Valero Energy (NYSE:VLO) Price Target Raised to $165.00 at Scotiabank

Valero Energy (NYSE:VLO) had its price target boosted by analysts at Scotiabank from $138.00 to $165.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “sector outperform” rating on the oil and gas company’s stock. Scotiabank’s target price points to a potential downside of 4.95% from the stock’s previous close.

A number of other brokerages have also recently commented on VLO. The Goldman Sachs Group upped their target price on shares of Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a report on Friday, March 22nd. UBS Group upped their price target on shares of Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Piper Sandler upped their price target on shares of Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. TD Cowen upped their price target on shares of Valero Energy from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Mizuho lowered shares of Valero Energy from a “buy” rating to a “neutral” rating and upped their price target for the stock from $150.00 to $173.00 in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.40.

Valero Energy Stock Down 1.9 %

Shares of VLO stock opened at $173.60 on Thursday. Valero Energy has a 12 month low of $104.18 and a 12 month high of $184.79. The stock has a market cap of $57.72 billion, a P/E ratio of 7.02, a P/E/G ratio of 1.70 and a beta of 1.54. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a 50 day simple moving average of $155.96 and a two-hundred day simple moving average of $138.45.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, beating analysts’ consensus estimates of $2.95 by $0.60. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The business had revenue of $35.41 billion during the quarter, compared to analysts’ expectations of $34.76 billion. During the same period in the prior year, the company earned $8.45 earnings per share. The firm’s revenue was down 15.2% on a year-over-year basis. On average, research analysts expect that Valero Energy will post 17.25 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 modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Valero Energy during the third quarter valued at $28,000. Rise Advisors LLC purchased a new stake in Valero Energy during the first quarter valued at $33,000. Indiana Trust & Investment Management CO purchased a new stake in Valero Energy during the third quarter valued at $28,000. BKM Wealth Management LLC purchased a new stake in Valero Energy during the fourth quarter valued at $26,000. Finally, Live Oak Investment Partners purchased a new stake in Valero Energy during the fourth quarter valued at $26,000. Institutional investors own 78.69% of the company’s stock.

About Valero Energy

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.