Valero Energy (NYSE:VLO) Price Target Raised to $485.00

Valero Energy (NYSE:VLO – Free Report) had its price objective lifted by Citigroup from $302.00 to $485.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the oil and gas company’s stock.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group dropped their price objective on shares of Valero Energy from $401.00 to $394.00 and set a “hold” rating on the stock in a report on Thursday, October 8th. Piper Sandler lifted their price objective on shares of Valero Energy from $329.00 to $435.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Erste Group Bank lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, August 27th. UBS Group reaffirmed a “buy” rating and set a $467.00 target price on shares of Valero Energy in a research note on Tuesday, October 6th. Finally, TD Cowen increased their price target on Valero Energy from $338.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $382.62.

Check Out Our Latest Stock Analysis on VLO

Valero Energy Trading Down 3.3%

Shares of NYSE VLO opened at $444.44 on Tuesday. Valero Energy has a 12-month low of $155.29 and a 12-month high of $461.52. The company has a market cap of $127.97 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 0.29 and a beta of 0.59. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37. The stock’s 50 day simple moving average is $380.19 and its 200 day simple moving average is $302.71.

Valero Energy (NYSE:VLO – Get Free Report) last posted its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.11 by $2.43. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%. The company had revenue of $44.48 billion for the quarter, compared to analysts’ expectations of $39.47 billion. During the same period last year, the business posted $2.28 earnings per share. The firm’s quarterly revenue was up 48.8% compared to the same quarter last year. Equities research analysts expect that Valero Energy will post 51.77 EPS for the current year.

Institutional Investors Weigh In On Valero Energy

A number of large investors have recently made changes to their positions in the company. Whipplewood Advisors LLC grew its holdings in shares of Valero Energy by 3,400.0% during the first quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 102 shares in the last quarter. Cornerstone Financial Management LLC grew its holdings in shares of Valero Energy by 57.6% during the 2nd quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 38 shares in the last quarter. Financial Life Planners purchased a new position in shares of Valero Energy during the 1st quarter valued at $28,000. Valued Wealth Advisors LLC grew its holdings in shares of Valero Energy by 134.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 67 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. boosted its position in Valero Energy by 157.0% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 203 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 124 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Trending Headlines about Valero Energy

Here are the key news stories impacting Valero Energy this week:

  • Positive Sentiment: Analyst targets moved higher: Wells Fargo raised its price target to $485 from $389 and assigned an Overweight rating, while Citigroup lifted its target to $485 but retained a Neutral stance. The revisions reflect stronger expectations for refinery capture rates, heavy-crude discounts and capital returns. Wells Fargo Adjusts Price Target on Valero Energy Citigroup Raises VLO Target
  • Positive Sentiment: Refining economics remain supportive: Valero’s ability to source heavy sour crude, including Canadian and potentially Venezuelan supplies, can provide discounted feedstock and support margins when fuel markets are tight. Can Valero’s Heavy Crude Advantage Support Stronger Refining Margins?
  • Neutral Sentiment: Earnings outlook is constructive but uncertain: Analysts expect year-over-year earnings growth ahead of the upcoming report, but commentary indicates Valero may lack the combination of estimate revisions and surprise indicators typically associated with a likely earnings beat. Valero Energy Earnings Expected to Grow
  • Negative Sentiment: Valuation and profit-taking are weighing on sentiment: Valero has risen roughly sevenfold over five years and recently traded near its 12-month high. One valuation analysis increased fair value to about $401.53, still below the prevailing share price, suggesting limited modeled upside. Analysts also continue to flag the cyclical nature of refining margins. Valero Energy Stock Looks Fully Priced Valero Energy Stock Fair Value Rises

About Valero Energy

(Get Free Report)

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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