Valero Energy (NYSE:VLO – Get Free Report) had its price target upped by equities research analysts at Mizuho from $300.00 to $434.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s target price would indicate a potential upside of 2.48% from the stock’s previous close.
Several other analysts have also recently commented on VLO. Erste Group Bank cut Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 27th. Raymond James Financial boosted their price target on shares of Valero Energy from $350.00 to $450.00 and gave the stock a “strong-buy” rating in a research report on Monday, September 14th. Citigroup upped their price objective on shares of Valero Energy from $259.00 to $302.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. The Goldman Sachs Group increased their price objective on shares of Valero Energy from $365.00 to $457.00 and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. Finally, Wells Fargo & Company lifted their target price on shares of Valero Energy from $356.00 to $389.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.62.
View Our Latest Analysis on Valero Energy
Valero Energy Stock Performance
Valero Energy (NYSE:VLO – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, beating analysts’ consensus estimates of $10.11 by $2.43. The firm had revenue of $44.48 billion for the quarter, compared to analyst estimates of $39.47 billion. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%.The business’s revenue was up 48.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.28 EPS. Sell-side analysts expect that Valero Energy will post 49.86 EPS for the current year.
Institutional Trading of Valero Energy
Several large investors have recently modified their holdings of VLO. Whipplewood Advisors LLC lifted its position in shares of Valero Energy by 3,400.0% during the 1st quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 102 shares during the period. Cornerstone Financial Management LLC grew its holdings in Valero Energy by 57.6% in the second quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 38 shares during the period. Financial Life Planners bought a new stake in Valero Energy in the first quarter valued at $28,000. Valued Wealth Advisors LLC raised its holdings in shares of Valero Energy by 134.0% during the first quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 67 shares during the period. Finally, University of Texas Texas AM Investment Management Co. boosted its position in shares of Valero Energy by 157.0% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 203 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 124 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.
About Valero Energy
Valero Energy Corporation is an international petroleum refining, renewable fuels and marketing company headquartered in San Antonio, Texas. Founded in 1980, the company processes crude oil and other feedstocks into transportation fuels and other products used by commercial, industrial and consumer customers.
Valero’s refined products include gasoline, diesel, jet fuel, asphalt, lubricants and petrochemical feedstocks. The company also produces and markets ethanol and renewable diesel, including through its Diamond Green Diesel joint venture with Darling Ingredients.
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