Morgan Stanley Raises Valero Energy (NYSE:VLO) Price Target to $125.00

Valero Energy (NYSE:VLOGet Rating) had its price objective increased by equities researchers at Morgan Stanley from $100.00 to $125.00 in a report released on Monday, The Fly reports. Morgan Stanley’s price target would indicate a potential upside of 19.21% from the company’s current price.

Several other analysts have also recently weighed in on VLO. Royal Bank of Canada lifted their price target on Valero Energy from $98.00 to $108.00 and gave the stock an “outperform” rating in a report on Wednesday, April 6th. StockNews.com assumed coverage on shares of Valero Energy in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Cowen dropped their price objective on shares of Valero Energy from $85.00 to $82.00 and set an “outperform” rating for the company in a research note on Tuesday, December 28th. Piper Sandler increased their target price on shares of Valero Energy from $95.00 to $121.00 in a research report on Monday. Finally, Raymond James boosted their price target on Valero Energy from $105.00 to $117.00 and gave the company a “strong-buy” rating in a research note on Friday, April 8th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $103.08.

NYSE:VLO opened at $104.86 on Monday. The company has a market cap of $42.92 billion, a P/E ratio of 46.60, a P/E/G ratio of 1.96 and a beta of 1.99. The firm’s fifty day moving average price is $92.37 and its two-hundred day moving average price is $82.25. Valero Energy has a one year low of $58.85 and a one year high of $105.45. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.26 and a quick ratio of 0.88.

Valero Energy (NYSE:VLOGet Rating) last announced its earnings results on Thursday, January 27th. The oil and gas company reported $2.47 EPS for the quarter, topping the consensus estimate of $1.79 by $0.68. The business had revenue of $35.90 billion during the quarter, compared to the consensus estimate of $27.92 billion. Valero Energy had a net margin of 0.82% and a return on equity of 5.30%. Valero Energy’s revenue was up 116.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.06) EPS. As a group, equities research analysts expect that Valero Energy will post 8.9 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP purchased a new stake in Valero Energy in the 1st quarter worth approximately $90,000. Commonwealth Equity Services LLC grew its holdings in Valero Energy by 3.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 194,704 shares of the oil and gas company’s stock worth $13,740,000 after acquiring an additional 6,922 shares during the last quarter. Banque Cantonale Vaudoise increased its holdings in Valero Energy by 4.3% during the 3rd quarter. Banque Cantonale Vaudoise now owns 7,589 shares of the oil and gas company’s stock valued at $535,000 after purchasing an additional 310 shares during the period. TCI Wealth Advisors Inc. increased its position in Valero Energy by 27.8% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 932 shares of the oil and gas company’s stock valued at $66,000 after purchasing an additional 203 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Valero Energy by 1.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 57,428 shares of the oil and gas company’s stock worth $4,053,000 after acquiring an additional 690 shares during the period. Institutional investors and hedge funds own 77.52% of the company’s stock.

Valero Energy Company Profile (Get Rating)

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.

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