Valero Energy (NYSE:VLO) Price Target Raised to $173.00 at Scotiabank

Valero Energy (NYSE:VLO) had its price objective boosted by equities researchers at Scotiabank from $165.00 to $173.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “sector outperform” rating on the oil and gas company’s stock. Scotiabank’s price objective points to a potential upside of 16.96% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. Mizuho decreased their target price on shares of Valero Energy from $176.00 to $171.00 and set a “neutral” rating on the stock in a research note on Thursday, June 20th. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $156.00 to $210.00 in a research note on Friday, March 15th. Barclays lowered their price objective on shares of Valero Energy from $171.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Citigroup boosted their target price on Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Piper Sandler lowered their price target on Valero Energy from $187.00 to $169.00 and set an “overweight” rating for the company in a research report on Friday, June 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and an average price target of $170.07.

Valero Energy Stock Up 0.9 %

NYSE:VLO opened at $147.92 on Friday. The firm has a market capitalization of $48.37 billion, a P/E ratio of 7.33, a PEG ratio of 1.59 and a beta of 1.42. The company’s fifty day moving average price is $155.13 and its 200-day moving average price is $151.76. 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 has a 1-year low of $112.67 and a 1-year high of $184.79.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 EPS for the quarter, beating the consensus estimate of $3.18 by $0.64. The company had revenue of $31.76 billion for the quarter, compared to analyst estimates of $32.02 billion. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The firm’s revenue was down 12.8% on a year-over-year basis. During the same quarter last year, the business earned $8.27 earnings per share. As a group, equities research analysts anticipate that Valero Energy will post 15.34 EPS for the current year.

Insider Buying and Selling

In related news, Director Kimberly S. Greene sold 720 shares of Valero Energy stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $158.12, for a total transaction of $113,846.40. Following the completion of the sale, the director now owns 13,314 shares in the company, valued at approximately $2,105,209.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.04% of the company’s stock.

Institutional Trading of Valero Energy

A number of institutional investors have recently modified their holdings of VLO. Modera Wealth Management LLC bought a new position in Valero Energy during the third quarter worth $274,000. Wellington Management Group LLP boosted its holdings in shares of Valero Energy by 10.6% in the 3rd quarter. Wellington Management Group LLP now owns 43,597 shares of the oil and gas company’s stock valued at $6,178,000 after buying an additional 4,184 shares during the period. Anchor Investment Management LLC acquired a new position in shares of Valero Energy in the 4th quarter valued at about $223,000. Exchange Traded Concepts LLC raised its stake in Valero Energy by 32,357.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 8,439 shares of the oil and gas company’s stock worth $1,097,000 after acquiring an additional 8,413 shares during the period. Finally, Capital Investment Advisors LLC lifted its holdings in Valero Energy by 0.3% in the fourth quarter. Capital Investment Advisors LLC now owns 35,679 shares of the oil and gas company’s stock worth $4,638,000 after acquiring an additional 92 shares during the last quarter. Hedge funds and other 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.