Valero Energy (NYSE:VLO) Now Covered by Analysts at Bank of America

Bank of America assumed coverage on shares of Valero Energy (NYSE:VLO) in a research report report published on Thursday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $150.00 price target on the oil and gas company’s stock.

A number of other analysts have also recently weighed in on VLO. Scotiabank reduced their price target on 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. StockNews.com downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. reduced their price objective on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Wells Fargo & Company upgraded shares of Valero Energy from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $172.00 to $165.00 in a report on Wednesday, October 9th. Finally, Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.60.

Valero Energy Trading Up 0.3 %

Shares of NYSE VLO opened at $137.04 on Thursday. The stock has a market cap of $43.90 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 3.53 and a beta of 1.39. The business has a 50 day simple moving average of $139.77 and a 200 day simple moving average of $151.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. Valero Energy has a 52 week low of $119.88 and a 52 week high of $184.79.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.60 by $0.11. The company had revenue of $34.49 billion during the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.40 earnings per share. On average, research analysts predict that Valero Energy will post 9.6 earnings per share for the current fiscal year.

Institutional Trading of Valero Energy

A number of hedge funds have recently modified their holdings of VLO. Allspring Global Investments Holdings LLC lifted its position in Valero Energy by 1.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,293,589 shares of the oil and gas company’s stock worth $174,673,000 after purchasing an additional 22,571 shares during the period. Buckley Wealth Management LLC raised its stake in shares of Valero Energy by 5.1% in the 3rd quarter. Buckley Wealth Management LLC now owns 7,235 shares of the oil and gas company’s stock valued at $977,000 after buying an additional 350 shares in the last quarter. DMC Group LLC bought a new position in shares of Valero Energy during the 3rd quarter worth about $544,000. Means Investment CO. Inc. boosted its position in shares of Valero Energy by 5.5% during the 3rd quarter. Means Investment CO. Inc. now owns 3,415 shares of the oil and gas company’s stock valued at $461,000 after acquiring an additional 178 shares in the last quarter. Finally, New Century Financial Group LLC increased its stake in Valero Energy by 5.0% in the third quarter. New Century Financial Group LLC now owns 1,708 shares of the oil and gas company’s stock valued at $231,000 after acquiring an additional 81 shares during the period. Institutional investors own 78.69% of the company’s stock.

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.