Valero Energy (NYSE:VLO) Upgraded by StockNews.com to “Strong-Buy”

Valero Energy (NYSE:VLO – Get Rating) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

A number of other research firms have also commented on VLO. Royal Bank of Canada increased their price target on Valero Energy from $156.00 to $165.00 and gave the stock an “outperform” rating in a research report on Monday, January 30th. Mizuho increased their price target on Valero Energy from $157.00 to $170.00 in a research report on Friday, March 10th. Piper Sandler decreased their price target on Valero Energy from $177.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday, December 19th. Morgan Stanley increased their price target on Valero Energy from $140.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, January 20th. Finally, Raymond James upped their price objective on Valero Energy from $169.00 to $174.00 and gave the stock a “strong-buy” rating in a report on Monday, January 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.38.

Valero Energy Trading Down 0.6 %

VLO stock opened at $126.37 on Friday. Valero Energy has a 1-year low of $88.16 and a 1-year high of $150.39. The firm has a market cap of $46.90 billion, a P/E ratio of 4.34, a P/E/G ratio of 0.90 and a beta of 1.65. The business’s 50 day moving average is $135.34 and its 200-day moving average is $126.22. The company has a current ratio of 1.38, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41.

Valero Energy (NYSE:VLO – Get Rating) last released its quarterly earnings results on Thursday, January 26th. The oil and gas company reported $8.45 EPS for the quarter, topping analysts’ consensus estimates of $7.45 by $1.00. The business had revenue of $41.75 billion for the quarter, compared to analyst estimates of $43.31 billion. Valero Energy had a return on equity of 50.15% and a net margin of 6.54%. Valero Energy’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.47 EPS. Equities analysts anticipate that Valero Energy will post 24.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VLO. Pinnacle Wealth Planning Services Inc. lifted its stake in Valero Energy by 1.2% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 6,301 shares of the oil and gas company’s stock worth $799,000 after purchasing an additional 73 shares in the last quarter. Signaturefd LLC raised its position in shares of Valero Energy by 4.9% during the 4th quarter. Signaturefd LLC now owns 1,618 shares of the oil and gas company’s stock valued at $205,000 after buying an additional 75 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Valero Energy by 3.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the oil and gas company’s stock valued at $227,000 after buying an additional 78 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of Valero Energy by 1.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 5,406 shares of the oil and gas company’s stock valued at $686,000 after buying an additional 80 shares in the last quarter. Finally, OneAscent Wealth Management LLC raised its position in shares of Valero Energy by 2.7% during the 3rd quarter. OneAscent Wealth Management LLC now owns 3,318 shares of the oil and gas company’s stock valued at $355,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 79.28% of the company’s stock.

About Valero Energy

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Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. It operates through the following business segments: Refining, Ethanol and Renewable Diesel. The Refining segment consists of refining operations, associated marketing activities, and logistics assets that support its refining operations.