Valero Energy (NYSE:VLO - Get Free Report) had its target price dropped by equities researchers at Citigroup from $192.00 to $176.00 in a report released on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the oil and gas company's stock. Citigroup's target price suggests a potential upside of 32.93% from the company's current price.
Several other research analysts have also weighed in on the stock. Wolfe Research started coverage on shares of Valero Energy in a research note on Thursday, July 18th. They set an "outperform" rating and a $177.00 target price for the company. Scotiabank cut their price objective on Valero Energy from $173.00 to $141.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. BMO Capital Markets reduced their target price on shares of Valero Energy from $175.00 to $165.00 and set an "outperform" rating on the stock in a report on Friday, October 4th. Barclays lowered their price target on shares of Valero Energy from $165.00 to $146.00 and set an "overweight" rating for the company in a report on Wednesday, October 2nd. Finally, StockNews.com lowered shares of Valero Energy from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Valero Energy currently has an average rating of "Moderate Buy" and an average price target of $154.53.
Check Out Our Latest Stock Report on Valero Energy
Valero Energy Trading Up 0.8 %
Shares of NYSE VLO traded up $1.04 during trading on Friday, hitting $132.40. 2,145,346 shares of the company were exchanged, compared to its average volume of 2,985,784. The company has a fifty day moving average price of $138.55 and a 200-day moving average price of $150.47. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. The firm has a market capitalization of $42.42 billion, a PE ratio of 7.57, a P/E/G ratio of 3.53 and a beta of 1.39. Valero Energy has a 12-month low of $119.88 and a 12-month high of $184.79.
Valero Energy (NYSE:VLO - Get Free Report) last issued its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.16. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The company had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. During the same period in the previous year, the firm earned $7.49 earnings per share. Valero Energy's quarterly revenue was down 14.4% compared to the same quarter last year. As a group, equities research analysts expect that Valero Energy will post 9.6 EPS for the current year.
Institutional Trading of Valero Energy
A number of hedge funds have recently added to or reduced their stakes in VLO. Ameriprise Financial Inc. raised its stake in shares of Valero Energy by 2.8% during the second quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company's stock worth $1,090,532,000 after purchasing an additional 192,397 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Valero Energy by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company's stock valued at $677,007,000 after acquiring an additional 237,347 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Valero Energy by 1.9% in the second quarter. Pacer Advisors Inc. now owns 3,018,107 shares of the oil and gas company's stock valued at $473,118,000 after acquiring an additional 56,989 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Valero Energy by 3.0% during the second quarter. Legal & General Group Plc now owns 2,809,355 shares of the oil and gas company's stock worth $440,394,000 after acquiring an additional 82,539 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Valero Energy by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,063,923 shares of the oil and gas company's stock worth $352,292,000 after purchasing an additional 65,632 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.
About Valero Energy
(
Get Free Report)
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.
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