Valero Energy (NYSE:VLO – Get Free Report) had its price target upped by stock analysts at Citigroup from $259.00 to $302.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. Citigroup’s price objective indicates a potential upside of 1.65% from the company’s previous close.
VLO has been the topic of a number of other reports. Wall Street Zen upgraded Valero Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 4th. Barclays increased their target price on shares of Valero Energy from $261.00 to $279.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Zacks Research lowered shares of Valero Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Wolfe Research reissued an “underperform” rating and issued a $203.00 price target on shares of Valero Energy in a research report on Tuesday, April 21st. Finally, Piper Sandler raised their price objective on shares of Valero Energy from $236.00 to $263.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.06.
Read Our Latest Stock Report on Valero Energy
Valero Energy Stock Performance
Valero Energy (NYSE:VLO – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $1.06. The firm had revenue of $32.38 billion for the quarter, compared to analysts’ expectations of $31.38 billion. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS. On average, research analysts forecast that Valero Energy will post 31.04 EPS for the current fiscal year.
Insider Buying and Selling at Valero Energy
In other news, SVP Eric A. Fisher sold 7,500 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the sale, the senior vice president directly owned 19,742 shares in the company, valued at $5,294,212.14. This represents a 27.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.36% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Valero Energy
Several hedge funds have recently bought and sold shares of VLO. Ballast Inc. boosted its holdings in Valero Energy by 7.4% in the 2nd quarter. Ballast Inc. now owns 6,217 shares of the oil and gas company’s stock valued at $1,619,000 after purchasing an additional 430 shares during the period. Regent Peak Wealth Advisors LLC bought a new position in shares of Valero Energy in the second quarter worth $205,000. Heck Capital Advisors LLC purchased a new stake in shares of Valero Energy in the second quarter worth $286,000. Tema ETFs LLC boosted its stake in Valero Energy by 10.2% during the second quarter. Tema ETFs LLC now owns 6,270 shares of the oil and gas company’s stock valued at $1,633,000 after buying an additional 580 shares during the period. Finally, HRC Wealth Management LLC bought a new stake in Valero Energy during the second quarter valued at $208,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.
Valero Energy Company Profile
Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.
In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.
Further Reading
- Five stocks we like better than Valero Energy
- 3 Energy Stocks Racing to Fix AI’s Power Problem
- No Space For Panic: T-Mobile Shrugs Off The Starlink Threat
- Prepare for the Next Wave of Factory Automation With These 3 Standout Names
- These 3 Water ETFs Could be Quiet Winners From Infrastructure Spending
Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.
