings ratio of 69.38, a P/E/G ratio of 1.76 and a beta of 1.10. The stock has a fifty day moving average price of $146.80 and a two-hundred day moving average price of $134.42. Valero Energy has a 52 week low of $99.00 and a 52 week high of $167.08.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.62. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.Valero Energy's quarterly revenue was down 13.3% on a year-over-year basis. During the same period last year, the company earned $2.71 earnings per share. Sell-side analysts predict that Valero Energy will post 7.92 EPS for the current fiscal year.

Institutional Trading of Valero Energy

Several large investors have recently made changes to their positions in VLO. Caldwell Trust Co bought a new position in Valero Energy in the second quarter valued at approximately $1,666,000. Canal Capital Management LLC boosted its holdings in shares of Valero Energy by 10.1% in the 2nd quarter. Canal Capital Management LLC now owns 4,094 shares of the oil and gas company's stock valued at $550,000 after purchasing an additional 377 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in shares of Valero Energy by 183.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 7,193 shares of the oil and gas company's stock valued at $967,000 after purchasing an additional 4,655 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Valero Energy by 2.7% during the 2nd quarter. Osaic Holdings Inc. now owns 99,529 shares of the oil and gas company's stock worth $13,373,000 after buying an additional 2,631 shares in the last quarter. Finally, Evolution Wealth Management Inc. acquired a new position in shares of Valero Energy during the 2nd quarter worth $43,000. Institutional investors and hedge funds 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.