Valero Energy (NYSE:VLO) Given New $192.00 Price Target at Citigroup

Valero Energy (NYSE:VLO) had its price objective raised by Citigroup from $160.00 to $192.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the oil and gas company’s stock. Citigroup’s price objective indicates a potential upside of 17.15% from the company’s current price.

VLO has been the subject of several other research reports. TD Cowen raised their price objective on shares of Valero Energy from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Wells Fargo & Company upped their price target on Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Barclays lifted their price objective on Valero Energy from $149.00 to $179.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. UBS Group raised their price target on Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, March 26th. Finally, Piper Sandler increased their price objective on shares of Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.63.

Valero Energy Trading Up 0.9 %

NYSE VLO opened at $163.90 on Thursday. Valero Energy has a 52-week low of $104.18 and a 52-week high of $184.79. The firm has a 50-day moving average price of $158.54 and a 200 day moving average price of $139.29. The stock has a market capitalization of $54.49 billion, a P/E ratio of 6.63, a P/E/G ratio of 1.61 and a beta of 1.54. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, beating the consensus estimate of $2.95 by $0.60. The business had revenue of $35.41 billion during the quarter, compared to analysts’ expectations of $34.76 billion. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The company’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same period last year, the firm earned $8.45 EPS. Equities research analysts expect that Valero Energy will post 17.31 EPS for the current year.

Institutional Trading of Valero Energy

A number of hedge funds have recently added to or reduced their stakes in the business. BKM Wealth Management LLC purchased a new position in Valero Energy during the fourth quarter worth approximately $26,000. Live Oak Investment Partners purchased a new position in shares of Valero Energy in the 4th quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Valero Energy in the third quarter valued at $28,000. Quarry LP grew its position in Valero Energy by 1,676.9% during the first quarter. Quarry LP now owns 231 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 218 shares during the period. Finally, Rise Advisors LLC acquired a new stake in Valero Energy during the first quarter worth about $33,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Company Profile

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.