Valero Energy (NYSE:VLO – Get Rating) had its price target raised by stock analysts at Mizuho from $170.00 to $174.00 in a report issued on Tuesday, The Fly reports. Mizuho’s price target would indicate a potential upside of 28.79% from the company’s previous close.
A number of other equities analysts have also recently issued reports on VLO. JPMorgan Chase & Co. raised their price objective on shares of Valero Energy from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, March 28th. BMO Capital Markets upgraded Valero Energy from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $135.00 to $160.00 in a report on Tuesday, January 17th. Piper Sandler reduced their target price on Valero Energy from $177.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, December 19th. UBS Group began coverage on shares of Valero Energy in a research note on Wednesday, March 8th. They set a “buy” rating and a $176.00 price objective on the stock. Finally, Raymond James lifted their price target on shares of Valero Energy from $169.00 to $174.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $153.94.
Valero Energy Stock Up 1.9 %
NYSE VLO opened at $135.10 on Tuesday. The stock has a market capitalization of $50.14 billion, a P/E ratio of 4.64, a price-to-earnings-growth ratio of 0.91 and a beta of 1.66. Valero Energy has a 52 week low of $96.71 and a 52 week high of $150.39. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.38. The stock has a fifty day moving average of $133.63 and a 200-day moving average of $129.00.
Valero Energy (NYSE:VLO – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The oil and gas company reported $8.45 EPS for the quarter, topping analysts’ consensus estimates of $7.45 by $1.00. Valero Energy had a return on equity of 50.15% and a net margin of 6.54%. The firm had revenue of $41.75 billion during the quarter, compared to analyst estimates of $43.31 billion. During the same period last year, the company earned $2.47 earnings per share. The company’s revenue was up 16.3% on a year-over-year basis. On average, equities research analysts forecast that Valero Energy will post 24.4 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in VLO. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Valero Energy by 1.2% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 6,301 shares of the oil and gas company’s stock valued at $799,000 after purchasing an additional 73 shares during the last quarter. Signaturefd LLC increased its position in shares of Valero Energy by 4.9% during the fourth quarter. Signaturefd LLC now owns 1,618 shares of the oil and gas company’s stock valued at $205,000 after acquiring an additional 75 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Valero Energy by 3.8% during the third quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the oil and gas company’s stock worth $227,000 after acquiring an additional 78 shares during the period. Dynamic Advisor Solutions LLC boosted its position in Valero Energy by 1.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 5,406 shares of the oil and gas company’s stock worth $686,000 after purchasing an additional 80 shares during the last quarter. Finally, OneAscent Wealth Management LLC increased its position in shares of Valero Energy by 2.7% during the 3rd quarter. OneAscent Wealth Management LLC now owns 3,318 shares of the oil and gas company’s stock valued at $355,000 after purchasing an additional 86 shares during the last quarter. 79.28% of the stock is owned by institutional investors and hedge funds.
Valero Energy Company Profile
Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. It operates through the following business segments: Refining, Ethanol and Renewable Diesel. The Refining segment consists of refining operations, associated marketing activities, and logistics assets that support its refining operations.