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

Valero Energy (NYSE:VLO) had its target price lowered by stock analysts at Mizuho from $171.00 to $165.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the oil and gas company’s stock. Mizuho’s price objective indicates a potential upside of 32.12% from the company’s current price.

VLO has been the topic of a number of other research reports. Bank of America initiated coverage on Valero Energy in a research note on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target on the stock. Citigroup decreased their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $169.00 to $123.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. dropped their price target on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Finally, Barclays decreased their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have assigned 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 currently has a consensus rating of “Moderate Buy” and an average price target of $155.07.

Valero Energy Stock Down 0.1 %

VLO opened at $124.89 on Monday. The firm has a market cap of $39.54 billion, a P/E ratio of 11.20, a PEG ratio of 2.43 and a beta of 1.39. The business’s fifty day simple moving average is $135.66 and its 200 day simple moving average is $142.78. Valero Energy has a 52 week low of $122.91 and a 52 week high of $184.79. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

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 business had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. 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 firm posted $7.49 earnings per share. As a group, equities research analysts anticipate that Valero Energy will post 8.86 EPS for the current fiscal year.

Institutional Trading of Valero Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. International Private Wealth Advisors LLC boosted its holdings in Valero Energy by 3.4% in the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock worth $309,000 after purchasing an additional 65 shares during the period. OmniStar Financial Group Inc. lifted its holdings in Valero Energy by 1.6% in the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after acquiring an additional 70 shares during the last quarter. Everhart Financial Group Inc. boosted its stake in Valero Energy by 5.5% in the second quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $214,000 after acquiring an additional 71 shares during the period. St. Johns Investment Management Company LLC lifted its holdings in shares of Valero Energy by 1.4% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock worth $794,000 after purchasing an additional 72 shares during the last quarter. Finally, Magnus Financial Group LLC grew its stake in Valero Energy by 4.3% during the 2nd quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock worth $275,000 after buying an additional 73 shares during the last quarter. 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.