Mizuho Increases Valero Energy (NYSE:VLO) Price Target to $176.00

Valero Energy (NYSE:VLO) had its price target boosted by stock analysts at Mizuho from $173.00 to $176.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price objective would suggest a potential upside of 12.90% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. The Goldman Sachs Group boosted their price objective on Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $156.00 to $210.00 in a research report on Friday, March 15th. Citigroup boosted their price objective on Valero Energy from $160.00 to $192.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, TD Cowen cut their price objective on Valero Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $173.87.

Valero Energy Trading Down 0.0 %

NYSE VLO opened at $155.89 on Monday. The company has a market cap of $50.98 billion, a price-to-earnings ratio of 7.68, a P/E/G ratio of 1.44 and a beta of 1.55. Valero Energy has a 52 week low of $105.66 and a 52 week high of $184.79. The business has a 50 day moving average price of $164.88 and a 200-day moving average price of $143.00. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $3.82 EPS for the quarter, beating the consensus estimate of $3.18 by $0.64. The firm had revenue of $31.76 billion during the quarter, compared to the consensus estimate of $32.02 billion. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The company’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.27 earnings per share. As a group, equities analysts expect that Valero Energy will post 18.01 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Kimberly S. Greene sold 720 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $158.12, for a total transaction of $113,846.40. Following the sale, the director now directly owns 13,314 shares in the company, valued at approximately $2,105,209.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On Valero Energy

Institutional investors have recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC bought a new position in Valero Energy in the 3rd quarter worth about $28,000. Rise Advisors LLC bought a new position in Valero Energy in the 1st quarter worth about $33,000. BKM Wealth Management LLC bought a new position in Valero Energy in the 4th quarter worth about $26,000. First Foundation Advisors bought a new position in Valero Energy in the 1st quarter worth about $37,000. Finally, Wetzel Investment Advisors Inc. bought a new position in Valero Energy in the 4th quarter worth about $36,000. 78.69% of the stock is currently owned by institutional investors.

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.