Valero Energy (NYSE:VLO) PT Lowered to $151.00

Valero Energy (NYSE:VLO) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from $172.00 to $151.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the oil and gas company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 4.86% from the stock’s previous close.

VLO has been the topic of several other research reports. The Goldman Sachs Group lowered 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. Mizuho dropped their target price on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Wolfe Research assumed coverage on Valero Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $177.00 price target on the stock. Wells Fargo & Company boosted their price objective on Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 3rd. Finally, StockNews.com cut Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.21.

Valero Energy Trading Up 6.1 %

Shares of VLO stock opened at $144.00 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. The company has a market cap of $47.09 billion, a price-to-earnings ratio of 7.13, a PEG ratio of 3.31 and a beta of 1.40. Valero Energy has a 1 year low of $119.88 and a 1 year high of $184.79. The firm has a fifty day moving average price of $143.01 and a 200-day moving average price of $154.05.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.11. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The business had revenue of $34.49 billion during the quarter, compared to analyst estimates of $32.97 billion. During the same quarter in the previous year, the company posted $5.40 earnings per share. Valero Energy’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts predict that Valero Energy will post 10.26 earnings per share for the current year.

Institutional Trading of Valero Energy

A number of large investors have recently made changes to their positions in the business. J. W. Coons Advisors LLC raised its position in Valero Energy by 0.8% during the fourth quarter. J. W. Coons Advisors LLC now owns 29,257 shares of the oil and gas company’s stock valued at $3,803,000 after purchasing an additional 236 shares during the period. NEOS Investment Management LLC raised its holdings in Valero Energy by 29.0% during the 4th quarter. NEOS Investment Management LLC now owns 4,828 shares of the oil and gas company’s stock valued at $628,000 after buying an additional 1,086 shares during the period. CIBC Private Wealth Group LLC lifted its position in Valero Energy by 62.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 13,586 shares of the oil and gas company’s stock worth $1,766,000 after buying an additional 5,209 shares during the last quarter. Lake Street Advisors Group LLC purchased a new position in Valero Energy during the fourth quarter worth $318,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Valero Energy by 31.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 34,243 shares of the oil and gas company’s stock valued at $4,452,000 after acquiring an additional 8,289 shares during the period. 78.69% of the stock is currently 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.