Valero Energy (NYSE:VLO) PT Lowered to $173.00

Valero Energy (NYSE:VLO) had its price target reduced by equities research analysts at Barclays from $179.00 to $173.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s target price points to a potential upside of 7.00% from the stock’s previous close.

Several other analysts have also recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Scotiabank boosted their price objective on shares of Valero Energy from $138.00 to $165.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Raymond James upped their price target on shares of Valero Energy from $154.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Friday, January 26th. Mizuho lowered Valero Energy from a “buy” rating to a “neutral” rating and boosted their target price for the company from $150.00 to $173.00 in a research note on Friday, March 22nd. Finally, TD Cowen cut their target price on shares of Valero Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $174.40.

Valero Energy Price Performance

Shares of NYSE:VLO traded down $5.83 during trading on Tuesday, hitting $161.68. 636,558 shares of the company were exchanged, compared to its average volume of 3,242,857. The company has a market capitalization of $53.76 billion, a P/E ratio of 8.09, a price-to-earnings-growth ratio of 1.50 and a beta of 1.54. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $161.63 and its 200-day moving average is $141.05. Valero Energy has a 1-year low of $104.18 and a 1-year high of $184.79.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.64. The company had revenue of $31.76 billion for the quarter, compared to analysts’ expectations of $32.02 billion. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. Valero Energy’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period last year, the business earned $8.27 EPS. Equities analysts forecast that Valero Energy will post 18.37 earnings per share for the current year.

Institutional Trading of Valero Energy

Large investors have recently made changes to their positions in the business. Cutter & CO Brokerage Inc. boosted its position in shares of Valero Energy by 2.4% during the fourth quarter. Cutter & CO Brokerage Inc. now owns 4,981 shares of the oil and gas company’s stock valued at $648,000 after buying an additional 116 shares during the period. Deutsche Bank AG lifted its holdings in shares of Valero Energy by 5.8% in the 3rd quarter. Deutsche Bank AG now owns 1,005,346 shares of the oil and gas company’s stock worth $142,468,000 after buying an additional 55,351 shares during the period. Stiles Financial Services Inc increased its holdings in Valero Energy by 49.7% during the fourth quarter. Stiles Financial Services Inc now owns 7,615 shares of the oil and gas company’s stock valued at $991,000 after buying an additional 2,529 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Valero Energy by 14.0% in the 4th quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock valued at $362,569,000 after buying an additional 342,218 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Valero Energy by 3.0% in the fourth quarter. Nordea Investment Management AB now owns 645,726 shares of the oil and gas company’s stock valued at $83,867,000 after buying an additional 18,575 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

About Valero Energy

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.