Valero Energy (NYSE:VLO) PT Raised to $198.00 at Piper Sandler

Valero Energy (NYSE:VLOGet Free Report) had its target price hoisted by equities research analysts at Piper Sandler from $161.00 to $198.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the oil and gas company’s stock. Piper Sandler’s price target would suggest a potential upside of 9.44% from the stock’s current price.

Several other analysts also recently weighed in on VLO. UBS Group lifted their price objective on shares of Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, March 26th. Wells Fargo & Company lifted their price objective on shares of Valero Energy from $138.00 to $171.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 20th. JPMorgan Chase & Co. lifted their price objective on shares of Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a research report on Monday. Barclays lifted their price objective on shares of Valero Energy from $149.00 to $179.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their price target on shares of Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.62.

Check Out Our Latest Stock Analysis on VLO

Valero Energy Stock Up 2.1 %

VLO stock traded up $3.70 during mid-day trading on Wednesday, hitting $180.92. 1,520,043 shares of the company were exchanged, compared to its average volume of 3,430,268. Valero Energy has a twelve month low of $104.18 and a twelve month high of $181.38. The firm has a fifty day simple moving average of $149.35 and a 200 day simple moving average of $136.47. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $60.15 billion, a PE ratio of 7.31, a price-to-earnings-growth ratio of 1.78 and a beta of 1.54.

Valero Energy (NYSE:VLOGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, beating the consensus estimate of $2.95 by $0.60. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The business had revenue of $35.41 billion during the quarter, compared to analyst estimates of $34.76 billion. During the same period in the previous year, the business posted $8.45 EPS. The company’s quarterly revenue was down 15.2% on a year-over-year basis. On average, research analysts forecast that Valero Energy will post 16.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VLO. BKM Wealth Management LLC purchased a new position in shares of Valero Energy in the fourth quarter worth approximately $26,000. Live Oak Investment Partners purchased a new position in shares of Valero Energy in the fourth quarter worth approximately $26,000. Indiana Trust & Investment Management CO purchased a new position in shares of Valero Energy in the third quarter worth approximately $28,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Valero Energy in the third quarter worth approximately $28,000. Finally, Quarry LP grew its position in Valero Energy by 1,676.9% during the first quarter. Quarry LP now owns 231 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 218 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Valero Energy (NYSE:VLO)

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