Valero Energy (NYSE:VLO) Given New $158.00 Price Target at Mizuho

Valero Energy (NYSE:VLO) had its price objective lowered by Mizuho from $165.00 to $158.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the oil and gas company’s stock.

Several other equities research analysts have also issued reports on the stock. BMO Capital Markets decreased their price target on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Citigroup lowered their target price 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. Barclays cut their price target on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. JPMorgan Chase & Co. dropped their price objective on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Finally, TD Cowen reduced their target price on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $154.57.

Valero Energy Trading Up 1.7 %

NYSE VLO opened at $127.27 on Wednesday. Valero Energy has a 52 week low of $116.84 and a 52 week high of $184.79. The business has a 50 day moving average price of $130.99 and a 200-day moving average price of $139.10. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The company has a market cap of $40.29 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 2.43 and a beta of 1.42.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. During the same quarter in the previous year, the business earned $7.49 EPS. The company’s quarterly revenue was down 14.4% on a year-over-year basis. As a group, equities analysts expect that Valero Energy will post 8.86 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Wednesday, November 20th were given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Wednesday, November 20th. Valero Energy’s dividend payout ratio (DPR) is currently 38.39%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VLO. Ballentine Partners LLC lifted its position in shares of Valero Energy by 5.8% in the 2nd quarter. Ballentine Partners LLC now owns 2,213 shares of the oil and gas company’s stock worth $347,000 after purchasing an additional 122 shares during the period. Choreo LLC lifted its position in shares of Valero Energy by 120.9% during the second quarter. Choreo LLC now owns 12,625 shares of the oil and gas company’s stock valued at $1,994,000 after buying an additional 6,911 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Valero Energy by 0.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 35,879 shares of the oil and gas company’s stock valued at $5,624,000 after buying an additional 244 shares in the last quarter. Coldstream Capital Management Inc. grew its position in shares of Valero Energy by 2.7% in the 2nd quarter. Coldstream Capital Management Inc. now owns 7,372 shares of the oil and gas company’s stock worth $1,156,000 after buying an additional 192 shares during the last quarter. Finally, Angeles Wealth Management LLC raised its stake in shares of Valero Energy by 18.7% during the 2nd quarter. Angeles Wealth Management LLC now owns 1,709 shares of the oil and gas company’s stock worth $268,000 after acquiring an additional 269 shares in the last quarter. 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.