Valero Energy (NYSE:VLO) PT Lowered to $171.00 at Mizuho

Valero Energy (NYSE:VLO) had its target price cut by research analysts at Mizuho from $175.00 to $171.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the oil and gas company’s stock. Mizuho’s price objective points to a potential upside of 25.87% from the company’s previous close.

Several other analysts have also recently commented on the stock. Piper Sandler decreased their price target on shares of Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Scotiabank boosted their price target on shares of Valero Energy from $165.00 to $173.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. decreased their price target on shares of Valero Energy from $178.00 to $172.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. Barclays decreased their target price on shares of Valero Energy from $171.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Finally, Wolfe Research assumed coverage on shares of Valero Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $177.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $171.36.

Valero Energy Trading Up 1.6 %

Shares of Valero Energy stock opened at $135.85 on Monday. The company has a market capitalization of $44.42 billion, a P/E ratio of 6.73, a P/E/G ratio of 2.73 and a beta of 1.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. The company has a fifty day moving average of $146.01 and a 200 day moving average of $155.37. Valero Energy has a fifty-two week low of $119.88 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.60 by $0.11. The business had revenue of $34.49 billion for the quarter, compared to analysts’ expectations of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.40 EPS. On average, sell-side analysts anticipate that Valero Energy will post 12.3 earnings per share for the current fiscal year.

Institutional Trading of Valero Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Heritage Wealth Management Inc. bought a new position in Valero Energy in the 2nd quarter worth about $3,062,000. Sanctuary Advisors LLC bought a new position in Valero Energy in the 2nd quarter worth about $20,826,000. Clearbridge Investments LLC bought a new position in Valero Energy in the 2nd quarter worth about $763,000. New Century Financial Group LLC bought a new position in Valero Energy in the 2nd quarter worth about $255,000. Finally, Cetera Investment Advisers grew its stake in Valero Energy by 4.8% in the 2nd quarter. Cetera Investment Advisers now owns 116,120 shares of the oil and gas company’s stock worth $18,203,000 after acquiring an additional 5,295 shares in 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.