Valero Energy (NYSE:VLO) had its target price decreased by Citigroup from $134.00 to $132.00 in a report released on Tuesday morning. Citigroup currently has a buy rating on the oil and gas company’s stock.

VLO has been the subject of a number of other research reports. Standpoint Research upgraded shares of Valero Energy from a hold rating to a buy rating in a research report on Friday, October 12th. Morgan Stanley set a $145.00 target price on shares of Valero Energy and gave the stock a buy rating in a research report on Friday, October 12th. Tudor Pickering downgraded shares of Valero Energy from a buy rating to a hold rating in a research report on Thursday, October 11th. ValuEngine downgraded shares of Valero Energy from a buy rating to a hold rating in a research report on Tuesday, September 4th. Finally, Mizuho began coverage on shares of Valero Energy in a research report on Wednesday, August 1st. They issued a neutral rating and a $125.00 target price for the company. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $116.18.

Valero Energy stock opened at $92.76 on Tuesday. Valero Energy has a 52 week low of $75.84 and a 52 week high of $126.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.67 and a quick ratio of 1.10. The company has a market capitalization of $44.34 billion, a P/E ratio of 18.70, a PEG ratio of 1.78 and a beta of 1.03.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 26th. The oil and gas company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.17. Valero Energy had a net margin of 4.21% and a return on equity of 12.06%. The firm had revenue of $31.02 billion during the quarter, compared to analyst estimates of $26.56 billion. During the same quarter last year, the business posted $1.23 EPS. The company’s revenue was up 39.4% on a year-over-year basis. Equities analysts forecast that Valero Energy will post 6.48 EPS for the current year.

In other news, Director Stephen M. Waters sold 1,000 shares of the firm’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $116.76, for a total transaction of $116,760.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.45% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in VLO. Financial Gravity Wealth Inc. bought a new position in shares of Valero Energy during the 1st quarter valued at $408,000. United Capital Financial Advisers LLC raised its holdings in shares of Valero Energy by 2.3% during the 1st quarter. United Capital Financial Advisers LLC now owns 20,326 shares of the oil and gas company’s stock valued at $1,886,000 after purchasing an additional 458 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Valero Energy by 30.4% during the 1st quarter. Point72 Asset Management L.P. now owns 72,000 shares of the oil and gas company’s stock valued at $6,679,000 after purchasing an additional 16,800 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Valero Energy by 77.7% during the 1st quarter. Millennium Management LLC now owns 300,447 shares of the oil and gas company’s stock valued at $27,872,000 after purchasing an additional 131,325 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new position in shares of Valero Energy during the 1st quarter valued at $1,165,000. Institutional investors and hedge funds own 78.31% of the company’s stock.

Valero Energy Company Profile

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.

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Analyst Recommendations for Valero Energy (NYSE:VLO)

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