Valero Energy (NYSE:VLO) Price Target Lowered to $147.00 at JPMorgan Chase & Co.

Valero Energy (NYSE:VLO - Get Free Report) had its target price lowered by JPMorgan Chase & Co. from $152.00 to $147.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "overweight" rating on the oil and gas company's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 28.36% from the stock's previous close.

Other analysts also recently issued reports about the company. TD Cowen reduced their price objective on Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a research report on Friday. Morgan Stanley lowered their price target on shares of Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a report on Thursday. Piper Sandler lowered their target price on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Wells Fargo & Company reduced their price target on Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Finally, The Goldman Sachs Group raised Valero Energy from a "sell" rating to a "neutral" rating and set a $127.00 price target on the stock in a research note on Monday. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Valero Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.79.

Valero Energy Price Performance

Shares of Valero Energy stock traded up $0.65 on Monday, hitting $114.52. The company's stock had a trading volume of 560,418 shares, compared to its average volume of 3,002,962. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average price of $123.10 and a 200-day moving average price of $129.71. Valero Energy has a 52-week low of $99.00 and a 52-week high of $168.85. The company has a market capitalization of $36.07 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The business had revenue of $28.76 billion during the quarter, compared to analyst estimates of $28.54 billion. On average, equities research analysts expect 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 modified their holdings of VLO. New Wave Wealth Advisors LLC purchased a new position in Valero Energy in the 4th quarter worth approximately $25,000. Ameriflex Group Inc. purchased a new position in shares of Valero Energy in the fourth quarter valued at $29,000. Tobam acquired a new stake in Valero Energy during the 4th quarter valued at $30,000. OFI Invest Asset Management purchased a new stake in Valero Energy during the 4th quarter worth $37,000. Finally, Golden State Wealth Management LLC acquired a new position in Valero Energy in the 4th quarter worth $38,000. 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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