Valero Energy (NYSE:VLO) Price Target Cut to $150.00 by Analysts at UBS Group

Valero Energy (NYSE:VLO) had its price objective trimmed by UBS Group from $160.00 to $150.00 in a report released on Monday,Benzinga reports. The firm currently has a buy rating on the oil and gas company’s stock.

Several other equities analysts also recently commented on the company. Piper Sandler dropped their price objective on Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. TD Cowen dropped their target price on Valero Energy from $121.00 to $118.00 and set a “buy” rating on the stock in a research report on Friday. Morgan Stanley dropped their target price on Valero Energy from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. dropped their target price on Valero Energy from $152.00 to $147.00 and set an “overweight” rating on the stock in a research report on Monday. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.80.

Valero Energy Price Performance

Valero Energy stock opened at $114.75 on Monday. Valero Energy has a 12 month low of $99.00 and a 12 month high of $168.85. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The business’s 50 day simple moving average is $122.65 and its 200 day simple moving average is $129.52. The company has a market cap of $36.14 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 2.93 and a beta of 1.17.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 EPS 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 analysts’ expectations of $28.54 billion. During the same quarter in the previous year, the company posted $3.82 EPS. Valero Energy’s revenue for the quarter was down 4.7% on a year-over-year basis. Sell-side analysts forecast that Valero Energy will post 7.92 EPS for the current year.

Institutional Investors Weigh In On Valero Energy

A number of institutional investors and hedge funds have recently made changes to their positions in VLO. Norges Bank bought a new position in Valero Energy in the fourth quarter valued at $669,400,000. Vanguard Group Inc. increased its stake in Valero Energy by 16.1% in the fourth 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 acquiring an additional 4,805,133 shares during the last quarter. GAMMA Investing LLC increased its stake in Valero Energy by 15,395.5% in the first quarter. GAMMA Investing LLC now owns 1,355,699 shares of the oil and gas company’s stock valued at $179,047,000 after acquiring an additional 1,346,950 shares during the last quarter. Raymond James Financial Inc. bought a new position in Valero Energy in the fourth quarter valued at $132,469,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Valero Energy in the fourth quarter valued at $98,376,000. Hedge funds and other institutional investors 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.