TD Cowen Trims Valero Energy (NYSE:VLO) Target Price to $185.00

Valero Energy (NYSE:VLO) had its target price cut by TD Cowen from $190.00 to $185.00 in a report issued on Monday, Marketbeat Ratings reports. They currently have a buy rating on the oil and gas company’s stock.

A number of other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Valero Energy from $177.00 to $178.00 and gave the stock an overweight rating in a research note on Monday, April 1st. Barclays increased their target price on shares of Valero Energy from $149.00 to $179.00 and gave the stock an overweight rating in a research note on Wednesday, April 3rd. Bank of America upgraded Valero Energy from a neutral rating to a buy rating and boosted their price target for the company from $156.00 to $210.00 in a research report on Friday, March 15th. UBS Group increased their price objective on Valero Energy from $167.00 to $197.00 and gave the stock a buy rating in a research report on Tuesday, March 26th. Finally, Piper Sandler lifted their target price on Valero Energy from $161.00 to $198.00 and gave the company an overweight rating in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $174.80.

Valero Energy Stock Performance

Shares of VLO stock opened at $167.53 on Monday. Valero Energy has a 1 year low of $104.18 and a 1 year high of $184.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.59. The firm has a market cap of $55.70 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.50 and a beta of 1.54. The stock’s 50-day moving average is $161.63 and its two-hundred day moving average is $141.05.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 EPS for the quarter, topping the consensus estimate of $3.18 by $0.64. The company had revenue of $31.76 billion for the quarter, compared to analyst estimates of $32.02 billion. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The firm’s revenue was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.27 earnings per share. Analysts predict that Valero Energy will post 18.37 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Valero Energy in the 3rd quarter worth approximately $28,000. Rise Advisors LLC purchased a new stake in Valero Energy during the first quarter worth $33,000. BKM Wealth Management LLC acquired a new stake in Valero Energy in the fourth quarter valued at $26,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Valero Energy in the fourth quarter valued at $36,000. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Valero Energy during the 4th quarter worth $38,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

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.