Valero Energy (NYSE:VLO) Given Peer Perform Rating at Wolfe Research

Valero Energy (NYSE:VLO - Get Free Report)'s stock had its "peer perform" rating restated by investment analysts at Wolfe Research in a research note issued on Monday, Marketbeat.com reports.

Several other research firms have also recently weighed in on VLO. Barclays boosted their price target on shares of Valero Energy from $140.00 to $141.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Raymond James Financial boosted their target price on Valero Energy from $150.00 to $155.00 and gave the stock a "strong-buy" rating in a research note on Monday, June 30th. Piper Sandler boosted their price objective on Valero Energy from $142.00 to $160.00 and gave the stock an "overweight" rating in a research report on Thursday. The Goldman Sachs Group raised Valero Energy from a "neutral" rating to a "buy" rating and raised their target price for the company from $127.00 to $154.00 in a research report on Tuesday, May 13th. Finally, TD Cowen cut their price target on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Four investment 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 stock. According to data from MarketBeat.com, Valero Energy presently has a consensus rating of "Moderate Buy" and an average target price of $153.56.

Valero Energy Stock Down 2.7%

VLO stock traded down $4.07 during mid-day trading on Monday, reaching $148.98. 2,626,768 shares of the company traded hands, compared to its average volume of 3,406,163. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 0.39. The firm's 50 day moving average price is $133.97 and its 200 day moving average price is $129.31. The stock has a market cap of $46.66 billion, a price-to-earnings ratio of 52.64, a P/E/G ratio of 2.67 and a beta of 1.00. Valero Energy has a fifty-two week low of $99.00 and a fifty-two week high of $167.78.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The company had revenue of $28.76 billion for the quarter, compared to the consensus estimate of $28.54 billion. During the same quarter last year, the company posted $3.82 EPS. The company's quarterly revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts predict that Valero Energy will post 7.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Hoey Investments Inc. purchased a new position in Valero Energy during the second quarter valued at approximately $26,000. Wayfinding Financial LLC bought a new position in Valero Energy in the 1st quarter valued at $26,000. Hazlett Burt & Watson Inc. grew its position in shares of Valero Energy by 156.6% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 130 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of Valero Energy in the fourth quarter worth $29,000. Finally, Ransom Advisory Ltd purchased a new stake in shares of Valero Energy in the first quarter worth $43,000. Institutional investors own 78.69% of the company's stock.

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.