Valero Energy (NYSE:VLO) PT Lowered to $176.00

Valero Energy (NYSE:VLO) had its target price cut by Citigroup from $192.00 to $176.00 in a research report report published on Friday morning, Benzinga reports. They currently have a buy rating on the oil and gas company’s stock.

Other analysts have also issued reports about the stock. Wolfe Research started coverage on shares of Valero Energy in a research report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $172.00 to $165.00 in a research report on Wednesday, October 9th. BMO Capital Markets lowered their price objective on Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Finally, Mizuho reduced their target price on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.53.

Valero Energy Trading Up 0.8 %

Valero Energy stock opened at $132.40 on Friday. Valero Energy has a 52 week low of $119.88 and a 52 week high of $184.79. 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 firm has a market capitalization of $43.29 billion, a PE ratio of 6.56, a PEG ratio of 3.53 and a beta of 1.39. The business’s 50-day simple moving average is $138.20 and its 200-day simple moving average is $149.77.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The company had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The company’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period in the previous year, the company earned $7.49 earnings per share. Equities research analysts forecast that Valero Energy will post 9.6 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VLO. EdgeRock Capital LLC acquired a new position in Valero Energy in the second quarter worth $27,000. Lynx Investment Advisory acquired a new position in Valero Energy during the 2nd quarter worth about $29,000. Pathway Financial Advisers LLC acquired a new stake in Valero Energy in the 1st quarter valued at about $33,000. Summit Securities Group LLC bought a new position in shares of Valero Energy in the second quarter worth about $31,000. Finally, First Foundation Advisors bought a new position in shares of Valero Energy in the first quarter worth about $37,000. 78.69% of the stock is owned by institutional investors and hedge funds.

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.