Valero Energy (NYSE:VLO) Price Target Raised to $155.00

Valero Energy (NYSE:VLO - Get Free Report) had its target price increased by stock analysts at Raymond James Financial from $150.00 to $155.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "strong-buy" rating on the oil and gas company's stock. Raymond James Financial's target price would suggest a potential upside of 15.12% from the stock's current price.

A number of other brokerages have also recently weighed in on VLO. TD Cowen reduced their target price on Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Barclays boosted their price objective on Valero Energy from $140.00 to $141.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Piper Sandler reduced their price objective on Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Mizuho boosted their price objective on Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group upgraded Valero Energy from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $127.00 to $154.00 in a research note on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $150.88.

Valero Energy Price Performance

NYSE VLO traded down $0.05 during mid-day trading on Monday, hitting $134.64. The stock had a trading volume of 2,413,515 shares, compared to its average volume of 3,044,348. Valero Energy has a 52-week low of $99.00 and a 52-week high of $270.00. The company has a market cap of $42.17 billion, a price-to-earnings ratio of 47.58, a P/E/G ratio of 2.35 and a beta of 0.99. The company has a 50 day simple moving average of $127.81 and a 200 day simple moving average of $127.65. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 0.39.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). Valero Energy had a net margin of 0.72% and a return on equity of 6.30%. The business had revenue of $28.76 billion during the quarter, compared to analysts' expectations of $28.54 billion. During the same period in the prior year, the firm earned $3.82 EPS. Valero Energy's revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts forecast that Valero Energy will post 7.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Valero Energy

Several institutional investors have recently made changes to their positions in VLO. Patten Group Inc. bought a new position in Valero Energy in the 4th quarter worth approximately $277,000. Charles Schwab Investment Management Inc. increased its stake in shares of Valero Energy by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company's stock worth $1,311,864,000 after acquiring an additional 413,963 shares during the last quarter. Sendero Wealth Management LLC increased its position in Valero Energy by 11.0% during the first quarter. Sendero Wealth Management LLC now owns 20,198 shares of the oil and gas company's stock worth $2,668,000 after buying an additional 2,000 shares during the last quarter. Applied Finance Capital Management LLC increased its position in Valero Energy by 3.0% during the fourth quarter. Applied Finance Capital Management LLC now owns 178,293 shares of the oil and gas company's stock worth $21,857,000 after buying an additional 5,203 shares during the last quarter. Finally, United Capital Management of KS Inc. increased its position in Valero Energy by 3.7% during the fourth quarter. United Capital Management of KS Inc. now owns 75,721 shares of the oil and gas company's stock worth $9,283,000 after buying an additional 2,679 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

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.