Valero Energy (NYSE:VLO) had its target price upped by Morgan Stanley from $100.00 to $110.00 in a report released on Monday morning. The brokerage currently has an equal weight rating on the oil and gas company’s stock.

A number of other analysts have also weighed in on the company. ValuEngine raised Valero Energy from a hold rating to a buy rating in a research note on Sunday, December 31st. Credit Suisse Group started coverage on Valero Energy in a research note on Wednesday, January 3rd. They set a neutral rating and a $91.00 price objective for the company. Scotiabank reissued a buy rating and set a $93.00 price objective on shares of Valero Energy in a research note on Friday, December 22nd. Bank of America raised their price target on Valero Energy from $102.00 to $105.00 and gave the stock a buy rating in a research note on Wednesday, January 24th. Finally, Citigroup raised Valero Energy from a neutral rating to a buy rating and set a $114.00 price target for the company in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $95.94.

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NYSE:VLO opened at $105.49 on Monday. The company has a market cap of $44,110.31, a PE ratio of 21.27, a P/E/G ratio of 1.16 and a beta of 1.01. Valero Energy has a fifty-two week low of $60.69 and a fifty-two week high of $106.35. The company has a quick ratio of 1.17, a current ratio of 1.74 and a debt-to-equity ratio of 0.38.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. The firm had revenue of $26.39 billion during the quarter, compared to analyst estimates of $23.02 billion. Valero Energy had a return on equity of 10.30% and a net margin of 4.33%. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 earnings per share. sell-side analysts anticipate that Valero Energy will post 7.13 earnings per share for the current year.

Valero Energy declared that its Board of Directors has approved a stock repurchase plan on Tuesday, January 23rd that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the oil and gas company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

A number of institutional investors have recently made changes to their positions in VLO. Amundi Pioneer Asset Management Inc. purchased a new position in Valero Energy during the fourth quarter valued at $302,721,000. Bank of New York Mellon Corp lifted its position in Valero Energy by 5.8% during the fourth quarter. Bank of New York Mellon Corp now owns 11,932,482 shares of the oil and gas company’s stock valued at $1,096,715,000 after buying an additional 658,940 shares during the period. Wells Fargo & Company MN lifted its position in Valero Energy by 20.3% during the fourth quarter. Wells Fargo & Company MN now owns 2,930,471 shares of the oil and gas company’s stock valued at $269,338,000 after buying an additional 494,511 shares during the period. Bank of Montreal Can lifted its position in Valero Energy by 17.4% during the fourth quarter. Bank of Montreal Can now owns 3,200,849 shares of the oil and gas company’s stock valued at $294,188,000 after buying an additional 475,381 shares during the period. Finally, Prudential Financial Inc. lifted its position in Valero Energy by 14.5% during the third quarter. Prudential Financial Inc. now owns 3,251,977 shares of the oil and gas company’s stock valued at $250,174,000 after buying an additional 411,630 shares during the period. 80.90% of the stock is owned by institutional investors and hedge funds.

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About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

Analyst Recommendations for Valero Energy (NYSE:VLO)

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