Valero Energy (NYSE:VLO – Get Free Report) had its price target upped by equities research analysts at TD Cowen from $292.00 to $338.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the oil and gas company’s stock. TD Cowen’s price target would indicate a potential upside of 8.22% from the stock’s previous close.
Several other equities analysts have also recently issued reports on the company. Raymond James Financial lifted their price target on Valero Energy from $300.00 to $340.00 and gave the company a “strong-buy” rating in a research report on Monday, July 13th. Wolfe Research reaffirmed an “underperform” rating and set a $203.00 target price on shares of Valero Energy in a research note on Tuesday, April 21st. Weiss Ratings cut Valero Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 8th. Mizuho boosted their price target on shares of Valero Energy from $222.00 to $289.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Finally, Citigroup boosted their price target on shares of Valero Energy from $259.00 to $302.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.76.
Read Our Latest Stock Analysis on VLO
Valero Energy Price Performance
Valero Energy (NYSE:VLO – Get Free Report) last announced its earnings results on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, topping the consensus estimate 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 firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 earnings per share. Research analysts expect that Valero Energy will post 32.61 EPS for the current fiscal year.
Insider Activity at Valero Energy
In other news, SVP Eric A. Fisher sold 7,500 shares of Valero Energy stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $268.17, for a total value of $2,011,275.00. Following the transaction, the senior vice president directly owned 19,742 shares in the company, valued at approximately $5,294,212.14. The trade was a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. Ballast Inc. raised its position in shares of Valero Energy by 7.4% during the second quarter. Ballast Inc. now owns 6,217 shares of the oil and gas company’s stock worth $1,619,000 after acquiring an additional 430 shares during the last quarter. Regent Peak Wealth Advisors LLC acquired a new stake in Valero Energy in the second quarter worth about $205,000. Heck Capital Advisors LLC acquired a new stake in Valero Energy in the second quarter worth about $286,000. Tema ETFs LLC raised its holdings in Valero Energy by 10.2% during the 2nd quarter. Tema ETFs LLC now owns 6,270 shares of the oil and gas company’s stock worth $1,633,000 after purchasing an additional 580 shares during the last quarter. Finally, HRC Wealth Management LLC bought a new position in shares of Valero Energy in the 2nd quarter valued at about $208,000. 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.
Recommended Stories
- Five stocks we like better than Valero Energy
- IREN’s $2.8 Billion AI Contract Haul Changes the Stock’s Story
- Alphabet Is Planning a New AI Chip. Here’s Why It Matters Ahead of Earnings
- Microsoft’s AI Bet Could Rewrite AMD’s Growth Story
- Travelers Stock Surges 10% as Earnings Beat Reveals Underwriting Discipline
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.
