Valero Energy (NYSE:VLO) PT Raised to $190.00

Valero Energy (NYSE:VLO) had its price objective raised by research analysts at TD Cowen from $175.00 to $190.00 in a report released on Monday, MarketBeat reports. The firm presently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s target price points to a potential upside of 7.80% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. Mizuho cut Valero Energy from a “buy” rating to a “neutral” rating and upped their price target for the stock from $150.00 to $173.00 in a research note on Friday, March 22nd. Barclays upped their price target on Valero Energy from $149.00 to $179.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Wells Fargo & Company upped their price target on Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. The Goldman Sachs Group upped their price target on Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. Finally, Raymond James increased their target price on Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $172.93.

Valero Energy Price Performance

Shares of Valero Energy stock opened at $176.26 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.35. The company has a market cap of $58.60 billion, a PE ratio of 7.13, a P/E/G ratio of 1.78 and a beta of 1.54. The business has a 50 day moving average of $153.73 and a 200 day moving average of $137.73. Valero Energy has a 52 week low of $104.18 and a 52 week high of $184.79.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.60. The company had revenue of $35.41 billion for the quarter, compared to analysts’ expectations of $34.76 billion. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The firm’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same period in the prior year, the firm earned $8.45 earnings per share. As a group, equities research analysts forecast that Valero Energy will post 17.14 earnings per share for the current year.

Institutional Investors Weigh In On Valero Energy

Several institutional investors have recently modified their holdings of the business. Collective Family Office LLC boosted its position in shares of Valero Energy by 1.5% during the first quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock valued at $690,000 after buying an additional 58 shares during the last quarter. Versant Capital Management Inc boosted its position in Valero Energy by 4.7% in the first quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock worth $227,000 after purchasing an additional 59 shares during the last quarter. United Community Bank boosted its position in Valero Energy by 2.2% in the fourth quarter. United Community Bank now owns 3,416 shares of the oil and gas company’s stock worth $444,000 after purchasing an additional 75 shares during the last quarter. Marino Stram & Associates LLC boosted its position in Valero Energy by 0.9% in the fourth quarter. Marino Stram & Associates LLC now owns 8,384 shares of the oil and gas company’s stock worth $1,090,000 after purchasing an additional 77 shares during the last quarter. Finally, Montag A & Associates Inc. boosted its position in Valero Energy by 0.9% in the fourth quarter. Montag A & Associates Inc. now owns 8,899 shares of the oil and gas company’s stock worth $1,157,000 after purchasing an additional 78 shares during the last quarter. 78.69% of the stock is owned by hedge funds and other 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.