Barclays Has Lowered Expectations for Valero Energy (NYSE:VLO) Stock Price

Valero Energy (NYSE:VLO) had its price objective lowered by investment analysts at Barclays from $146.00 to $140.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s price objective indicates a potential upside of 2.17% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Mizuho cut their price objective on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Scotiabank reduced their price objective on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. The Goldman Sachs Group decreased their price objective on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday, September 16th. BMO Capital Markets dropped their target price on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Finally, Citigroup decreased their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.86.

Valero Energy Stock Down 0.7 %

VLO opened at $137.02 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $135.71 and its 200 day simple moving average is $147.00. Valero Energy has a 52 week low of $120.21 and a 52 week high of $184.79. The stock has a market cap of $43.38 billion, a PE ratio of 12.38, a P/E/G ratio of 2.47 and a beta of 1.39.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. The company had revenue of $32.88 billion for the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. Valero Energy’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period last year, the firm posted $7.49 EPS. As a group, research analysts expect that Valero Energy will post 9.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Valero Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VLO. Charles Schwab Investment Management Inc. boosted its holdings in shares of Valero Energy by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock valued at $1,389,090,000 after buying an additional 50,837 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Valero Energy by 2.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock valued at $1,090,532,000 after acquiring an additional 192,397 shares during the period. Dimensional Fund Advisors LP boosted its stake in Valero Energy by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock worth $677,007,000 after acquiring an additional 237,347 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Valero Energy by 18.8% during the third quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock valued at $484,105,000 after purchasing an additional 567,059 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings 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 valued at $440,394,000 after purchasing an additional 82,539 shares during the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Company Profile

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.