TD Cowen Lowers Valero Energy (NYSE:VLO) Price Target to $118.00

Valero Energy (NYSE:VLO) had its price objective decreased by equities researchers at TD Cowen from $121.00 to $118.00 in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s price objective suggests a potential upside of 3.63% from the company’s current price.

Several other research analysts have also recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Valero Energy from $160.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday. Mizuho dropped their target price 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 dropped their price target on Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Tudor Pickering upgraded 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 cut their price target on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.36.

Valero Energy Stock Performance

Shares of VLO stock opened at $113.87 on Friday. The company has a market cap of $35.87 billion, a P/E ratio of 13.43, a PEG ratio of 2.93 and a beta of 1.17. Valero Energy has a 52 week low of $99.00 and a 52 week high of $168.85. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $123.10 and a two-hundred day moving average of $129.80.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The firm had revenue of $28.76 billion during the quarter, compared to the consensus estimate of $28.54 billion. As a group, analysts anticipate that Valero Energy will post 7.92 EPS for the current year.

Institutional Investors Weigh In On Valero Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Valero Energy during the fourth quarter valued at approximately $669,400,000. Vanguard Group Inc. lifted its position in Valero Energy by 16.1% during the 4th quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company’s stock worth $4,257,024,000 after buying an additional 4,805,133 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Valero Energy by 15,395.5% during the first quarter. GAMMA Investing LLC now owns 1,355,699 shares of the oil and gas company’s stock worth $179,047,000 after purchasing an additional 1,346,950 shares in the last quarter. Raymond James Financial Inc. bought a new position in Valero Energy in the 4th quarter valued at $132,469,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Valero Energy in the 4th quarter valued at $98,376,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

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.