Valero Energy (NYSE:VLO) Given New $155.00 Price Target at Raymond James

Valero Energy (NYSE:VLO) had its price objective decreased by stock analysts at Raymond James from $165.00 to $155.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “strong-buy” rating on the oil and gas company’s stock. Raymond James’ price objective points to a potential upside of 51.26% from the stock’s previous close.

VLO has been the topic of a number of other research reports. Mizuho reduced their price target on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Piper Sandler dropped their target price on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $152.85.

Valero Energy Stock Performance

NYSE VLO traded down $2.71 on Wednesday, hitting $102.47. 698,362 shares of the company traded hands, compared to its average volume of 2,940,490. The business’s 50 day moving average price is $129.89 and its 200-day moving average price is $132.30. The company has a market capitalization of $32.28 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 2.93 and a beta of 1.17. 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 has a 52-week low of $99.00 and a 52-week high of $182.10.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. Equities analysts expect that Valero Energy will post 7.92 earnings per share for the current year.

Hedge Funds Weigh In On Valero Energy

Hedge funds have recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new position in Valero Energy during the fourth quarter worth about $25,000. Ameriflex Group Inc. purchased a new stake in Valero Energy in the 4th quarter valued at about $29,000. Tobam acquired a new position in Valero Energy in the fourth quarter valued at about $30,000. OFI Invest Asset Management purchased a new position in Valero Energy during the fourth quarter worth about $37,000. Finally, Golden State Wealth Management LLC purchased a new position in Valero Energy during the fourth quarter worth about $38,000. Institutional investors and hedge funds 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.