TD Cowen Reiterates Hold Rating for Valero Energy (NYSE:VLO)

Valero Energy (NYSE:VLO - Get Free Report)'s stock had its "hold" rating restated by equities researchers at TD Cowen in a research note issued on Tuesday, MarketBeat reports. They presently have a $140.00 price objective on the oil and gas company's stock, up from their prior price objective of $118.00. TD Cowen's price objective suggests a potential downside of 3.59% from the company's current price.

Other research analysts have also issued research reports about the company. UBS Group boosted their target price on Valero Energy from $150.00 to $164.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Wells Fargo & Company boosted their target price on Valero Energy from $151.00 to $168.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Evercore ISI started coverage on Valero Energy in a research report on Wednesday, June 18th. They issued an "in-line" rating and a $135.00 price objective for the company. The Goldman Sachs Group upgraded shares of Valero Energy from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $127.00 to $154.00 in a research report on Tuesday, May 13th. Finally, Raymond James Financial boosted their target price on shares of Valero Energy from $155.00 to $172.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 15th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Valero Energy currently has an average rating of "Moderate Buy" and an average target price of $153.80.

Valero Energy Stock Performance

Shares of NYSE:VLO traded down $1.07 during trading on Tuesday, hitting $145.21. The company's stock had a trading volume of 2,805,817 shares, compared to its average volume of 3,091,562. The company has a 50-day moving average of $136.65 and a 200-day moving average of $130.18. The firm has a market cap of $45.48 billion, a price-to-earnings ratio of 51.31, a P/E/G ratio of 2.55 and a beta of 1.00. Valero Energy has a 12 month low of $99.00 and a 12 month high of $167.78. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.09.

Valero Energy (NYSE:VLO - Get Free Report) last released its earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share 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 business 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 business posted $3.82 earnings per share. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, sell-side analysts expect that Valero Energy will post 7.92 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Hoey Investments Inc. purchased a new position in shares of Valero Energy during the second quarter worth approximately $26,000. Wayfinding Financial LLC purchased a new position in shares of Valero Energy in the 1st quarter valued at about $26,000. Hazlett Burt & Watson Inc. raised its stake 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 worth $28,000 after buying an additional 130 shares during the last quarter. Ameriflex Group Inc. acquired a new position in shares of Valero Energy during the 4th quarter worth $29,000. Finally, Ransom Advisory Ltd acquired a new position in Valero Energy in the 1st quarter valued at about $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.