Valero Energy (NYSE:VLO - Get Free Report) had its target price boosted by analysts at Raymond James Financial from $155.00 to $172.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "strong-buy" rating on the oil and gas company's stock. Raymond James Financial's target price indicates a potential upside of 15.56% from the stock's current price.
Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. cut their target price on shares of Valero Energy from $152.00 to $147.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Scotiabank lowered their price objective on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Piper Sandler lifted their price objective on shares of Valero Energy from $142.00 to $160.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Evercore ISI assumed coverage on shares of Valero Energy in a report on Wednesday, June 18th. They set an "in-line" rating and a $135.00 price objective on the stock. Finally, Wolfe Research downgraded shares of Valero Energy from an "outperform" rating to a "peer perform" rating in a report on Monday. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $154.63.
Read Our Latest Report on Valero Energy
Valero Energy Stock Performance
NYSE VLO traded down $0.03 on Tuesday, hitting $148.84. 1,014,266 shares of the stock were exchanged, compared to its average volume of 3,078,516. The company has a market capitalization of $46.62 billion, a PE ratio of 52.57, a P/E/G ratio of 2.67 and a beta of 1.00. The business's fifty day moving average is $134.56 and its 200 day moving average is $129.51. Valero Energy has a 52 week low of $99.00 and a 52 week 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 announced its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the company earned $3.82 earnings per share. The company's quarterly revenue was down 4.7% on a year-over-year basis. Research analysts anticipate that Valero Energy will post 7.92 EPS for the current fiscal year.
Institutional Trading of Valero Energy
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hoey Investments Inc. purchased a new stake in Valero Energy in the 2nd quarter valued at $26,000. Wayfinding Financial LLC purchased a new stake in Valero Energy in the 1st quarter valued at $26,000. Hazlett Burt & Watson Inc. grew its holdings in 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 valued at $28,000 after buying an additional 130 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in Valero Energy in the 4th quarter valued at $29,000. Finally, Ransom Advisory Ltd purchased a new stake in Valero Energy in the 1st quarter valued at $43,000. 78.69% of the stock is owned by institutional investors and hedge funds.
Valero Energy Company Profile
(
Get Free Report)
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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