Valero Energy (NYSE:VLO) PT Raised to $192.00 at Citigroup

Valero Energy (NYSE:VLO) had its target price upped by equities researchers at Citigroup from $160.00 to $192.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Citigroup’s price target indicates a potential upside of 17.15% from the company’s previous close.

Several other equities research analysts also recently weighed in on VLO. UBS Group increased their price target on Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. Scotiabank lifted their target price on Valero Energy from $138.00 to $165.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Piper Sandler upped their price target on shares of Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. Barclays lifted their price objective on shares of Valero Energy from $149.00 to $179.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Finally, Mizuho downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating and upped their target price for the stock from $150.00 to $173.00 in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $173.63.

Valero Energy Stock Up 0.9 %

Shares of VLO opened at $163.90 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $158.54 and a 200 day moving average of $139.29. The company has a market cap of $54.49 billion, a PE ratio of 6.63, a P/E/G ratio of 1.61 and a beta of 1.54. Valero Energy has a 52-week low of $104.18 and a 52-week high of $184.79.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.95 by $0.60. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The firm had revenue of $35.41 billion during the quarter, compared to analyst estimates of $34.76 billion. During the same quarter last year, the business earned $8.45 EPS. The business’s revenue was down 15.2% on a year-over-year basis. On average, sell-side analysts expect that Valero Energy will post 17.31 EPS for the current year.

Institutional Investors Weigh In On Valero Energy

A number of institutional investors have recently added to or reduced their stakes in VLO. Norges Bank purchased a new stake in shares of Valero Energy during the fourth quarter valued at about $570,428,000. International Assets Investment Management LLC lifted its position in Valero Energy by 12,883.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,047,360 shares of the oil and gas company’s stock valued at $136,157,000 after acquiring an additional 1,039,293 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Valero Energy by 121.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,739,618 shares of the oil and gas company’s stock valued at $242,853,000 after acquiring an additional 952,518 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Valero Energy by 94.4% in the third quarter. Acadian Asset Management LLC now owns 1,429,706 shares of the oil and gas company’s stock worth $202,585,000 after purchasing an additional 694,224 shares during the last quarter. Finally, Holocene Advisors LP purchased a new position in Valero Energy in the second quarter worth $75,019,000. 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.