Valero Energy (NYSE:VLO) Given New $164.00 Price Target at UBS Group

Valero Energy (NYSE:VLO - Get Free Report) had its price objective hoisted by equities researchers at UBS Group from $150.00 to $164.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the oil and gas company's stock. UBS Group's target price would suggest a potential upside of 11.30% from the company's previous close.

Other research analysts also recently issued research reports about the company. Piper Sandler dropped their price objective on Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Mizuho raised their price target on Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price target on Valero Energy from $152.00 to $147.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. The Goldman Sachs Group upgraded Valero Energy from a "neutral" rating to a "buy" rating and raised their price target for the stock from $127.00 to $154.00 in a research note on Tuesday, May 13th. Finally, Morgan Stanley decreased their price objective on Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $151.75.

Valero Energy Trading Up 2.5%

NYSE VLO traded up $3.62 on Tuesday, reaching $147.36. 831,913 shares of the company were exchanged, compared to its average volume of 3,049,352. The business's fifty day moving average price is $131.17 and its 200 day moving average price is $128.40. The stock has a market capitalization of $46.15 billion, a P/E ratio of 52.01, a price-to-earnings-growth ratio of 2.50 and a beta of 1.00. The company has a current ratio of 1.56, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. 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 posted its 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 firm had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. During the same period in the previous year, the company posted $3.82 EPS. Valero Energy's revenue was down 4.7% on a year-over-year basis. Analysts forecast that Valero Energy will post 7.92 earnings per share for the current year.

Hedge Funds Weigh In On Valero Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new stake in shares of Valero Energy during the fourth quarter worth about $52,000. Proficio Capital Partners LLC acquired a new position in Valero Energy during the fourth quarter valued at approximately $236,000. OFI Invest Asset Management acquired a new position in Valero Energy during the fourth quarter valued at approximately $37,000. AlphaQuest LLC lifted its position in shares of Valero Energy by 281.5% during the fourth quarter. AlphaQuest LLC now owns 3,773 shares of the oil and gas company's stock worth $463,000 after purchasing an additional 2,784 shares in the last quarter. Finally, Simplicity Wealth LLC lifted its position in shares of Valero Energy by 8.7% during the fourth quarter. Simplicity Wealth LLC now owns 2,834 shares of the oil and gas company's stock worth $347,000 after purchasing an additional 227 shares in the last quarter. Institutional investors and hedge funds 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.

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