Valero Energy (NYSE:VLO) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Valero Energy (NYSE:VLOGet Free Report) had its price target lifted by research analysts at Raymond James Financial from $155.00 to $172.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “strong-buy” rating on the oil and gas company’s stock. Raymond James Financial’s price objective would indicate a potential upside of 20.11% from the stock’s current price.

VLO has been the topic of a number of other reports. Evercore ISI initiated coverage on Valero Energy in a research report on Wednesday, June 18th. They set an “in-line” rating and a $135.00 target price on the stock. 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. TD Cowen decreased their price target on Valero Energy from $121.00 to $118.00 and set a “buy” rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. decreased their price target on Valero Energy from $152.00 to $147.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Finally, Piper Sandler lifted their price target on Valero Energy from $142.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $153.94.

Check Out Our Latest Research Report on Valero Energy

Valero Energy Stock Down 3.8%

Shares of NYSE VLO opened at $143.20 on Tuesday. Valero Energy has a 1 year low of $99.00 and a 1 year high of $167.78. The firm has a market cap of $44.85 billion, a price-to-earnings ratio of 50.60, a PEG ratio of 2.55 and a beta of 1.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.56. The stock’s 50-day simple moving average is $135.73 and its 200-day simple moving average is $129.74.

Valero Energy (NYSE:VLOGet Free Report) last announced its earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.27). Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The business had revenue of $28.76 billion for the quarter, compared to analysts’ expectations of $28.54 billion. During the same period in the previous year, the firm posted $3.82 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that Valero Energy will post 7.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Valero Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Valero Energy by 12.0% in the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock valued at $5,135,043,000 after acquiring an additional 4,155,522 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Valero Energy by 6.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock worth $1,510,586,000 after buying an additional 736,533 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Valero Energy by 276.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock worth $1,425,754,000 after buying an additional 7,931,018 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Valero Energy by 5.7% during the fourth quarter. Ameriprise Financial Inc. now owns 7,938,335 shares of the oil and gas company’s stock worth $973,119,000 after buying an additional 429,252 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Valero Energy by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 6,871,229 shares of the oil and gas company’s stock worth $844,775,000 after buying an additional 100,248 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Valero Energy (NYSE:VLO)

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