Valero Energy (NYSE:VLO) Price Target Cut to $160.00 by Analysts at Wells Fargo & Company

Valero Energy (NYSE:VLO) had its price target reduced by analysts at Wells Fargo & Company from $165.00 to $160.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the oil and gas company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 20.90% from the company’s current price.

VLO has been the subject of several other research reports. BMO Capital Markets lowered their target price on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Scotiabank lowered their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Citigroup cut their target price on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. TD Cowen lowered their price target on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, The Goldman Sachs Group cut 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and a consensus price target of $155.50.

Valero Energy Stock Down 1.6 %

VLO stock opened at $132.34 on Monday. Valero Energy has a one year low of $120.21 and a one year high of $184.79. The firm has a market cap of $41.90 billion, a PE ratio of 11.87, a PEG ratio of 2.47 and a beta of 1.40. The firm’s 50 day moving average price is $136.97 and its 200-day moving average price is $144.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS 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 the consensus estimate of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The company’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.49 earnings per share. On average, equities research analysts anticipate that Valero Energy will post 8.89 EPS for the current year.

Hedge Funds Weigh In On Valero Energy

Several large investors have recently bought and sold shares of VLO. EdgeRock Capital LLC purchased a new position in Valero Energy in the second quarter valued at approximately $27,000. Peterson Financial Group Inc. acquired a new position in shares of Valero Energy in the 3rd quarter valued at $28,000. Summit Securities Group LLC purchased a new position in shares of Valero Energy in the 2nd quarter valued at $31,000. Compagnie Lombard Odier SCmA acquired a new stake in Valero Energy during the 3rd quarter worth $34,000. Finally, True Wealth Design LLC lifted its position in Valero Energy by 196.8% in the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

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.