Valero Energy (NYSE:VLO - Get Free Report) had its price target lowered by research analysts at Raymond James from $165.00 to $155.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "strong-buy" rating on the oil and gas company's stock. Raymond James' target price points to a potential upside of 41.94% from the stock's previous close.
A number of other brokerages have also recently weighed in on VLO. Wells Fargo & Company dropped their price target on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Piper Sandler lowered their price target on Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Finally, Mizuho cut their price objective on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.46.
View Our Latest Analysis on VLO
Valero Energy Trading Down 1.4 %
Shares of NYSE VLO traded down $1.50 during midday trading on Wednesday, reaching $109.20. 1,287,399 shares of the stock were exchanged, compared to its average volume of 2,972,350. The stock has a market capitalization of $34.40 billion, a P/E ratio of 12.88, a PEG ratio of 2.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The company has a 50 day simple moving average of $127.99 and a 200 day simple moving average of $131.70. Valero Energy has a twelve month low of $99.00 and a twelve month high of $174.94.
Valero Energy (NYSE:VLO - Get Free Report) last posted its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. As a group, equities analysts expect that Valero Energy will post 7.92 earnings per share for the current year.
Institutional Trading of Valero Energy
A number of hedge funds and other institutional investors have recently bought and sold shares of VLO. Tilia Fiduciary Partners Inc. lifted its stake in Valero Energy by 7.4% during the first quarter. Tilia Fiduciary Partners Inc. now owns 16,707 shares of the oil and gas company's stock worth $2,207,000 after purchasing an additional 1,154 shares during the last quarter. Park Avenue Securities LLC raised its holdings in Valero Energy by 18.2% during the first quarter. Park Avenue Securities LLC now owns 16,220 shares of the oil and gas company's stock worth $2,142,000 after purchasing an additional 2,502 shares in the last quarter. Orrstown Financial Services Inc. purchased a new stake in shares of Valero Energy during the 1st quarter worth approximately $224,000. Sivia Capital Partners LLC acquired a new position in shares of Valero Energy in the 1st quarter valued at $225,000. Finally, Gateway Investment Advisers LLC grew its position in shares of Valero Energy by 27.7% in the 1st quarter. Gateway Investment Advisers LLC now owns 17,640 shares of the oil and gas company's stock valued at $2,330,000 after buying an additional 3,825 shares during the last quarter. 78.69% of the stock is currently 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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