Scotiabank Lowers Valero Energy (NYSE:VLO) Price Target to $136.00

Valero Energy (NYSE:VLO) had its price objective cut by research analysts at Scotiabank from $156.00 to $136.00 in a report released on Friday,Benzinga reports. The firm currently has a “sector outperform” rating on the oil and gas company’s stock. Scotiabank’s price target would suggest a potential upside of 22.98% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Raymond James cut their target price on Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating on the stock in a research note on Wednesday. Mizuho cut their price objective on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Piper Sandler decreased their target price on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company decreased their price objective on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus target price of $152.46.

Valero Energy Stock Performance

Shares of VLO opened at $110.59 on Friday. The firm has a market cap of $34.83 billion, a P/E ratio of 13.04, a PEG ratio of 2.93 and a beta of 1.17. Valero Energy has a twelve month low of $99.00 and a twelve month high of $178.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The firm’s 50 day moving average price is $127.99 and its two-hundred day moving average price is $131.73.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. On average, analysts forecast that Valero Energy will post 7.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Valero Energy in the fourth quarter valued at approximately $669,400,000. Vanguard Group Inc. grew its holdings in Valero Energy by 16.1% in the 4th quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company’s stock valued at $4,257,024,000 after buying an additional 4,805,133 shares in the last quarter. GAMMA Investing LLC increased its position in Valero Energy by 15,395.5% during the 1st quarter. GAMMA Investing LLC now owns 1,355,699 shares of the oil and gas company’s stock worth $179,047,000 after buying an additional 1,346,950 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Valero Energy during the fourth quarter worth $132,469,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Valero Energy in the fourth quarter valued at about $98,376,000. Institutional investors and hedge funds 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.