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

Valero Energy (NYSE:VLO) had its price target cut by research analysts at Mizuho from $165.00 to $158.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the oil and gas company’s stock. Mizuho’s price target would suggest a potential upside of 26.19% from the company’s current price.

Several other research firms have also recently weighed in on VLO. BMO Capital Markets reduced their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Wells Fargo & Company decreased their price target on shares of Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. The Goldman Sachs Group cut their price target on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday, September 16th. Piper Sandler downgraded Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $169.00 to $123.00 in a report on Friday, September 20th. Finally, Barclays cut their target price on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $154.57.

Valero Energy Trading Up 1.0 %

Shares of Valero Energy stock opened at $125.21 on Wednesday. The firm’s 50 day moving average is $131.01 and its 200 day moving average is $139.26. The firm has a market capitalization of $39.64 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 2.43 and a beta of 1.42. Valero Energy has a 1 year low of $116.84 and a 1 year high of $184.79. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The company had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. During the same period in the prior year, the business earned $7.49 earnings per share. The company’s revenue for the quarter was down 14.4% compared to the same quarter last year. Equities research analysts forecast that Valero Energy will post 8.86 earnings per share for the current fiscal year.

Institutional Trading of Valero Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ballentine Partners LLC increased its holdings in shares of Valero Energy by 5.8% during the second quarter. Ballentine Partners LLC now owns 2,213 shares of the oil and gas company’s stock valued at $347,000 after acquiring an additional 122 shares in the last quarter. Choreo LLC increased its stake in Valero Energy by 120.9% during the 2nd quarter. Choreo LLC now owns 12,625 shares of the oil and gas company’s stock valued at $1,994,000 after purchasing an additional 6,911 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Valero Energy by 0.7% during the second quarter. Daiwa Securities Group Inc. now owns 35,879 shares of the oil and gas company’s stock worth $5,624,000 after buying an additional 244 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Valero Energy by 2.7% in the second quarter. Coldstream Capital Management Inc. now owns 7,372 shares of the oil and gas company’s stock valued at $1,156,000 after buying an additional 192 shares in the last quarter. Finally, Angeles Wealth Management LLC grew its holdings in shares of Valero Energy by 18.7% during the second quarter. Angeles Wealth Management LLC now owns 1,709 shares of the oil and gas company’s stock valued at $268,000 after buying an additional 269 shares during the last quarter. 78.69% of the stock is owned by 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.