Valero Energy (NYSE:VLO) Price Target Cut to $146.00

Valero Energy (NYSE:VLO) had its price objective dropped by analysts at Barclays from $165.00 to $146.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s price objective indicates a potential upside of 1.39% from the company’s current price.

A number of other research analysts have also recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wolfe Research started coverage on shares of Valero Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price objective on the stock. Mizuho dropped their target price on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a report on Monday, September 16th. The Goldman Sachs Group decreased their price target on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research note on Monday, September 16th. Finally, Scotiabank boosted their price objective on Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.21.

Valero Energy Price Performance

Shares of VLO stock opened at $144.00 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. The company has a market capitalization of $47.09 billion, a PE ratio of 7.13, a price-to-earnings-growth ratio of 3.31 and a beta of 1.40. The firm’s 50-day moving average is $143.01 and its two-hundred day moving average is $154.05. Valero Energy has a 12 month low of $119.88 and a 12 month high of $184.79.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.11. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The company had revenue of $34.49 billion during the quarter, compared to analyst estimates of $32.97 billion. During the same period in the prior year, the business posted $5.40 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts predict that Valero Energy will post 10.26 earnings per share for the current year.

Institutional Investors Weigh In On Valero Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. J. W. Coons Advisors LLC raised its stake in Valero Energy by 0.8% in the fourth quarter. J. W. Coons Advisors LLC now owns 29,257 shares of the oil and gas company’s stock valued at $3,803,000 after buying an additional 236 shares in the last quarter. NEOS Investment Management LLC increased its holdings in shares of Valero Energy by 29.0% in the 4th quarter. NEOS Investment Management LLC now owns 4,828 shares of the oil and gas company’s stock valued at $628,000 after acquiring an additional 1,086 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Valero Energy by 62.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 13,586 shares of the oil and gas company’s stock worth $1,766,000 after acquiring an additional 5,209 shares in the last quarter. Lake Street Advisors Group LLC acquired a new position in Valero Energy in the fourth quarter valued at approximately $318,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Valero Energy by 31.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 34,243 shares of the oil and gas company’s stock valued at $4,452,000 after purchasing an additional 8,289 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

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.