Valero Energy (NYSE:VLO – Get Free Report) had its target price hoisted by research analysts at Morgan Stanley from $232.00 to $255.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the oil and gas company’s stock. Morgan Stanley’s target price indicates a potential downside of 2.10% from the stock’s previous close.
Several other research analysts have also recently commented on VLO. Mizuho upped their target price 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. Scotiabank upped their target price on shares of Valero Energy from $178.00 to $226.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Piper Sandler upped their target price on shares of Valero Energy from $236.00 to $263.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Barclays upped their target price on shares of Valero Energy from $184.00 to $261.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Finally, The Goldman Sachs Group upped their target price on shares of Valero Energy from $203.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $245.59.
Read Our Latest Analysis on Valero Energy
Valero Energy Stock Up 1.9%
Valero Energy (NYSE:VLO – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $1.06. The firm had revenue of $32.38 billion during the quarter, compared to analyst estimates of $31.38 billion. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.Valero Energy’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 EPS. On average, equities analysts anticipate that Valero Energy will post 26.55 earnings per share for the current year.
Hedge Funds Weigh In On Valero Energy
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First National Bank of Mount Dora Trust Investment Services lifted its position in Valero Energy by 245.0% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 17,954 shares of the oil and gas company’s stock worth $4,436,000 after acquiring an additional 12,750 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Valero Energy by 15.2% during the first quarter. Parallel Advisors LLC now owns 2,850 shares of the oil and gas company’s stock valued at $704,000 after buying an additional 376 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Valero Energy by 19.2% during the first quarter. NewEdge Advisors LLC now owns 59,298 shares of the oil and gas company’s stock valued at $14,651,000 after buying an additional 9,553 shares during the last quarter. First Nebraska Trust Co acquired a new position in shares of Valero Energy during the first quarter valued at about $286,000. Finally, Cozad Asset Management Inc. acquired a new position in shares of Valero Energy during the first quarter valued at about $286,000. Institutional investors and hedge funds 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.
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