Valero Energy (NYSE:VLO) PT Lowered to $171.00

Valero Energy (NYSE:VLO) had its price target cut by equities research analysts at Barclays from $173.00 to $171.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s price target indicates a potential upside of 8.87% from the company’s current price.

Other analysts have also issued reports about the stock. UBS Group increased their price target on shares of Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Mizuho reduced their target price on Valero Energy from $176.00 to $171.00 and set a “neutral” rating for the company in a report on Thursday, June 20th. Wells Fargo & Company lowered their price target on Valero Energy from $184.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 6th. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $156.00 to $210.00 in a report on Friday, March 15th. Finally, The Goldman Sachs Group boosted their price target on Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $171.87.

Valero Energy Stock Performance

Shares of NYSE VLO traded up $0.31 during midday trading on Monday, hitting $157.07. 433,015 shares of the company’s stock were exchanged, compared to its average volume of 3,125,468. Valero Energy has a twelve month low of $112.16 and a twelve month high of $184.79. The firm has a market cap of $51.36 billion, a P/E ratio of 7.79, a PEG ratio of 1.62 and a beta of 1.42. The stock’s 50 day moving average price is $157.35 and its 200-day moving average price is $150.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.64. The company had revenue of $31.76 billion during the quarter, compared to the consensus estimate of $32.02 billion. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. Valero Energy’s revenue was down 12.8% on a year-over-year basis. During the same period in the prior year, the company earned $8.27 EPS. Equities research analysts anticipate that Valero Energy will post 16.09 EPS for the current year.

Insider Buying and Selling at Valero Energy

In other news, Director Kimberly S. Greene sold 720 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $158.12, for a total transaction of $113,846.40. Following the transaction, the director now owns 13,314 shares of the company’s stock, valued at $2,105,209.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Collective Family Office LLC lifted its holdings in Valero Energy by 1.5% in the first quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock valued at $690,000 after buying an additional 58 shares during the period. Versant Capital Management Inc raised its position in shares of Valero Energy by 4.7% during the 1st quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock valued at $227,000 after acquiring an additional 59 shares during the last quarter. Covenant Asset Management LLC lifted its stake in shares of Valero Energy by 0.4% in the 1st quarter. Covenant Asset Management LLC now owns 14,659 shares of the oil and gas company’s stock valued at $2,502,000 after purchasing an additional 64 shares during the period. Drive Wealth Management LLC boosted its position in shares of Valero Energy by 1.1% in the 1st quarter. Drive Wealth Management LLC now owns 5,797 shares of the oil and gas company’s stock worth $990,000 after purchasing an additional 65 shares during the last quarter. Finally, Rovin Capital UT ADV grew its stake in shares of Valero Energy by 3.5% during the first quarter. Rovin Capital UT ADV now owns 1,968 shares of the oil and gas company’s stock worth $336,000 after purchasing an additional 67 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.

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.