Valero Energy’s (VLO) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c) rating on shares of Valero Energy (NYSE:VLO) in a research report report published on Friday morning,Weiss Ratings reports.

A number of other analysts have also recently commented on VLO. TD Cowen cut shares of Valero Energy from a “buy” rating to a “hold” rating and upped their price target for the company from $118.00 to $140.00 in a research note on Tuesday, July 22nd. UBS Group restated a “buy” rating and set a $183.00 price target on shares of Valero Energy in a research note on Friday. Jefferies Financial Group upped their price target on shares of Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Mizuho upped their price target on shares of Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Finally, Morgan Stanley lowered shares of Valero Energy from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $160.00 to $175.00 in a report on Friday, October 3rd. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.27.

Valero Energy Stock Performance

Shares of VLO stock opened at $170.92 on Friday. The stock has a market capitalization of $53.10 billion, a P/E ratio of 35.68, a PEG ratio of 1.92 and a beta of 1.05. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average is $158.99 and its 200 day moving average is $141.05. Valero Energy has a 12 month low of $99.00 and a 12 month high of $178.43.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.51. The company had revenue of $32.17 billion for the quarter, compared to analysts’ expectations of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. Valero Energy’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. On average, sell-side analysts anticipate that Valero Energy will post 7.92 earnings per share for the current year.

Institutional Trading of Valero Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Private Wealth Services LLC increased its holdings in shares of Valero Energy by 18.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company’s stock worth $2,959,000 after buying an additional 3,503 shares during the last quarter. Hancock Whitney Corp increased its holdings in shares of Valero Energy by 8.9% in the 1st quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock worth $6,138,000 after buying an additional 3,790 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Valero Energy in the 1st quarter worth $766,000. FORA Capital LLC bought a new position in shares of Valero Energy in the 1st quarter worth $866,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Valero Energy by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company’s stock worth $74,025,000 after buying an additional 56,274 shares during the last quarter. Institutional investors 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.