Valero Energy (NYSE:VLO) Stock Gets Price Target Increase from Mizuho

Valero Energy (NYSE:VLO) had its target price increased by research analysts at Mizuho from $434.00 to $436.00 in a report released on Monday. The firm presently has a “neutral” rating on the oil and gas company’s stock. Mizuho‘s price target suggests a potential upside of 19.93% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Piper Sandler boosted their price objective on Valero Energy from $329.00 to $435.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. TD Cowen lifted their price target on shares of Valero Energy from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Thursday, October 22nd. Zacks Research upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Morgan Stanley increased their price objective on Valero Energy from $411.00 to $420.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Barclays raised their target price on Valero Energy from $441.00 to $443.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and an average target price of $406.32.

Valero Energy Price Performance

NYSE VLO traded down $1.81 during mid-day trading on Monday, hitting $363.53. The stock had a trading volume of 2,069,382 shares, compared to its average volume of 3,308,737. The firm’s 50 day moving average is $399.58 and its 200 day moving average is $287.97. Valero Energy has a twelve month low of $159.90 and a twelve month high of $461.52. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.72 and a quick ratio of 1.33. The stock has a market capitalization of $104.67 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 0.20 and a beta of 0.58.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share for the quarter, topping analysts’ consensus estimates of $21.17 by $2.73. The business had revenue of $46.10 billion for the quarter, compared to analyst estimates of $42.71 billion. Valero Energy had a net margin of 8.44% and a return on equity of 45.90%. The business’s revenue was up 43.3% on a year-over-year basis. During the same period last year, the company posted $3.66 EPS. Equities research analysts forecast that Valero Energy will post 57.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Valero Energy

A number of hedge funds have recently made changes to their positions in VLO. Bank of America Corp DE lifted its stake in Valero Energy by 11.4% in the 1st quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock valued at $1,243,630,000 after buying an additional 516,975 shares in the last quarter. Bank of New York Mellon Corp increased its position in Valero Energy by 9.4% during the first quarter. Bank of New York Mellon Corp now owns 2,969,320 shares of the oil and gas company’s stock worth $733,660,000 after buying an additional 254,604 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Valero Energy by 18.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,842,339 shares of the oil and gas company’s stock worth $702,285,000 after buying an additional 442,177 shares in the last quarter. Amundi raised its holdings in shares of Valero Energy by 45.3% in the first quarter. Amundi now owns 2,584,976 shares of the oil and gas company’s stock worth $638,695,000 after acquiring an additional 806,018 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Valero Energy by 33.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,058,341 shares of the oil and gas company’s stock worth $536,074,000 after acquiring an additional 520,642 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Company Profile

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.