Valero Energy (NYSE:VLO) Price Target Raised to $168.00 at Wells Fargo & Company

Valero Energy (NYSE:VLO - Get Free Report) had its price objective increased by stock analysts at Wells Fargo & Company from $151.00 to $168.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the oil and gas company's stock. Wells Fargo & Company's target price points to a potential upside of 12.77% from the company's current price.

Several other research firms have also issued reports on VLO. JPMorgan Chase & Co. dropped their price objective on shares of Valero Energy from $152.00 to $147.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Mizuho increased their price objective on shares of Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Barclays increased their price objective on shares of Valero Energy from $140.00 to $141.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. UBS Group increased their price objective on shares of Valero Energy from $150.00 to $164.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Morgan Stanley decreased their target price on shares of Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Valero Energy currently has an average rating of "Moderate Buy" and a consensus target price of $152.31.

Valero Energy Stock Performance

NYSE:VLO opened at $148.97 on Wednesday. The firm has a 50 day simple moving average of $131.83 and a 200-day simple moving average of $128.54. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.09. The firm has a market cap of $46.66 billion, a PE ratio of 52.52, a P/E/G ratio of 2.47 and a beta of 1.00. Valero Energy has a 1-year low of $99.00 and a 1-year high of $167.78.

Valero Energy (NYSE:VLO - Get Free Report) last issued 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 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 analyst estimates of $28.54 billion. During the same period last year, the company posted $3.82 EPS. The business's revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities analysts expect that Valero Energy will post 7.92 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Wayfinding Financial LLC bought a new position in shares of Valero Energy in the 1st quarter worth about $26,000. Hazlett Burt & Watson Inc. lifted its position in shares of Valero Energy by 156.6% in 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. bought a new position in shares of Valero Energy in the 4th quarter worth about $29,000. Ransom Advisory Ltd bought a new position in shares of Valero Energy in the 1st quarter worth about $43,000. Finally, Iron Horse Wealth Management LLC bought a new position in shares of Valero Energy in the 1st quarter worth about $44,000. 78.69% of the stock is currently 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.

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